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One philanthropy expert praised the notion of a second-generation Soros starting a separate foundation. According to Christine Letts, a senior lecturer in the practice of philanthropy and not-for-profit leadership at the Harvard Kennedy School, family foundations run the risk of growing muddled in the second generation.
“The distinction is between whether the founder… actually wants their children to steward their legacy, meaning the parents’ legacy, or whether they want them to become philanthropists,” Letts said. “And a lot of the time, parents conflate these two things.”
Letts said that a personal foundation would allow a second-generation giver to become a philanthropist in his own right, with discrete charitable goals.
Another observer noted the similarity between the philanthropic aims of George Soros and those of his children.
“It looks like this commitment to justice and rights seems to be carrying through, and that’s really interesting,” said Bradford Smith, president of the Foundation Center, which provides information about philanthropy. “That’s not always true in the case of family foundations.”
Alexander Soros’s philanthropic interests appear to be more focused on the Jewish community than those of his father. Alexander sits on the board of Bend the Arc, the Jewish social justice group formerly known as Jewish Funds for Justice. Though his father has also given to the group, Bend the Arc has so far played a central role in Alexander Soros’s philanthropic profile.
“I identify very strongly as being Jewish, but my Jewish identity is wrapped up in universal values of social justice,” the younger Soros told The Wall Street Journal in September. “What’s good about Jewish Funds for Justice is that it sees as its role as a Jewish organization the strength of American society as a whole.”
Alexander Soros’s political giving, too, has been aimed at the Jewish community. His big March super PAC check was made out to the Jewish Council for Education and Research, the group behind 2008’s Great Schlep. That campaign, boosted by a viral video starring comedian Sarah Silverman, encouraged young Jews to travel to swing states in support of Obama. The organization hopes to undertake expanded activities this year.
“I appreciate their creativity in finding ways to engage younger voters using new media,” Soros said of his gift to JCER in a statement to the Forward. “I believe in 2012 they will provide for the Jewish majority a voice commensurate with its numbers.”
George Soros’s relationship with the Jewish community is famously fraught. In 2010, the dovish pro-Israel group J Street was revealed to have lied about receiving donations from Soros, who had given the group $250,000. The group had claimed it received no money from him.
Jonathan Soros, whose support for the new election reform group New York Leadership for Accountable Government recently made headlines, left his position managing his father’s firm, Soros Fund Management LLC, in March. He will open his own office to invest his own money.
Andrea Soros Colombel, 47, Jonathan’s sister, is the founder and president of the Trace Foundation, which supports Tibetan culture and development among Tibetans in China.
Robert Soros, George’s eldest son, and Gregory, his youngest, have been less publicly philanthropic than their siblings. Robert Soros is a board member of an OSF-affiliated group.