SOROS ECONOMIC DEVELOPMENT FUND: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- SOROS ECONOMIC DEVELOPMENT FUND (EIN 13-3965896)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-12-17
- IRS object ID
- 202103519349100310
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Compensation Explanation
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-12-17T12:45:40-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8350 Broad Street Suite 900 | AddressLine1Txt |
| City | McLean | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133965896 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Soros Economic Development Fund | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JAMES BEAVER | InCareOfNm |
| Business Name Control | SORO | BusinessNameControlTxt |
| Phone | 2125480600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 224 West 57th St 9th floor | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James Beaver | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 2125476967 | PhoneNum |
| Signature | 2021-12-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | James | PersonFirstNm |
| Person Last | Beaver | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Margaret A Bradshaw | PreparerPersonNm |
| PTIN | P00501222 | PTIN |
| Phone | 7032868000 | PhoneNum |
| Preparation | 2021-12-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $134,958,782 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $62,425,000 | ContriRcvdRevAndExpnssAmt |
| Net Gain Sale Ast Rev And Expnss | -$2,429,926 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$9,911,172 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$777,804 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $50,083,902 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | -$777,804 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $827,902 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $827,902 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $181,719 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $181,719 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $775,106 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $799,506 | OtherProfFeesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | -$947,537 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $46,663 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $837,190 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,855,790 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,257,554 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,032,554 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,094,744 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,888,344 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $47,989,158 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $315,495 | CashBOYAmt |
| Cash EOY | $248,233 | CashEOYAmt |
| Cash EOYFMV | $248,233 | CashEOYFMVAmt |
| Acct Rcvbl | $188,448 | AcctRcvblAmt |
| Acct Rcvbl BOY | $256,862 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $188,448 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $188,448 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl | $39,973,485 | PledgesRcvblAmt |
| Pledges Rcvbl BOY | $10,452,011 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $39,973,485 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $39,973,485 | PledgesRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $97,539 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $68,508 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $68,508 | PrepaidExpensesEOYFMVAmt |
| Invst Land Cost Or Other Basis | $39,098 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $39,098 | InvstLandAccumDepreciationAmt |
| Other Assets BOY | $76,318,766 | OtherAssetsBOYAmt |
| Other Assets EOY | $94,480,108 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $94,480,108 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $87,440,673 | TotalAssetsBOYAmt |
