Photo: Popow/ullstein bild via Getty Images

George Soros' philanthropic group, the Open Society Foundations, announced Monday it will invest $220 million in racial justice organizations and leaders that "helped to create and now sustain the momentum towards racial equality."

Why it matters: The windfall "will immediately reshape the landscape of Black political and civil rights organizations" while positioning Soros' foundation "near the forefront of the protest movement," the New York Times' Astead Herndon writes.

  • Soros has been the target of right-wing and anti-Semitic conspiracy theories in recent years because of his status as one of the most prominent liberal megadonors in the world.

Detials: A set of five-year grants totaling $150 million will be used to support emerging social justice groups like Black Voters Matter and Circle for Justice Innovations, as well as established civil rights groups like the Equal Justice Initiative and Repairers of the Breach.

  • The foundation will also pour another $70 million into efforts to reform policing and the criminal justice system.
  • Some of the money will be used for "nurturing the civic engagement of young people," many of whom are engaging in activism for the first time in the wake of George Floyd's death.

What they're saying:

“The success of this movement, the largest in U.S. history, will be measured over years, not weeks, and we cannot say that Black lives matter and not make a multi-year commitment to a strategy set by and centering Black leaders and organizations who changed America’s sense of what is possible."
— Tom Perriello, executive director of Open Society-U.S.

Go deeper

JPMorgan commits $30 billion to fight the racial wealth gap


Data: Fortune 500, Axios analysis of company statements, get the data; Chart: Andrew Witherspoon, Naema Ahmed/Axios

JPMorgan Chase announced Thursday a $30 billion investment over the next five years that the company says will address some of the largest drivers of the massive wealth gap between Black and white Americans.

  • The commitment makes the bank by far the largest monetary contributor to efforts by businesses to fight systemic inequality and racism in the U.S.

Pence to continue traveling despite aides testing positive for COVID-19

Marc Short with Pence in March. Photo: Drew Angerer/Getty Images

Marc Short, Vice President Mike Pence’s chief of staff, tested positive for the coronavirus Saturday and is quarantining, according to a White House statement.

Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force. Pence and second lady Karen Pence tested negative for the virus on Sunday morning, according to the vice president's office.

AOC: "Extremely important" that Biden offer Bernie Sanders a Cabinet position

Rep. Alexandria Ocasio-Cortez (D-N.Y.) said on CNN's "State of the Union" Sunday that she believes it's "extremely important" that Joe Biden offer Sen. Bernie Sanders and other progressive leaders Cabinet positions if he's elected president.

The big picture: Ocasio-Cortez was pressed repeatedly on policy differences between her and the more moderate Biden, including her opposition to fracking and support for Medicare for All. She responded that it would be a "privilege" and a "luxury" to be able to lobby a Biden administration on progressive issues, insisting that the focus right now should be on winning the White House.

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