US billionaire philanthropist George Soros pledges $130 million to fight Covid-19

News Credit: The New York Times

The billionaire philanthropist is directing $37 million of the funds to programs to help at-risk populations in New York City.

George Soros, the billionaire philanthropist and liberal financier, is directing more than $130 million through his foundation to combat the effects of the coronavirus, with $37 million aimed to help at-risk populations in New York City, including undocumented families and low-wage workers.

Mr. Soros’s organization, Open Society Foundations, is making two large grants to nonprofits linked to the government of New York City, which is the epicenter of the coronavirus outbreak in the United States, with more than 10,000 deaths because of the virus.

The first grant will provide $20 million to create an Immigrant Emergency Relief Program in partnership with the city to provide direct, one-time payments to up to 20,000 immigrant families who are excluded from the federal relief program, including undocumented people. Individuals will receive $400 and families will get $1,000.

The fund will be managed by the Mayor’s Fund to Advance New York City, a nonprofit, and the city’s Mayor’s Office of Immigrant Affairs.

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