„The Open Society Foundations is bigger than you think. In fact, it may be the largest philanthropic organization ever built, with branches in 37 countries. While the Gates Foundation spends more money, OSF has a larger footprint worldwide thanks to its many local offices, including throughout Africa. OSF’s budget will be around $930 million this year—which is substantially more than Ford’s total grantmaking.
That budget is set annually by George Soros, who’s given away nearly $12 billion since he got into philanthropy decades ago. Nevertheless, thanks to his skills in financial markets, Soros—who recently turned 85—is now richer than ever, with a net worth estimated at $26 billion. The bulk of that fortune is slated to go one day to OSF, creating a massively endowed foundation that, in recent years, has been redesigned to exist in perpetuity.“ (…)