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soros gives 100m to rights group

soros gives 100m to rights group

access_time September 7, 2010 chat_bubble_outline 0 comments
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7 September 2010
Last updated at 11:44 ET

George Soros is to donate $100m (£65m) to Human Rights Watch (HRW) over the next 10 years, the investor and philanthropist has announced.

“Human Rights Watch is one of the most effective organisations I support,” Mr Soros said.

The gift from Soros’s Open Society Foundations is the largest the billionaire has made to a non-governmental organisation, HRW said.

It is given under the condition that HRW raises another $100m.

The gift is the first in a series of large donations he plans to make, Mr Soros said in an interview with the New York Times.

“This is partly due to age,” the 80-year-old added.

“Originally I wanted to distribute all of the money during my lifetime, but I have abandoned that plan.”

HRW is to use the money to hire more staff and expand its work internationally, the group said in a statement.

The plan requires HRW to increase its annual budget from $48m to $80m within five years, the organisation added.

HRW, which is based in New York, currently has a staff of almost 300 and a presence in nearly 90 countries.

In October, Forbes Magazine estimated Mr Soros’s fortune at $14bn (£9.1bn).

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