Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Soros Economic Development Fund
 
% JAMES BEAVER
Number and street (or P.O. box number if mail is not delivered to street address)224 West 57th St 9th floor
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New York, NY10019
A Employer identification number

13-3965896
B Telephone number (see instructions)

(212) 548-0600
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$134,958,782J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 62,425,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,429,926
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -9,911,172 -777,804 0
12 Total. Add lines 1 through 11........ 50,083,902 -777,804 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 827,902 0 0 827,902
b Accounting fees (attach schedule)....... Click to see attachment 181,719 0 0 181,719
c Other professional fees (attach schedule).... Click to see attachment 775,106 0 0 799,506
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment -947,537 0 0 46,663
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 837,190 0 0 1,855,790
25 Contributions, gifts, grants paid....... 1,257,554 1,032,554
26 Total expenses and disbursements. Add lines 24 and 25 2,094,744 0 0 2,888,344
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 47,989,158
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 315,495 248,233 248,233
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet188,448
Less: allowance for doubtful accounts bullet   256,862 188,448 188,448
4 Pledges receivable bullet39,973,485
Less: allowance for doubtful accounts bullet   10,452,011 39,973,485 39,973,485
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 97,539 68,508 68,508
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet39,098
Less: accumulated depreciation (attach schedule) bullet39,098      
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment76,318,766 Click to see attachment94,480,108 Click to see attachment94,480,108
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 87,440,673 134,958,782 134,958,782
Liabilities 17 Accounts payable and accrued expenses.......... 475,520 226,858
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment478,313 Click to see attachment397,029
23 Total liabilities (add lines 17 through 22)......... 953,833 623,887
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 76,034,829 94,361,410
25 Net assets with donor restrictions............ 10,452,011 39,973,485
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 86,486,840 134,334,895
30 Total liabilities and net assets/fund balances (see instructions). 87,440,673 134,958,782
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
86,486,840
2
Enter amount from Part I, line 27a .....................
2
47,989,158
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
134,475,998
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
141,103
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
134,334,895
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a REALIZED GAIN/LOSS FROM PROGRAM RELATED INVESTMENTS      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     2,429,926 -2,429,926
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -2,429,926
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -2,429,926
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -2,240,686
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 0
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 21,549
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 21,549
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 21,549
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet21,549 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, NY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.SEDFNY.ORG
    14
    The books are in care ofbulletJAMES BEAVER Telephone no.bullet (212) 547-6967

