At A Glance
132 Perry St., Ste. 2B
New York City, NY United States 10014-2703
Telephone: (212) 367-7380
Type of Grantmaker
- Celebrity: Business; Politics
Established in 1993 in NY - Founded by Andrea Soros and George Soros. Mr. Soros is an investor and philanthropist. Mr. Soros is the founder and Chairman of Soros Fund Management LLC and the co-founder of the Quantum Fund, one of the first hedge funds. He also founded and is Chairman of The Open Society Foundations, an umbrella name for a family of offices and foundations located throughout the world, of which The Open Society Institute is a part. Among the many books he authored or co-authored are "The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means," "The Bubble of American Supremacy: Correcting the Misuse of American Power" and "The Soros Lectures at the Central European University." Trace Foundation was born in 1993 out of the experiences of Andrea E Soros on the Tibetan Plateau as a tourist and English teacher. It began as a small organization, awarding grants to individuals, institutions and organizations undertaking projects which furthered the mission of the Foundation: to support the continuity of Tibetan culture and language, and develop the ability of Tibetan communities within China to meet their own needs. In its first decade of operation Trace awarded over three hundred grants in a variety of sectors and regional locations for a total investment of nearly $14 million. The foundation's first direct intervention in Tibetan areas occurred in the winter of 1995, in response to a call for international aid after a massive winter storm carrying heavy snowfall and extreme temperatures devastated parts of western Sichuan Province. In the following years, it established its presence across the region, working to deepen understanding of contemporary life on the plateau, promote Tibetan culture, and empower Tibetan communities from Tsang to Amdo. Today, Trace Foundation continues to support projects across the Tibetan Plateau. Focusing on the unique needs of these diverse communities, it's expanding access to education, raising the standard of living, and ensuring the continuation of Tibetan culture.