| Total Assets EOY | $134,958,782 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $134,958,782 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $475,520 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $226,858 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $478,313 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $397,029 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $953,833 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $623,887 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $76,034,829 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $94,361,410 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $10,452,011 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $39,973,485 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $86,486,840 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $134,334,895 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $87,440,673 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $134,958,782 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $86,486,840 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $47,989,158 | ExcessRevenueOverExpensesAmt |
| Subtotal | $134,475,998 | SubtotalAmt |
| Other Decreases | $141,103 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $134,334,895 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | REALIZED GAIN/LOSS FROM PROGRAM RELATED INVESTMENTS | PropertyDesc |
| Cost Or Other Basis | $2,429,926 | CostOrOtherBasisAmt |
| Gain Or Loss | -$2,429,926 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$2,429,926 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$2,429,926 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$2,240,686 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $0 | SubtotalAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $21,549 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $21,549 | TotalPaymentsAndCreditsAmt |
| Overpayment | $21,549 | OverpaymentAmt |
| Applied To ES Tax | $21,549 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.SEDFNY.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES BEAVER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125476967 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 224 WEST 57TH ST 9TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Sean Hinton | ||||||||
| 224 West 57th St 9th floor | New York | NY | 10019 | CEO | 40.0 | $0 | $0 | $1,627 |
| Catherine Cax | ||||||||
| 224 West 57th St 9th floor | New York | NY | 10019 | Director of Investment | 40.0 | $0 | $0 | $1,627 |
| James Beaver | ||||||||
| 224 West 57th St 9th floor | New York | NY | 10019 | Treasurer | 40.0 | $0 | $0 | $1,627 |
| Maija Arbolino | ||||||||
| 224 West 57th St 9th floor | New York | NY | 10019 | Director | 1.0 | $0 | $0 | $1,627 |
| Gregory Taylor | ||||||||
| 224 West 57th St 9th floor | New York | NY | 10019 | Director | 1.0 | $0 | $0 | $1,627 |
| LEONARD BENARDO | ||||||||
| 224 West 57th St 9th floor | New York | NY | 10019 | DIRECTOR | 1.0 | $0 | $0 | $1,627 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd |
|---|---|---|---|---|---|---|---|---|---|
| Patterson Belknap Webb & Tyler | |||||||||
| 1133 Avenue Of The Americas | NEW YORK | NY | 100366710 | LEGAL FEES | $385,430 | ||||
| ROOTBRIDGE ACADEMY OF GIVING PRIVATE LTD | |||||||||
| CONSULTING | $241,187 | 4016TH CROSS OFF 8TH MAIN MALLES | BANGALORE | KARNATAKA | IN | ||||
| MICHEL MORES | |||||||||
| LEGAL FEES | $195,369 | 48 CHANCERY LANE | LONDON | UK | |||||
| KPMG LLP - DEPT 0511 | |||||||||
| PO BOX 120511 | DALLAS | TX | 753120511 | ACCOUNTING and Tax | $131,807 | ||||
| PRICEWATERHOUSECOOPERS LLP | |||||||||
| ACCOUNTING and TAX | $119,856 | 1 EMBANKMENT PLACE | LONDON | UK | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 5 | ContractorPaidOver50kCnt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | INSURESILIENCE INVESTMENT FUND:FUND INVESTS IN COMPANIES OF- FERING INSURANCE SOLUTIONS FOR WEATHER EVENTS & TECHNOLOGY PLATFORMS THAT ENABLE INSURANCE COMPANIES TO OFFER THESE INS | Description1Txt |
| Expenses1 | $5,822,837 | Expenses1Amt |
| Description2 | NOMOU JORDAN FUND:NOMOU JORDAN PROVIDES SME LOANS AND TECHNICAL ASSISTANCE VIA BUSINESS SUPPORT TO INVESTEES TO INCREASE OUTREACH TO REFUGEE OWNED AND/OR REFUGEE EMPLOYING | Description2Txt |
