Soros, Open Foundations Deny Receiving USAID Funds

Open Society Foundations, the organization founded by billionaire investor and philanthropist George Soros, Thursday denied reports that it received funding from the U.S. Agency for International Development (USAID) or that it has directed the funding of the multibillion-dollar agency.

“These allegations are part of a broader effort to undermine international development work and delegitimize the independent funding of civil society organizations worldwide,” Michael Vachon, a spokesman for Soros and chair of the Soros Fund Management, said in a statement.

He added that Open Society “is a private foundation that sets its own priorities, makes its own funding decisions, and uses its own funds.”

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