In an interview with the The New York Times, Open Society Foundations President Patrick Gaspard announced that the organisation, headed by billionaire George Soros is to "double down" on funding "black-led justice organizations".
The interview was accompanied by a press release from the Open Society declaring that "The largest share of this support—$150 million—will be through a set of five-year grants to Black-led justice organizations that helped to create and now sustain the momentum towards racial equality."
"Open Society's response reflects our conviction that real progress requires sustained support over many years and letting leaders accountable to impacted communities shape the path forward." the release adds.
It also notes that another $70 million will be allocated to "more immediate efforts to advance racial justice," which include efforts to "reimagine" policing.
Gaspard noted that the recent uprising in the US and across the world is "the moment we've been investing in for the last 25 years."