| Expenses2 | $5,040,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $22,235,690 | AllOtherProgramRltdInvstTotAmt |
| Total | $33,098,527 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,857,351 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,857,351 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,857,351 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $27,860 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,829,491 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $91,475 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $91,475 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $0 | TotalTaxAmt |
| Distributable Before Adj | $91,475 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $361,978 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $453,453 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $453,453 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,888,344 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $33,098,527 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $722,382 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $36,709,253 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $36,709,253 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $453,453 | DistributableAsAdjustedAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $5,695,253 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $1,245,394 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $16,968,660 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $71,786,177 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $95,695,484 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $36,709,253 | QualifyingDistributionsAmt |
| Applied To Current Year | $453,453 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $36,255,800 | RemainingDistriFromCorpusAmt |
| Total Corpus | $131,951,284 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $5,695,253 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $126,256,031 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $1,245,394 | ExcessFromYear3Amt |
| Excess From Year2 | $16,968,660 | ExcessFromYear2Amt |
| Excess From Year1 | $71,786,177 | ExcessFromYear1Amt |
| Excess From Current Year | $36,255,800 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd | Province Or StateRecipientForeignAddress/ProvinceOrStateNm |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NONPROFIT FINANCE FUN | |||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | PC | providing relief to the poor and distressed and underprivileged and eliminating prejudice and discrimination by supporting grantee's establishment. | $400,000 | |||||
| AVON MUTUAL LTD | |||||||||||
| NC | To provide relief to the poor and distressed and underprivileged by funding the establishment of a cooperative banking business | $243,777 | OFFICE 310 SETSQUARED | ENGLAND SHED STATION APPROACH | UK | 00000 | |||||
| SOUTH WEST MUTUAL LTD | |||||||||||
| NC | To provide relief to the poor and distressed and underprivileged by funding the establishment of a cooperative banking business | $243,777 | BROADWALK HOUSE SOUTHERNHAY | UK | 00000 | WEST, EXETER Devo | |||||
| GLOBAL IMPACT INVESTING NETWORK | |||||||||||
| ONE BATTERY PARK PLAZA SUITE 202 | NEW YORK | NY | 10004 | PC | to establish a platform of collaboration to coordinate the actions of impact investors in responding to the Covid-19 crisis. (the platform initiative) | $95,000 | |||||
| PEARL CAPITAL PARTNERS | |||||||||||
| NC | The purpose of the grant is to provide relief to the poor and distressed (specifically, small holder farmers). | $50,000 | PLOT M697 EQUATA BUILDING 2ND FL | LUGOGO KAMPALA | UG | 00000 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,032,554 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp | |
| Div And Int From Sec Part VII | DivAndIntFromSecPartVIIGrp | |
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$2,429,926 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|---|
| LOSS ON FOREIGN CURRENCY TRANSACTIONS | 01 | $48,889 | |
