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Soros Economic Development Fund

Profile

Last Updated: 2016-06-06

At A Glance

Soros Economic Development Fund

1700 Broadway, 17th Fl.

New York City, NY United States 10019-1105

URL: www.sedfny.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Non-grantmaker

Financial Data

(yr. ended 2014-12-31)

Assets: $67,397,878

Total giving: $288,964,046

EIN

133965896

BRIDGE Number

2463430359

Background

Classified as an operating foundation in 1997 in NY

Purpose and Activities

The fund’s mission is to alleviate poverty and community deterioration. It does this by making investments in the form of equity, loans, guarantees and deposits in selected banks, microfinance institutions, cooperatives and social enterprise projects worldwide.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

The fund awards PRIs in the form of loans, loan guarantees and deposits for the purpose of alleviating poverty, fostering economic development and spurring job creation in economically devastated areas of the world.

Fields of Interest

Subjects
  • Democracy and civil society development
  • Foundations
  • Human services
  • International relations
  • Philanthropy
Population Groups
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $67,397,878 (market value)

Gifts received: $4,214,597

Expenditures: $295,210,634

Total giving: $288,964,046

Qualifying distributions: $321,356,894

Giving activities include:

$288,964,046 for 2 grants (high: $288,889,046; low: $75,000)

$28,922,602 for 12 loans/program-related investments