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Trump Investigates Soros Network; Foundations Pledge $420M for Democracy

5/21/2026

Summary

Story summary

Open Society Foundations announced a $300 million U.S. democracy initiative over five years, including $20 million for 2026.
President Donald Trump’s administration ordered investigations of the Soros-linked nonprofit network.
The Ford Foundation, led by President Heather Gerken, remains the largest private U.S. donor to democracy projects and continues funding nonpartisan groups.
The MacArthur Foundation pledged $100 million for voting and civil-rights work, while the McKnight Foundation pledged $20 million for civic engagement in 2026.

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Story summary

Open Society Foundations announced a $300 million U.S. democracy initiative over five years, including $20 million for 2026.
President Donald Trump’s administration ordered investigations of the Soros-linked nonprofit network.
The Ford Foundation, led by President Heather Gerken, remains the largest private U.S. donor to democracy projects and continues funding nonpartisan groups.
The MacArthur Foundation pledged $100 million for voting and civil-rights work, while the McKnight Foundation pledged $20 million for civic engagement in 2026.