• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Current price of oil as of June 15, 2026

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Current price of oil as of June 15, 2026
philanthropy
Europe

Soros’ Roma foundation spins off with fresh €100 million pledge: ‘We are the biggest European minority, the most neglected and disadvantaged’

By
Thalia Beaty
Thalia Beaty
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Thalia Beaty
Thalia Beaty
and
The Associated Press
The Associated Press
Down Arrow Button Icon
September 6, 2023, 9:11 AM ET
George Soros
George Soros' son has taken over his foundations.Francois Mori—AP Images
Add Fortune on Google for similar content.

Open Society Foundations said Tuesday that it will spin off its support for Europe’s Roma communities into a new foundation and pledged €100 million, around $107 million, for that work.

Recommended Video

The Roma Foundation for Europe, which will be independent of OSF, launches in January and will be based in Brussels, said the foundations. Zeljko Jovanovic, director of OSF’s Roma Initiatives Office, will lead the new foundation.

“This is a true European project because we are the biggest European minority, the most neglected and disadvantaged,” Jovanovic told The Associated Press, referring to the Roma community. “So when you support the most disadvantaged, you support the development of the whole society.”

An estimated 10 to 12 million Roma people live in Europe, with around 6 million living in the European Union, making them the continent’s largest ethnic minority. Significant proportions of the community report experiencing discrimination and economic exclusion as well as higher rates of poverty and lower participation in the formal workforce, according to the European Commission.

Alex Soros, chair of OSF’s board of directors and son of George Soros, who founded OSF, echoed that idea in a statement, saying the future work of the new foundation will support not only the Roma people, but all of Europe.

“I am confident the new foundation will be a dynamic force—dedicated to realizing the full potential of the Roma people, and overcoming the deep-rooted barriers they face,” Alex Soros said.

Under Alex Soros’ leadership, the foundations announced in July that it would significantly retool its structure and layoff 40% of its staff globally. It also paused making new grants until February. Also in July, foundation leaders told staff in Berlin that it would end much of its work in the European Union, according to an internal email seen by the AP.

Last week, Soros wrote in an op-ed in “POLITICO Europe” that OSF was not leaving Europe but that it would shift its priorities, highlighting its work in Ukraine, Moldova and the Western Balkans. He also promised continuing support for the Central European University, which was also founded by George Soros, and the Roma people.

“We will also keep up — and dramatically increase — our efforts to secure equal treatment for Europe’s largest ethnic minority, the 12 million Roma (who mostly live in Eastern Europe),” Alex Soros wrote.

OSF will not have representatives on the board of the Roma Foundation for Europe, said Jovanovic, adding that the decision to start the foundation was made last year, independently of the restructuring. Jovanovic said Alex Soros was clear that OSF’s, “internal organization is changing and has to change in the view of Mr. Soros, as well as the global board and the top leadership. However, our commitments do not change.”

The new foundation will make grants, support networking between organizations as well as advocate for the Roma people. It will focus on preparing Roma workers with skills to help them find jobs in the digital economy and as part of the anticipated green transition, Jovanovic said.

“Most of all, we want to see our contribution to the social debate about how our societies need to be more cohesive,” he said, adding that they also want to prevent the framing, “in the populist argument: us versus them. We see ‘us’ as the Roma, but we also see ‘us’ as citizens of our countries.”

The new foundation aims to make grants to expend the entire pledge of €100 million by 2030. When asked how many staff the new foundation will employ, Jovanovic said in order for more of the funds to reach grantees, “We don’t want to become a big organization in terms of bureaucracy and administration. We want to be lean and small.”

OSF has previously supported the European Roma Institute for Arts and Culture, the Roma Entrepreneurship Development Initiative, Roma for Democracy and the Roma Education Fund, and the new foundation will continue to support those organizations as well as others, Jovanovic said.

Tomáš Hrustič, senior program manager for the National Democratic Institute in Slovakia, welcomed the funding commitment to the new foundation, saying that he believed the new structure will strengthen the agency and leadership of Roma communities in the organizations that OSF has supported.

“Diverse Roma communities need to actually take ownership over those initiatives and be part it and engage because if it is just decided by someone else, then it doesn’t work at all,” Hrustič said.

He also urged OSF and others to support grassroots organizations and to continue to support Roma communities within European Union member states.

___

Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.

About the Authors
By Thalia Beaty
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Thasunda Brown Duckett sitting in front of a podcast microphone
SuccessFortune 500: Titans and Disruptors of Industry
A 76-year-old was about to lose his entire $3 million retirement to a scam. TIAA’s AI caught it—but a human prevented disaster
By Preston ForeJune 17, 2026
3 hours ago
nuri
SuccessImmigration
The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America
By Nick LichtenbergJune 17, 2026
3 hours ago
Doctors and nurses huddle in a hospital hallway
Economystudent loans and debt
Trump’s OBBBA will cap federal loans on July 1. Republicans are going over Trump’s head to save student loans for nurses
By Jacqueline MunisJune 17, 2026
3 hours ago
sb
Personal FinanceSocial Security
‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983
By Nick LichtenbergJune 17, 2026
4 hours ago
Mortgage rates today, June 17, 2026
Personal Financemortgages
Mortgage rates today, June 17, 2026
By Glen Luke FlanaganJune 17, 2026
4 hours ago
Current refi mortgage rates report for June 17, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for June 17, 2026
By Glen Luke FlanaganJune 17, 2026
4 hours ago

Most Popular

Current price of oil as of June 16, 2026
Personal Finance
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
23 hours ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
2 days ago
Current price of oil as of June 15, 2026
Personal Finance
Current price of oil as of June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
22 hours ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
2 days ago
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
By Nick LichtenbergJune 16, 2026
22 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.