Soros Asks for Funding Match to Continue Baltimore Project May 6, 2005
Funding Tips & Trends
Multibillionaire philanthropist George Soros is seeking $20 million from the city of Baltimore, Md., to continue his Open Society Institute (OSI) project in the city, the Balitimore Sun reported April 27. If the city delivers the full $20 million, Soros has offered to put up the remaining $10 million needed to keep the program alive for five more years.
The Baltimore branch of OSI focuses primarily on addiction treatment, criminal justice, workforce development, education and youth development, and justice access. It opened in 1998 and has raised the number of addicts being treated from 16,000 in 1999 to 24,000 in 2004; funding for treatment over the same time period jumped from $22 million to $49 million last year.
Diana Morise, director of OSI-Baltimore, said that with additional funding the organization would have the time needed to further expand treatment and education services, juvenile crime prevention, and assist incarcerated adults with addiction-related problems. Soros has established OSIs in 50 countries, but the Baltimore branch is the only one to service a single city.