Soros Fund Management LLC is a privately held American investment management firm currently structured as a family office but formerly a hedge fund. The firm was founded in 1969 by George Soros and in 2010 was reported to be one of the most profitable firms in the hedge fund industry, averaging a 20% annual rate of return over four decades. It is headquartered at 888 7th Avenue in New York City.
Soros Fund Management is the primary adviser for the Quantum Group of Funds; a family of funds dealing in international investments. The company invests in public equity and fixed income markets worldwide, as well as foreign exchange, currency, and commodity markets, and private equity and venture capital funds. The company is reported to have large investments in transportation, energy, retail, financial, and other industries, and owns stock in the Hess Corporation, Ford Motor Company, Global Ship Lease, Bluefly, and Lattice Semiconductor.
Soros Fund Management Donates to 501c3. Soros Management Fund offers the most generous limits on corporate matching gift programs. The company’s 3:1 match for employees and 2:1 match for partners is a strong incentive for employees to give back to their communities. Exxon Mobil donates to nonprofit organizations is highly appreciated.
The company matches up to $300K in annual donations per employee. This is by far the largest limit for any corporation. An employee can match minimum $25 and maximum $100000.
Soros Fund Management provides grants to nonprofits organizations where employees volunteer on a regular basis. After employees volunteer at least 20 hours with an organization, Soros Fund Management provides a volunteer grant of up to $4,000 to that organization. It equivalents 20-39 volunteer hours = $1,000 grants, 40-59 hours = $2,000 grants, 60-79 hours = $3,000 grants, 80 or more hours = $4,000 grants, Minimum Hours: 20 hours, Corporate donation: $4000.
Employees and retirees will be notified of eligibility based on hours recorded on the volunteer website and must then complete an application. Employees and retirees are responsible for asking the nonprofit to verify volunteer hours. To donate through Soros Fund Management one must be full-time and part-time benefit eligible employees, retired employees from certain predecessor organizations, active members of the Board of Directors of Bank of America Corporation.
Educational organizations those work for the backwarded community and ethnic group children, works for the fatal diseases like AIDS are eligible for grants.
