Soros announces $220 million investment in ‘racial justice’ organizations

Progressive philanthropist George Soros announced Monday that his Open Society Foundation will “invest” $220 million into organizations that are addressing “systemic racism” in the United States.

In a tweet posted on Monday, Soros wrote, “For decades, my foundations have invested in dismantling systemic racism — from ending the drug war to securing voting rights. Now, a new $220 million investment will build power in Black communities and new anti-racist policies in the U.S.”

Soros announces ‘racial equality’ funding push

A linked press release notes that $150 million of the $220 million total will be directed to “Black-led justice organizations” fighting to achieve “racial equality” with a set of five-year grants, Breitbart reported.

Black Voters Matter, Circle for Justice Innovations, Repairers of the Breach, and the Equal Justice Initiative were named as some of the planned recipients of the funding. “Some are fighting for an end to policing as we know it, and others are fighting for access to the ballot,” the release said.

The remaining $70 million of the total will be split among a variety of groups working to “advance racial justice” as well as those working to “reimagine public safety” in major cities, and to combat alleged “voter suppression and disinformation” in the upcoming elections.

It will also fund efforts to ensure the development of more young leftist activists.

“Open Society’s funding will create opportunities for students to enroll in internships and fellowships that focus on racial justice, democracy, organizing, and mentorship,” the release read.

Giving the game away

Patrick Gaspard, president of the Open Society Foundation, said that it was “inspiring and powerful” to watch the “racial justice movement” in action and expressed how “honored” the foundation was to contribute toward furthering the movement.

“We recognize that the struggle to dismantle systemic racism is an ongoing one; it has existed from the dawn of the republic to the present day, and is embedded in every level of government and in our penal and justice systems,” Gaspard continued. “But the power-surge of people who have taken to the streets to demand that this nation do better — people of all ages, from all backgrounds, and in every corner of this country — gives hope to us all.”

Similarly, Soros’ son Alex Soros, deputy chair of the foundation, said in the statement, “These investments will empower proven leaders in the Black community to reimagine policing, end mass incarceration, and eliminate the barriers to opportunity that have been the source of inequity for too long.”

Soros and his Open Society Foundation have been a primary funder for a wide variety of left-wing politicians, causes and organizations focused on fundamentally transforming America as we know it for years.

The announcement came on the heels of the recent revelation that Soros intends to double the amount he spent in 2016 to try and prevent President Donald Trump from being re-elected, donating upwards of $40 million to a Democrat-aligned super PAC.

Share on facebook
Share to Facebook

Latest News