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Soros Transfers $18 Billion to Open Society Foundation – $80 Million to be Spent on Left Wing Activism This Year

Jacob Wohl



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George Soros, one of the world’s most well-known hedge fund managers and political money-men has just transferred nearly $18 Billion to his Open Society Foundation. 

The Open Society Foundation, which has received many awards from mainstream rankers of philanthropic organizations, has also come under fire for its far-left political activism in the United States, as well as other countries.

Source: Open Society Foundation via WSJ

Prior to the most recent infusion of cash from Soros’ personal wealth, the foundation has given at least $14 Billion across a wide range of initiatives.

Soros’ traditional investment style, which is credited with creating his massive wealth, revolves around making large, concentrated macro bets on equity, fixed income, currency and commodity markets. One such bet, which Soros Fund Management made shortly after the election, involved betting against US stocks, with the idea that a Trump Presidency would lead to a crash in the stock market. This bet was incorrect, and Soros cut his losses after losing about $1 Billion, according to Bloomberg.

By contrast, The Open Society Foundation plans to invest its capital, but with much less aggressive strategies that focus on canceling out inflation and preserving capital, rather than producing double-digit returns like Soros Fund Management, which has averaged an 11% return over the past decade.

Soros Fund Management has recently hired a new Chief Investment Officer, Dawn Fitzpatrick, who previously oversaw the trading of more than $500 Billion at UBS Asset Management.

A concerted campaign has taken hold in recent months to expose many of George Soros’ political activities, which are often shrouded in secrecy under the guise subsidiary “Social Welfare” foundations. Social Welfare 501(c)(4) organizations are not required to disclose the details of their activities to the public. This rule was put into place to protect the identities and safety of the people they work with, who are often in compromised situations.

George Soros has shifted the way he spends his time, which used to be mainly spent on running Soros Fund Management. These days, he very rarely visits the investment firm, which is headquartered in Manhattan, opting instead to have daily profit and loss statements emailed to him while he spends the majority of his time on the affairs of the foundation.

It was reported last week that Soros’ Open Society Foundation was near the top of the list of donors giving money to anti-Trump “Resistance” groups. Soros’ foundation contributed at least $1.75 million to “Resistance” groups, even as early as 2015, according to tax returns obtained by the Washington Free Beacon. Other foundations that gave to these groups alongside The Open Society Foundation included The Clinton Foundation, The W.K. Kellog Foundation, and The Ford Foundation.

According to the budget released by the Open Society Foundation, Soros plans to spend $80.3 million on “Democratic Practice”, $82.8 million on “Equality and Anti-Discrimination” and $12.8 million on “Cross-Thematic” philanthropy, all of which could include politically oriented spending.  Rather than working directly with the end-beneficiaries of their money, Soros’ Open Society Foundation typically gives grants to smaller foundations, which are able to work at the local level.







Jacob Wohl is the CEO and Head of Fixed Income and Interest Rates for Montgomery Assets, a proprietary trading and asset management firm based in Los Angeles, CA. Jacob Wohl is the host of the Offended America Podcast


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