Open Society Foundations Shifts Focus to Combat Inequality

The Open Society Foundations, a major philanthropic organization backed by George Soros, is pivoting its focus to tackle global inequality. Senior Vice President Leonard Benardo emphasized the group's commitment to addressing inequality as a formidable threat to democracy. This adjustment marks a significant shift in their strategy.

Amidst internal reorganization and leadership changes, Alex Soros, George's son, now helms the foundation, guiding its targeted support for human rights organizations. The foundations are also expanding their efforts in Africa and the Global South, providing funding to bolster local economies and promote human rights.

Despite enduring criticism from political adversaries, the foundation continues to support diverse initiatives worldwide. The launch of 'The Ideas Letter' and new programs in Africa reflect their intent to encourage innovation and bolster participative societies. This follows a trend of distancing from European-focused programs as they reassess their global impact.

(With inputs from agencies.)