| LOSS ON PRIS UNDER EQUITY METHOD OF ACCOUNTING | -$10,437,064 | ||
| PRI INVESTMENT INCOME | $419,289 | ||
| OTHER INCOME | 01 | $42,240 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$2,338,797 | ExclusionAmt |
| Related Or Exempt Function Incm | -$10,017,775 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$12,356,572 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 11 | $-10,437,064 REPRESENTS INCOME/(LOSS) FROM PROGRAM-RELATED INVESTMENTS USING THE EQUITY METHOD OF ACCOUNTING. |
| 11 | $419,289 REPRESENTS INVESTMENT INCOME FROM PROGRAM-RELATED INVESTMENTS (PRIS). $158,600 FROM PROGRAM-RELATED INVESTMENTS, $71,449 FROM PRI LOANS INTEREST INCOME, AND $189,240 FROM DIVIDEND INCOME. |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Foundation to Promote Open Society | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 224 WEST 57TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $62,425,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $181,719 | Amt |
| Disbursements Charitable Prps | $181,719 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp (21 entries)
| DescDesc | AmtAmt |
|---|---|
| CEPHEUS GROWTH CAPITAL PARTNERS: HELPS TO HARNESS ETHIOPIA'S RAPID GROWTH AND SUPPORT THE SCALE UP OF EMERGING COMPANIES IN WAYS THAT ARE MORE INCLUSIVE AND WITH MORE EQUITABLE GAIN | $2,299,350 |
| PCP UGANDA YIELD FUND: TO ENABLE AGRIBUSINESS AND SMES TO BETTER SERVE SMALLHOLDER FARMERS BY PROVIDING PRODUCTS AND SERVICES THAT ENABLE THE FARMERS TO ACCESS MARKETS. | $361,993 |
| ACCION VENTURE LAB: AIMS TO DIRECTLY IMPACT THE LIVES OF MILLIONS OF LOW-INCOME HOUSEHOLDS AND MICRO-BUSINESSES THAT ARE CURRENTLY UN-/UNDER-BANKED. | $606,240 |
| EMERGING MEDIA OPPORTUNITY FUND: INVESTS IN INDEPENDENT NEWS MEDIA COMPANIES IN SELECT EMERGING AND FRONTIER MARKETS. | $994,817 |
| ALITHEIA IDF FUND LP:THE FUND INVESTS IN SMES THAT PRESENT AN OPPORTUNITY TO ADVANCE GENDER-DIVERSITY AND IMPACT WOMEN THROUGH THEIR PRODUCTS, SERVICES, SUPPLY CHAINS AND HIRING. | $653,894 |
| BHARAT INCLUSIVE TECH FUND: DECREASES SERVICES COSTS FOR BOTTOM OF THE PYRAMID CUSTOMERS. THE FUND FOCUSES ON EARLY STAGE COMPANIES LOOKING TO SERVE THESE CUSTOMERS IN AREAS | $934,042 |
| WORKING CAPITAL INVESTMENT FUND, LP: EARLY STAGE INVESTMENT VEHICLE WITH A PRIMARY OBJECTIVE TO CATALYZE RAPID CHANGE IN THE WAY IN WHICH MULTINATIONAL CORPORATIONS UNDERSTAND AND | $529,167 |
| MDIF MEDIA FINANCE I B.V.: MAKES LOANS TO IND. NEWS MEDIA COMPANIES IN SELECT EMERGING & FRONTIER MKTS. TIMELY, ACCUR- ATE INFO. IS CRITICAL TO FREE SOCIETIES & EQUITABLE ECON DEV | $922,188 |
| MIDDLE EAST VENTURE: INVESTMENT TO PROMOTE TECHNOLOGICAL ADVANCEMENTS AND DEVELOPMENT IN THE WEST BANK AND GAZA STRIP, SPUR ECONOMIC GROWTH, JOB CREATION AND INNOVATION. | $121,000 |
| ACUMEN RESILIENT AGRICULTURE FUND: INVESTS IN PIONEERING AND EARLY-GROWTH STAGE INNOVATIVE AGRIBUSINESSES THAT ENHANCE THE CLIMATE RESILIENCE OF SMALLHOLDER FARMERS. | $1,701,538 |
| INJARO WEST AFRICA: INVESTMENT TO ENSURE SMALL-SCALE FARMERS HAVE AFFORDABLE, TIMELY & RELIABLE ACCESS TO IMPROVED SEED AND PLANTING MATERIALS IN WEST AFRICA. | $88,617 |
| SONG INV CO: INVESTMENT FOR THE PURPOSE OF INCREASING ECONOMIC OPPORTUNITIES AND JOB CREATION FOR LOW INCOME PERSONS IN DISTRESSED COMMUNITIES IN INDIA. | $55,412 |
| EIP LEVANT SICAV PLC:THE FUND INVESTS IN SMES WITH A FOCUS ON ESSENTIAL SERVICES, EXPORT ORIENTED BUSINESSES AND PRODUCTIVE SECTORS IN LEBANNON. BY CREATING EMPLOYMENT | $309,243 |
| ILLUMEN CAPITAL IS A FUND OF FUNDS THAT DELIVERS LONG-TERM, UNIQUELY TAILORED RACIAL AND GENDER BIAS REDUCTION COACHING TO US-BASED IMPACT-ORIENTED PE/VC FUND MANAGERS | $992,689 |
| IPDEV II: A HOLDING COMPANY PROVIDING CAPITAL TO SMES IN COUNTRIE WITH HIGH POVERTY LEVELS AND UNEMPLOYMENT RATES AND LOW AGRICULTURAL PRODUCTIVITY IN ORDER TO SUPPORT JOB CREATE | $243,713 |
| WWB CAPITAL PARTNERS II, LP:THE FUND INVESTS IN FEMALE-FOCUS FINANCIAL SERVICES COMPANIES IN EMERGING MARKETS. WWB WILL CONDUCT GENDER ASSESSMENTS TO DRIVE GENDER PARTICIPATION TO | $655,592 |
