George Soros' nonprofit, The Open Society Foundations, will be spending over $200 million to "dismantle systemic racism" in response to the death of Minneapolis man George Floyd.

While speaking to The New York Times, Open Society Foundations President Patrick Gaspard said that this is “the moment we’ve been investing in for the last 25 years.”

“There is this call for justice in Black and brown communities, an explosion of not just sympathy but solidarity across the board,” he said. “So it’s time to double down. And we understood we can place a bet on these activists — Black and white — who see this as a moment of not just incrementalism, but whole-scale reform.”

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$150 million of the money will be going to “Black-led justice organizations."

“The demands being made now will not be met overnight, and we know the gaze of media and elected officials will turn in other directions,” Gaspard said. “But we need these moments to be sustained. If we’re going to say ‘Black lives matter,’ we need to say ‘Black organizations and structures matter.’”

Shortly after the article was released by the New York Times, Gaspard released a press release.

“We recognize that the struggle to dismantle systemic racism is an ongoing one; it has existed from the dawn of the republic to the present day, and is embedded in every level of government and in our penal and justice systems,” Gaspard said. “But the power surge of people who have taken to the streets to demand that this nation do better — people of all ages, from all backgrounds, and in every corner of this country — gives hope to us all.”

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“Sustaining this extraordinary momentum toward centering justice for Black lives is fundamental to getting our democracy on track,” he continued. “We need to combine long-term commitments to this movement with near-term opportunities, to ensure that the millions who have stepped up to take action can see enough results to stay engaged.”

Check out what the Daily Wire reported:

The other $70 million will go toward “more immediate efforts to advance racial justice,” according to the Open Society Foundations’ statement. Some of the funding will further ongoing initiatives to “reimagine” policing and community safety as local governments move to wholly or partly defund their police departments. Funding will also go toward encouraging more youth activism, encouraging voter turnout, and securing U.S. elections.

It’s unclear where exactly the funding will go, but officials in Minneapolis are currently working on a plan to replace the city’s police department with a “community-led public safety system.” The city council voted unanimously last month to defund its police after outrage over Floyd’s death.

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