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Soros Economic Development Fund is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1994. The principal officer is % James Beaver. It holds total assets of $174.9M. Annual income is reported at $-17,706,405. The foundation operates in the area of philanthropy & grantmaking. According to available records, Soros Economic Development Fund has made 17 grants totaling $3.7M, with a median grant of $175K. Annual giving has grown from $1M in 2020 to $1.6M in 2022. Individual grants have ranged from $30K to $500K, with an average award of $218K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in New York, Delaware, California, which account for 35% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Soros Economic Development Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in NY, DE, CA.
Soros Economic Development Fund has distributed a total of $3.7M across 17 grants. The median grant size is $175K, with an average of $218K. Individual grants have ranged from $30K to $500K.
Soros Economic Development Fund typically selects its grantees rather than accepting unsolicited proposals.
Soros Economic Development Fund is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James Beaver | TREASURER | $0 | $0 | $0 |
| Maija Arbolino | DIRECTOR | $0 | $0 | $0 |
| Georgia Keohane | CEO | $0 | $0 | $0 |
| Catherine Cax | DIRECTOR OF INVESTMENT | $0 | $0 | $0 |
| Nicole Stallworth | SECRETARY | $0 | $0 | $0 |
Total Giving
$8.5M
Total Assets
$209.7M
Fair Market Value
$209.7M
Net Worth
$207.5M
Grants Paid
$2.7M
Contributions
$55.4M
Net Investment Income
$0
Distribution Amount
$3M
Total Grants
17
Total Giving
$3.7M
Average Grant
$218K
Median Grant
$175K
Unique Recipients
15
Most Common Grant
$95K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hala Systems IncTO DEFEND HUMAN RIGHTS AND PROVIDE RELIEF FOR THE DISTRESSED | Wilmington, DE | $500K | 2022 |
| Media Development Investment FundTO SUPPORT INDEPENDENT MEDIA COMPANIES THAT PROVIDE TIMELY, ACCURATE, AND RELEVANT NEWS, INFORMATION AND DEBATE THAT PEOPLE NEED TO BUILD MORE OPEN, EQUITABLE AND FREE THRIVING SOCIETIES | New York, NY | $420K | 2022 |
| Global Access HealthTO PROVIDE RELIEF TO THE POOR AND DISTRESSED BY IMPROVING AFFORDABLE AND EQUITABLE ACCESS TO QUALITY DIAGNOSTICS IN LOWER AND MIDDLE INCOME COUNTRIES ("LMICS"), AND FILLING DIAGNOSTIC GAPS FOR EMERGING THREATS, INCLUDING PANDEMIC PREPAREDNESS AND GLOBAL HEALTH SECURITY IN LMICS | London | $400K | 2022 |
| Liker Land IncTO SUPPORT THE DEVELOPMENT OF THE INFRASTRUCTURE FOR A MORE ROBUST ECOSYSTEM FOR INDEPENDENT MEDIA | Middletown, DE | $250K | 2022 |
Other foundations that have funded Soros Economic Development Fund.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Foundation To Promote Open Society | $10.2M | 2022 | TO SUPPORT GRANTEE'S PROGRAM RELATED INVESTMENT ACTIVITIES |
| Foundation To Promote Open Society | $10.2M | 2022 | TO SUPPORT GRANTEE'S PROGRAM RELATED INVESTMENT ACTIVITIES |
| Leonard Benardo |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| Aswegrow LimitedTO PROVIDE FUNDING FOR THE PROFESSIONAL DEVELOPMENT OF DISADVANTAGED TEACHERS BY CREATING A REVENUE GENERATING LEARNING PLATFORM THAT WILL PROVIDE A BLUEPRINT ON EFFECTIVE BLENDED EDUCATION AT SCHOOL LEVEL, AND IMPROVE THE EFFECTIVENESS OF THE GRANTEES AIM TO ALLEVIATE POVERTY FOR DISADVANTAGED POPULATIONS IN THE LONG RUN | Aberdeen | $55K | 2022 |
| 50breakthroughs FoundationTo provide bridge funding to close Oxygen Hub's funding gap in its operating and capital expenditures related to the unexpected delays in (i) setting up three (3) medical oxygen plants in Nigeria, Kenya and Ethiopia, and (ii) raising an equity investment round (the "Initiative") | Oakland, CA | $300K | 2021 |
| Avon Mutual LtdTo provide relief to the poor and distressed and underprivileged by funding the establishment of a cooperative banking business | England Shed Station Approach | $175K | 2021 |
| Southwest Mutual LtdTo provide relief to the poor and distressed and underprivileged by funding the establishment of a cooperative banking business | Exeter Devon | $175K | 2021 |
| International Development Research Centre (Idrc)To provide funding for the grantee's research initiative titled Building Alliances to Transform the Care Economy in the Global South through Impact Investing | Ottawa | $150K | 2021 |
| Hopewell FundTo provide relief to the poor and distressed and underprivileged by funding the establishment of a cooperative banking business in Southwest England that aims to increase the accessibility of banking services for low-income, under banked or un-banked populations, with a particular focus on Low Income Pensioners and Underserved Adults and certain neighborhoods that are among the most deprived according to the UK Indices of Multiple Deprivation | Washington, DC | $125K | 2021 |
| Symplifica LlcTo support the implementation of internal diversity, equity and inclusion ("DEI") initiatives | Bogota | $30K | 2021 |
| Nonprofit Finance Funproviding relief to the poor and distressed and underprivileged and eliminating prejudice and discrimination by supporting grantee's establishment. | New York, NY | $400K | 2020 |
| South West Mutual LtdTo provide relief to the poor and distressed and underprivileged by funding the establishment of a cooperative banking business | — | $244K | 2020 |
| Global Impact Investing Networkto establish a platform of collaboration to coordinate the actions of impact investors in responding to the Covid-19 crisis. (the platform initiative) | New York, NY | $95K | 2020 |
| Pearl Capital PartnersThe purpose of the grant is to provide relief to the poor and distressed (specifically, small holder farmers). | Lugogo Kampala | $50K | 2020 |
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