| CADENCE HEALTH:CADENCE IS A US PHARMA COMPANY FOUNDED IN 2014;CONVERTED INTO A PUBLIC BENEFIT CORPORATION. IT IS ATT- EMPTING TO SHIFT THE WOMEN'S REPRODUCTIVE HEALTH LANDSCAPE | $2,500,000 |
| HALA SYSTEMS:HALA SYSTEMS IS A TECHNOLOGY COMPANY THAT AIMS TO SAVE CIVILIAN LIVES IN CONFLICT ZONES, MONITOR VIOLENCE, AND BRING ACCOUNTABILITY FOR WAR CRIMES. | $1,250,000 |
| ROOTBRIDGE SERVICES PRIVATE LTD:ROOTBRIDGE PROVIDES RETAIL FUNDRAISING SERVICES FOR SMALL AND LARGE INDIAN NGOS, PRIMARILY IN THE FORM OF SECURING RECURRING DONATIONS | $754,288 |
| UNIVERCELLS S.A.: AN INNOVATIVE BIO-MANUFACTURING PRO- VIDER FOCUSED ON INCREASING THE AVAILABILITY OF AFFORDABLE BIOLOGICS. UNIVERCELLS DISTRIBUTED MANUFACTURING MODEL WILL | $3,659,517 |
| GLOBAL ACCESS DIAGNOSTICS: GAD IS A NON-PROFIT FOUNDED IN APRIL '20 TO MANUFACTURE DIAGNOSTICS DEVELOPED BY MOLOGIC, A UK COMPANY SPECIALIZED IN R&D OF LATERAL FLOW RAPID DIAGNO | $2,602,390 |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (6 entries)
| Short ExplanationShortExplanationTxt |
|---|
| Sean Hinton |
| EMPLOYED AND PAID BY THE OPEN SOCIETY INSTITUTE (OSI). SEE EXHIBIT 1 FOR FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI. |
| Catherine Cax |
| EMPLOYED AND PAID BY THE OPEN SOCIETY INSTITUTE (OSI). SEE EXHIBIT 1 FOR FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI. |
| James Beaver |
| EMPLOYED AND PAID BY THE OPEN SOCIETY INSTITUTE (OSI). SEE EXHIBIT 1 FOR FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI. |
| Maija Arbolino |
| EMPLOYED AND PAID BY THE OPEN SOCIETY INSTITUTE (OSI). SEE EXHIBIT 1 FOR FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI. |
| Gregory Taylor |
| EMPLOYED AND PAID BY THE OPEN SOCIETY INSTITUTE (OSI). SEE EXHIBIT 1 FOR FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI. |
| LEONARD BENARDO |
| FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI. |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (36 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | GrantGrantDt | Province Or StateForeignAddress/ProvinceOrStateNm |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accion Venture Lab | ||||||||||||||
| 10 Fawcett Street Suite 204 | Cambridge | MA | 02138 | $3,000,000 | Accion Venture Lab is a fund that aims to directly impa | $606,240 | NO | 5/7/21 | ||||||
| Acumen Resilient Agriculture Fund | ||||||||||||||
| 40 Worth St Suite 303 | New York | NY | 10013 | $5,000,000 | Acumen Resilient Agriculture Fund invests in pioneering | $1,701,538 | NO | 04/29/21 | ||||||
| Alitheia IDF Fund | ||||||||||||||
| $10,000,000 | The Fund invests in SMEs that present an opportunity to | $653,894 | NO | 4/8/21 | 6th Floor Tower A | CyberCity | MP | 72201 | 2020-04-03 | |||||
| Bharat Inclusive Technologies Seed Holdi | ||||||||||||||
| $5,000,000 | Bharat Inclusive Tech Fund is designed to decrease serv | $934,042 | NO | 2/14/21 | IFS Court Bank Street 28 | Cybercity | MP | 2019-04-25 | Ebene | |||||
| Cepheus Growth Capital Partners | ||||||||||||||
| $10,000,000 | helping to harness Ethiopia's rapid growth and support in ways that are more inclusive and with more | $2,299,350 | NO | 7/2/21 | 6th Floor Tower A | Cybercity | MP | 2019-09-30 | Ebene | |||||
| Emerging Media Opportunity Fund I | ||||||||||||||
| 37 West 20th Street Suite 801 | New York | NY | 10011 | $5,000,000 | independent news media companies in select emerging and frontier mkts. Timely, accurate info. is crit | $994,817 | NO | 5/31/21 | 2017-01-18 | |||||
| Ignia Fund LLP | ||||||||||||||
| $5,000,000 | to alleviate poverty and community deterioration in Mexico by investing in commercial enterprises | $0 | NO | 1/28/21 | Av Ricardo Margin 575 | Parque Corporativo Santa Engracia | MX | 66267 | 2013-01-23 | San Pedro Garza G | ||||
| Illumen Capital | ||||||||||||||
| 7315 Wisconsin Avenue Suite 250E | Bethesda | MD | 20814 | $5,000,000 | delivers long-term, uniquely tailored racial and gender bias reduction coaching to PE,VC fund manager | $992,688 | NO | 5/26/21 | 2020-10-15 | |||||
| Injaro West Africa Agricultural Investme | ||||||||||||||
