Thursday, December 8, 2011

New man to give away Soros fortune

George Soros, the billionaire investor, on Wednesday named Christopher Stone, a well-known expert on criminal justice, the new leader of his unconventional philanthropic empire.

According to the NY Times Stone, a professor at Harvard’s John F. Kennedy School of Government, will fully take the helm in July of the Open Society Foundations, a sprawling constellation of more than 30 organizations that operate in places as diverse as Baltimore, Jakarta, the Kremlin and Congress. He will succeed Aryeh Neier, who is retiring at 74 after serving as the Open Society’s president since 1993.

Soros has never endowed his collection of foundations, but he often gives away enough money in a year to make Open Society the most generous philanthropy in the country after the Bill & Melinda Gates Foundation. This year, for example, it is on track to give away about $860 million.

Find out more at http://www.nytimes.com/2011/12/07/business/christopher-stone-to-lead-soros-open-society-foundations.html

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