The most significant share of the investment is $150 million, which will be via grants to black-led organizations focused on racial equality, the organization announced on Monday.
The Open Society Foundations added that donations aid the movement to “end policing as we know it.”
According to the Open Society Foundation’s statement:
“We are honored to be able to carry on the vital work of fighting for rights, dignity, and equity for oppressed people the world over started by our founder and chair, George Soros.”
Some of the organizations that will receive Soros’ grants are fighting to “defund the police” and “expand” voting rights.
- Black Voters Matter
- Circle for Justice Innovations
- Repairers of the Breach
- The Equal Justice Initiative
On top of the five-year grants, Open Society Foundations added it would also be investing $70 million in “more immediate efforts to advance racial justice.”
The foundation’s investments will also support efforts to fight voter suppression, and ensure safe election amid the coronavirus, like mail-in voting.