| $5,000,000 | advancing the social objectives of alleviating poverty & revitalizing distressed regions in W.Africa | $88,617 | NO | 6/9/21 | 24 Dr Joseph Riviere Street | Port Louis | MP | 2013-04-24 | ||||||
| InsuResilience Investment Fund | ||||||||||||||
| $10,400,000 | improve the resilience of low-income vulnerable house- holds & Micro SMEs from extreme weather event | $5,822,837 | NO | 6/21/21 | 2 rue d Alsace L-1122 | Grand Duchy of Luxembourg | LU | 2020-06-18 | ||||||
| IPDEV II (A cell of Investisseur & Parte | ||||||||||||||
| $5,000,000 | provides capital to SMEs in countries with high poverty and unemployment rates and low agriculture | $243,713 | NO | 7/30/21 | 5 President John Kennedy St | Port Louis | MP | 2018-10-16 | ||||||
| LeapFrog Financial Inclusion Fund | ||||||||||||||
| $7,000,000 | to create social impact globally by providing access to quality microinsurance products | $0 | NO | 3/3/21 | 18N FR FELIX VAL ST 4 F UNIC CTR | PORT LOUIS | MP | 2013-02-13 | ||||||
| Middle East Venture Capital Fund | ||||||||||||||
| $5,000,000 | providing seed and early-stage financing to SMEs and create jobs within Palestinian Territories | $121,000 | NO | 4/5/21 | 13 Zarhin St Bldg B 1st Floor | Raanana | IS | Israel | 2013-03-22 | |||||
| Nomou Jordan Fund | ||||||||||||||
| $8,500,000 | SME loans & technical assistance via business support to investees to increase outreach to refugees | $5,040,000 | NO | 2/15/21 | Block 9 Black River Road | Bambous | MP | 90203 | 2018-10-25 | |||||
| PCP Uganda Yield Fund | ||||||||||||||
| $4,400,000 | enable agribusiness & SMEs to better serve smallholder farmers by providing products and services | $159,210 | NO | 2/26/21 | Plot M697 Equata Building 2nd fl | Lugogo | UG | 2019-07-02 | Kampala | |||||
| Siraj Palestine Fund | ||||||||||||||
| $7,000,000 | provide seed & early-stage financing to SMEs located in distressed regions of Palestinian Territories | $0 | NO | 3/29/21 | UGLAND HOUSE PO BOX 309 | CJ | KY1-1104 | 2013-08-09 | ||||||
| SONG Investment Management Company | ||||||||||||||
| $24,000 | provide non-binding investment advice & recommendations to SONG about investments in SMEs in India | $0 | NO | 3/18/21 | Level 3 Alexander House 35 | Cybercity | MP | 2008-12-17 | Ebene | |||||
| SONG Investment Company | ||||||||||||||
| $6,000,000 | increasing economic opportunities and job creation for low-income persons in India, revitalize comm. | $0 | NO | 3/18/21 | Level 3 Alexander House 35 | Cybercity | MP | 2013-03-22 | Ebene | |||||
| Working Capital The Supply Chain Innov | ||||||||||||||
| $3,000,000 | reducing the space for the most severe forms of labor exploitation to occur | $529,167 | NO | 5/12/21 | 2018-03-27 | |||||||||
| WWB Capital Partners II LP | ||||||||||||||
| 122 East 42nd Street 42nd Floor | New York | NY | 10168 | $5,000,000 | invests in female-focused financial services companies in Emerging Markets | $655,591 | NO | 2/16/21 | 2020-08-25 | |||||
| Cadence Health Inc | ||||||||||||||
| 405 14th Street 200 | Oakland | CA | 94612 | $5,000,000 | public benefit corp, its vision is to make safe birth control widely available at affordable prices | $2,500,000 | NO | 1/19/21 | 2020-06-02 | |||||
| Capfloat Financial Services Private Ltd | ||||||||||||||
| $27,070,603 | provides small businesses & single household entrepre- neurs with short-term working capital finance | $0 | NO | 3/18/21 | Upper Palace Orchards Bellary Road | Sadashivnagar | IN | 560080 | 2019-08-16 | Bangalore | ||||
| Hala Systems Inc | ||||||||||||||
| $2,000,000 | aims to save civilian lives in conflict zones, monitor violence & bring accountability for war crime | $1,250,000 | NO | 5/17/21 | Rua Duque de Palmela n 27 1 esq | Lisboa | PO | 1250-097 | 2020-03-19 | |||||
| Juhudi Kilimo | ||||||||||||||
| $2,278,857 | provides asset-based financing to smallholder farmers & rural small and medium enterprises in Kenya | $0 | NO | 3/31/21 | 7th Floor K-Rep Centre Wood Avenue | Kilimani | KE | 00100 | 2013-01-23 | Nairobi | ||||
| Univercells SA | ||||||||||||||
| $5,900,000 | Bio-manufacturing provider focused on increasing the availability of affordable biologics. | $3,659,517 | NO | 6/1/21 | Rue Auguste Piccard 48 | Gosselies | BE | 6041 | 2020-12-10 | |||||
