Soros nonprofit limiting new grantmaking ...Middle East

The nonprofit founded by prominent Democratic donor George Soros plans to limit new grant making from October through next February, as it shifts to a new operating model under Soros’ son. The Open Society Foundations plans to focus the majority of its grantmaking around “specific opportunities for impact” under the new model, President Mark Malloch-Brown said in a letter Thursday. “It will free us from annual strategy and budget cycles, allow us to pursue campaign arcs of different durations, and make us more responsive to a rapidly changing world,” Malloch-Brown said. While there will temporarily be limits on new grantmaking, a spokesperson with the nonprofit told The Hill that

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Soros nonprofit limiting new grantmaking ...Middle East

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