Open Society Foundations will “limit” grantmaking from October until the end of February as it sorts through a reorganization that will include changing its operating model and laying off at least 40% of its staff, OSF President Mark Malloch-Brown said on Wednesday.
“We are now moving to shift our work and spending as quickly as possible onto a new model, a transition which, I am sure you understand, needs to be conducted in a thorough and joined-up way over the second half of this year,” he wrote in an email to grantees.
OSF staff will provide more details to grantees “as soon as they have it available to share,” he added.
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About the author
Stephanie Beasley@Steph_Beasley
Stephanie Beasley is a Senior Reporter at Devex, where she covers global philanthropy with a focus on regulations and policy. She is an alumna of the UC Berkeley Graduate School of Journalism and Oberlin College and has a background in Latin American studies. She previously covered transportation security at POLITICO.