| Union Trust Bank | ||||||||||||||
| $1,939,443 | economic opportunities & job creation for low-income persons and to revitalize communities | $0 | NO | 6/13/18 | Lightfoot Boston Street | Freetown | SL | 2009-11-18 | ||||||
| GADCO Cooperatief UA | ||||||||||||||
| $482,661 | Copa Connect program, whereby inputs, equipment & tech- nical assistance provided to small farmers | $0 | NO | 10/9/19 | 2014-02-19 | |||||||||
| Global Access Diagnostics | ||||||||||||||
| $2,602,390 | manufactures Rapid Diagnostic tests for Low and Middle Income Countries at affordable prices. | $2,602,390 | NO | 3/17/21 | Bedford Technology Park Thurleigh | Bedfordshire | UK | MK44 2YA | 2020-10-14 | |||||
| MDIF Media Finance I BV | ||||||||||||||
| 37 W 20th St Ste 801 | New York | NY | 10011 | $1,900,000 | loans to independent news media companies in select emerging and frontier markets | $427,718 | NO | 2/15/21 | 2016-11-01 | |||||
| New Hampshire Community Loan Fund | ||||||||||||||
| 7 Wall St | Concord | NH | 28025 | $7,500,000 | provides investment capital & technical to finance affordable housing, child care facilities | $7,500,000 | NO | 5/1/21 | 2019-07-01 | |||||
| Real People Investment Holdings Limited | ||||||||||||||
| $4,785,382 | is a South African company providing a range of lending products to individuals and SME. | $0 | NO | 3/30/21 | 160 Jan Smuts Ave | Rosebank | SF | 2195 | 2015-01-20 | |||||
| Select Africa Finance Limited | ||||||||||||||
| $3,000,000 | loans to employees of the Kenyan Government, or other low-income persons who are non or underbanked | $0 | NO | 6/22/21 | Ebene Heights | Cybercity | MP | 2017-05-19 | Ebene | |||||
| Foundation to Promote Open Society | ||||||||||||||
| 224 West 57th Street | NEW York | NY | 10019 | $288,889,046 | endowment grant within the meaning of treasury regulations Section 53.4945-5(c)(2) | $288,889,046 | NO | 10/12/21 | 2014-10-31 | |||||
| Avon Mutual LTD | ||||||||||||||
| $243,777 | relief to the poor & distressed & underprivileged by fu nding the estab. of a coop. banking business | $243,777 | NO | 3/11/21 | Office 310 SetSquared England She | Bristol | UK | BS1 6QH | 2020-03-17 | Avon | ||||
| Southwest Mutual LTD | ||||||||||||||
| $243,777 | relief to the poor & distressed & underprivileged by fu nding the estab. of a coop. banking business | $243,777 | NO | 3/11/21 | Broadwalk House Southernhay West | Exeter | UK | 2020-03-17 | Devon | |||||
| Pearl Capital Partners | ||||||||||||||
| $50,000 | provide relief to the poor and distressed (specifically smallholder farmers) | $50,000 | NO | 2/26/21 | Plot M697 Equata Building 2nd fl | Lugogo | UG | 2020-09-03 | Kampala | |||||
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| EXHIBIT 1 | Part VIII, Officers, Directors, and Trustees - EXHIBIT 1 | Soros Economic Development Fund ("SEDF") has an agreement with Open Society Institute ("OSI"), whereby SEDF agreed to pay for certain services to be provided by OSI. During 2017, SEDF entered into an agreement with OSI, whereby SEDF transferred their employees to OSI. In addition, OSI agreed to make an in-kind contribution to SEDF for certain services to be provided by OSI. Pursuant to the agreement, OSI maintains on its payroll and benefit plans certain employees who provide services to SEDF. |
| Section 332 | Section 332 | (1) Liquidating Corporation: The outstanding shares of Aspada Investment Advisors Pvt Ltd., a company organized under the laws of India, was 99% owned by Soros Economic Development Fund, 13-3965896, a company organized under the laws of the United States. On August 2, 2019 Aspada Investment Advisors Pvt Ltd., liquidated under Section 332 and the regulations thereunder. (2) Dates of Distributions: There were no distributions made by Aspada Investment Advisors Pvt Ltd. during the tax year other than the liquidation. (3) Aggregate Fair Market Value and Basis: 100% of Aspada Investment Advisors Pvt Ltd.'s assets and liabilities were deemed to have been distributed to Soros Economic Development Fund in complete liquidation of Aspada Investment Advisors Pvt Ltd. (4) There were no private letter rulings issued by the Internal Revenue Service in connection with the liquidation. (5) The plan of complete liquidation was adopted and completed on August 2nd, 2019. |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $827,902 | LegalFeesAmt |
