Open Society Foundation
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| Founded | April 1993 |
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| Founder | George Soros |
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Key people
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George Soros, Chairman Christopher Stone, President Jonathan Soros, Global Advisory Board Member |
| Endowment | $1,590,570,302 |
| Website | opensocietyfoundations |
Open Society Foundations (OSF), formerly the Open Society Institute, is an international grantmaking network founded by business magnate George Soros. Open Society Foundations financially support civil society groups around the world, with a stated aim of advancing justice, education, public health and independent media.
The OSF has branches in 37 countries, encompassing a group of country and regional foundations, such as the Open Society Initiative for West Africa, and the Open Society Initiative for Southern Africa; its headquarters are in New York, New York.
Since its founding in 1993, OSF has reported expenditures of over $11 billion. The group's name is inspired by Karl Popper's 1945 book The Open Society and Its Enemies.
On May 28, 1984, Soros signed a contract between the Soros Foundation (New York) and the Hungarian Academy of Sciences, the founding document of the Soros Foundation Budapest. This was followed by several foundations in the region to help countries move away from communism.
In 1991 the foundation merged with the Fondation pour une Entraide Intellectuelle Européenne, an affiliate of the Congress for Cultural Freedom, created in 1966 to imbue 'non-conformist' Eastern European scientists with anti-totalitarian and capitalist ideas.
Open Society Institute was created in the United States in 1993 to support the Soros foundations in Central and Eastern Europe and the former Soviet Union.
In August 2010, it started using the name of Open Society Foundations (OSF) to better reflect its role as a funder for civil society groups around the world.
Soros believes there can be no absolute answers to political questions because the same principle of reflexivity applies as in financial markets.
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