Soros Foundation Cuts EU Funding as Nationalist Groups Surge
- In 2021, OSF gave out $209 million in Europe and Central Asia
- Right-wing EU governments increasingly financing civil society
George Soros
Photographer: Fabrice Coffrini/AFP/Getty ImagesThis article is for subscribers only.
The decision by George Soros’s massive philanthropy to cut funding to European Union-based initiatives deals a significant blow to liberal democratic institutions as nationalist and populist forces surge across the continent.
Open Society Foundations, which controls most of the assets in Soros’s $25 billion family office, is preparing for a “radical shift” that will largely terminate funding in the EU and switch focus to areas outside the 27-member bloc, according to a letter sent to grantees that was seen by Bloomberg this week.