The Board of Directors of the Open Society Foundations has approved significant changes to the Foundations’ operating model and has instructed management to proceed with the work necessary to implement it over the coming months.
The changes are intended to maximize Open Society’s impact in helping to counter the forces currently threatening open and free societies. The Board expects that this new model will create a culture of “strategic opportunism” at the Foundations and among the grantees they support. This proposed new model would favor both longer-term “patient capital” approaches as well as tactical short-term needs.
Through this new model, the Board aims to transform operations across the global network, with the goal of generating a nimbler organization better able to build on past achievements and confront urgent and emerging challenges.
Meeting this mandate requires difficult decisions to be made. Open Society is committed to fulfilling its local requirements and obligations to its employees, their representatives, and all stakeholders to gain their input and enable the best possible outcomes.
While Open Society works on these internal changes, the Board remains firmly committed to the Foundations’ core priorities—democracy, human rights, climate justice, and addressing inequity.
The Board reiterates its commitment to a philanthropic operating model that ensures that every grant-making dollar is maximized.
-
Alexander Soros
Chair
-
Mark Malloch-Brown
President