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Billionaire George Soros Encourages Philanthropists to Invest in African-American Males

The billionaire investor, philanthropist, and campaign donor George Soros encouraged charitable organization on Monday to focus more of their dollars on helping African-American males.

According to a report by Soros’ Open Society Foundations and the New York-based Foundation Center, black males are in desperate need of support and opportunities.

Reuters reports:

The report, titled ‘Where Do We Go From Here? Philanthropic Support for Black Men and Boys,’ shows that annual funding designated for that specific group has been rising steadily, from $10 million in 2003 to $29 million in 2010. Education is a top funding priority, garnering 40 percent of those grant dollars between 2008 and 2010. California, New York and Georgia are the top three states receiving foundation money explicitly designated for black males.

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