| Disbursements Charitable Prps | $827,902 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (40 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ASPADA INVESTMENT COMPANY | $11,249,564 | $15,035,761 | $15,035,761 |
| PROGRAM RELATED INVESTMENTS: | |||
| ACCION VENTURE LAB, L.P. | $1,240,044 | $3,018,645 | $3,018,645 |
| ACUMEN RESILIENT AGRI. FUND | $2,068 | $1,420,798 | $1,420,798 |
| ALITHEIA IDF FUND LP | $0 | $319,029 | $319,029 |
| BHARAT INCLUSIVE TECH FUND | $546,000 | $2,027,386 | $2,027,386 |
| CEPHEUS GROWTH CAPITAL PTRS | $1,337,498 | $3,240,271 | $3,240,271 |
| EMERGING MEDIA OPP FUND LP | $3,717,861 | $4,681,808 | $4,681,808 |
| IGNIA FUND I, L.P. | $1,915,961 | $1,031,843 | $1,031,843 |
| ILLUMEN CAPITAL | $0 | $890,072 | $890,072 |
| INSURESILIENCE INVESTMENT FUND | $0 | $4,267,923 | $4,267,923 |
| IPDEV II | $0 | $788,035 | $788,035 |
| WWB CAPITAL PARTNERS | $0 | $576,191 | $576,191 |
| INJARO WEST AFRICA | $1,067,418 | $791,846 | $791,846 |
| SONG INV COM. CLASS A SHARES | $2,832,145 | $3,000,371 | $3,000,371 |
| LEAPFROG FIN INCLUSION FUND | $1,075,000 | $463,334 | $463,334 |
| MIDDLE EAST VENTURE CAP FUND | $2,111,625 | $854,443 | $854,443 |
| SIRAJ PALESTINE FUND I, LP | $3,983,595 | $1,724,108 | $1,724,108 |
| INVESTISSEURE & PARTENAIRES | $594,300 | $0 | $0 |
| NOMOU JORDAN FUND LLC | $1,266,211 | $5,961,441 | $5,961,441 |
| PCP UGANDA YIELD FUND | $974,167 | $999,817 | $999,817 |
| WORKING CAP INNOVATION FUND LP | $1,013,657 | $1,602,559 | $1,602,559 |
| EQUITY INVESTMENT: | |||
| CADENCE HEALTH INC | $0 | $2,500,000 | $2,500,000 |
| HALA SYSTEMS | $0 | $1,250,000 | $1,250,000 |
| ROOTBRIDGE SVCS PRIVATE LTD | $0 | $319,552 | $319,552 |
| CAPITAL FLOAT | $27,070,603 | $18,000,000 | $18,000,000 |
| JUHUDI KILIMO | $1,852,564 | $1,855,115 | $1,855,115 |
| SONG INVESTMENT MMGT COMPANY | $27,075 | $27,075 | $27,075 |
| UNIVERCELLS | $0 | $3,684,730 | $3,684,730 |
| UNION TRUST BANK LTD. | $755,668 | $736,658 | $736,658 |
| DEPOSITS: | |||
| GLOBAL AGRI-DEVT COMPANY | $482,661 | $0 | $0 |
| MDIF MEDIA FINANCE I B.V. | $977,812 | $1,651,056 | $1,651,056 |
| MEDIA DEVELOPMENT INVT FUND | $2,000,000 | $0 | $0 |
| NEW HAMPSHIRE COMM LOAN FUND | $7,500,000 | $7,500,000 | $7,500,000 |
| REAL PEOPLE INVT HOLDINGS | $3,818,410 | $3,651,520 | $3,651,520 |
| SELECT AFRICA | $2,996,500 | $2,996,500 | $2,996,500 |
| GLOBAL ACCESS DIAGNOSTICS | $0 | $2,715,450 | $2,715,450 |
| ALLOWANCE FOR EST. LOSSES | -$6,089,641 | -$5,103,229 | -$5,103,229 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FOREIGN CURRENCY TRANSLATION LOSSES | Desc |
| Amt | $141,103 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| TELECOMMUNICATIONS | $3,335 | $0 | $0 | $3,335 |
| DUES AND FEES | $20,000 | $0 | $0 | $20,000 |
| BK CHGS AND LTR OF CREDIT | $4,130 | $0 | $0 | $3,056 |
| LIABILITY INSURANCE | $11,391 | $0 | $0 | $20,247 |
| NY CHARITABLE REG. FEES | $25 | $0 | $0 | $25 |
| OTHER EXPENSES - PROVISION | ||||
| FOR LOANS - PRI | -$986,418 | $0 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Gain ON FOREIGN CURRENCY TRANSACTIONS | $48,889 | $0 | $0 |
| LOSS ON PRIS UNDER EQUITY METHOD OF ACCT | -$10,437,064 | $0 | $0 |
| PRI Investment Income | $419,289 | $419,289 | $0 |
| Other Income | $42,240 | $0 | $0 |
| Partnership Loss | $0 | -$1,197,093 | $0 |
| Federal Excise Taxes | $15,474 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DUE TO AFFILIATE | $8,698 | $916 |
| DUE TO NON-AFFILIATES | $42,240 | $0 |
| ACCRUED POST RETIREMENT MEDICAL | $427,375 | $396,112 |
| EMPLOYEE PAYABLES | $0 | $1 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING FEES/SRVC AGREEMENT | CategoryTxt |
| Amt | $775,106 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $799,506 | DisbursementsCharitablePrpsAmt |