In the shadow of all the publicity surrounding Warren Buffett's huge charitable commitment, you may have missed this otherwise big news about George Soros.
The billionaire philanthropist had long planned to shutter his global network of foundations before he died. But now, the 75-year-old financier says that he is taking steps to continue to fund the network.
Mr. Soros plans to create a board to oversee his Open Society Institute and its offshoots, which support democracy, human rights, education, public health and other causes. And the board will have a Soros presence, in that he intends to name his son Jonathan Soros -- the co-deputy chairman of Soros Fund Management, his investment business -- a member.
Mr. Soros is also actively looking for ways to step up his donations. Last week, at a meeting of foundation officials in Istanbul, Turkey, he announced that he is making an additional $200 million available over several years for new projects. (His foundations give away roughly $400 million a year.) So far, Mr. Soros, has given away nearly $5 billion.
[Excerpt of an article by Sallie Beatty The Wall Street Journal]
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