Open Society Foundations | American organization | Britannica

…the board of directors for Open Society Foundations, the family’s philanthropic arm. In December 2022 the board elected him as its chair, replacing his aging father. In June 2023 a spokesperson for George Soros announced that he would hand control of his holdings to the younger Soros.

…his profits to create the Open Society Foundations, a philanthropic organization that included a network of foundations. Much of the initial work focused on eastern Europe—starting with Hungary, where he awarded scholarships, provided technical assistance, and helped modernize schools and businesses. Even though Hungary was still a communist state, Soros…