    Located atbullet224 WEST 57TH ST 9TH FLOORNEW YORKNY ZIP+4bullet10019
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Sean HintonClick to see attachment CEO
    40.0     		0 0 1,627
    224 West 57th St 9th floor
    New York,NY10019
    Catherine CaxClick to see attachment Director of Investment
    40.0     		0 0 1,627
    224 West 57th St 9th floor
    New York,NY10019
    James BeaverClick to see attachment Treasurer
    40.0     		0 0 1,627
    224 West 57th St 9th floor
    New York,NY10019
    Maija ArbolinoClick to see attachment Director
    1.0     		0 0 1,627
    224 West 57th St 9th floor
    New York,NY10019
    Gregory TaylorClick to see attachment Director
    1.0     		0 0 1,627
    224 West 57th St 9th floor
    New York,NY10019
    LEONARD BENARDOClick to see attachment DIRECTOR
    1.0     		0 0 1,627
    224 West 57th St 9th floor
    New York,NY10019
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Patterson Belknap Webb & Tyler LEGAL FEES 385,430
    1133 Avenue Of The Americas
    NEW YORK,NY100366710
    ROOTBRIDGE ACADEMY OF GIVING PRIVATE LTD CONSULTING 241,187
    4016TH CROSS OFF 8TH MAIN MALLES
    BANGALORE,KARNATAKA  
    IN
    MICHEL MORES LEGAL FEES 195,369
    48 CHANCERY LANE
    LONDON    
    UK
    KPMG LLP - DEPT 0511 ACCOUNTING and Tax 131,807
    PO BOX 120511
    DALLAS,TX753120511
    PRICEWATERHOUSECOOPERS LLP ACCOUNTING and TAX 119,856
    1 EMBANKMENT PLACE
    LONDON    
    UK
    Total number of others receiving over $50,000 for professional services.............bullet5
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 INSURESILIENCE INVESTMENT FUND:FUND INVESTS IN COMPANIES OF- FERING INSURANCE SOLUTIONS FOR WEATHER EVENTS & TECHNOLOGY PLATFORMS THAT ENABLE INSURANCE COMPANIES TO OFFER THESE INS 5,822,837
    2 NOMOU JORDAN FUND:NOMOU JORDAN PROVIDES SME LOANS AND TECHNICAL ASSISTANCE VIA BUSINESS SUPPORT TO INVESTEES TO INCREASE OUTREACH TO REFUGEE OWNED AND/OR REFUGEE EMPLOYING 5,040,000
    All other program-related investments. See instructions.
    3 Click to see attachment 22,235,690
    Total. Add lines 1 through 3.........................bullet33,098,527
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    1,857,351
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,857,351
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,857,351
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    27,860
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,829,491
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    91,475
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    91,475
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    0
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    91,475
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    361,978
    5
    Add lines 3 and 4............................
    5
    453,453
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    453,453
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,888,344
    b
    Program-related investments—total from Part IX-B..................
    1b
    33,098,527
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    722,382
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    36,709,253
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    36,709,253
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 453,453
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 5,695,253
    b From 2016......  
    c From 2017...... 1,245,394
    d From 2018...... 16,968,660
    e From 2019...... 71,786,177
    fTotal of lines 3a through e........ 95,695,484
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 36,709,253
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 453,453
    e Remaining amount distributed out of corpus 36,255,800
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 131,951,284
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		5,695,253
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		126,256,031
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 1,245,394
    c Excess from 2018.... 16,968,660
    d Excess from 2019.... 71,786,177
    e Excess from 2020.... 36,255,800
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    NONPROFIT FINANCE FUN
    5 HANOVER SQUARE 9TH FLOOR
    NEW YORK,NY10004     		  PC providing relief to the poor and distressed and underprivileged and eliminating prejudice and discrimination by supporting grantee's establishment. 400,000
    AVON MUTUAL LTD
    OFFICE 310 SETSQUARED
    ENGLAND SHED STATION APPROACH   00000
    UK     		  NC To provide relief to the poor and distressed and underprivileged by funding the establishment of a cooperative banking business 243,777
    SOUTH WEST MUTUAL LTD
    BROADWALK HOUSE SOUTHERNHAY
      WEST, EXETER Devo00000
    UK     		  NC To provide relief to the poor and distressed and underprivileged by funding the establishment of a cooperative banking business 243,777
    GLOBAL IMPACT INVESTING NETWORK
    ONE BATTERY PARK PLAZA SUITE 202
    NEW YORK,NY10004     		  PC to establish a platform of collaboration to coordinate the actions of impact investors in responding to the Covid-19 crisis. (the platform initiative) 95,000
    PEARL CAPITAL PARTNERS
    PLOT M697 EQUATA BUILDING 2ND FL
    LUGOGO KAMPALA   00000
    UG     		  NC The purpose of the grant is to provide relief to the poor and distressed (specifically, small holder farmers). 50,000
    Total .................................bullet 3a 1,032,554
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -2,429,926  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aLOSS ON FOREIGN CURRENCY TRANSACTIONS     		    01 48,889  
    bLOSS ON PRIS UNDER EQUITY METHOD OF ACCOUNTING         -10,437,064
    cPRI INVESTMENT INCOME         419,289
    dOTHER INCOME     01 42,240  
    e
    12 Subtotal. Add columns (b), (d), and (e)..   -2,338,797 -10,017,775
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -12,356,572
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11 $-10,437,064 REPRESENTS INCOME/(LOSS) FROM PROGRAM-RELATED INVESTMENTS USING THE EQUITY METHOD OF ACCOUNTING.
    11 $419,289 REPRESENTS INVESTMENT INCOME FROM PROGRAM-RELATED INVESTMENTS (PRIS). $158,600 FROM PROGRAM-RELATED INVESTMENTS, $71,449 FROM PRI LOANS INTEREST INCOME, AND $189,240 FROM DIVIDEND INCOME.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    Soros Economic Development Fund
     
    Employer identification number

    13-3965896
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    Soros Economic Development Fund
          		Employer identification number
    13-3965896
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Foundation to Promote Open Society
    224 WEST 57TH STREET
     
    NEW YORK, NY10019

    		$ 62,425,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    Soros Economic Development Fund
          		Employer identification number

    13-3965896
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    Soros Economic Development Fund
          		Employer identification number

    13-3965896
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 181,719     181,719

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Category Amount
    CEPHEUS GROWTH CAPITAL PARTNERS: HELPS TO HARNESS ETHIOPIA'S RAPID GROWTH AND SUPPORT THE SCALE UP OF EMERGING COMPANIES IN WAYS THAT ARE MORE INCLUSIVE AND WITH MORE EQUITABLE GAIN 2,299,350
    PCP UGANDA YIELD FUND: TO ENABLE AGRIBUSINESS AND SMES TO BETTER SERVE SMALLHOLDER FARMERS BY PROVIDING PRODUCTS AND SERVICES THAT ENABLE THE FARMERS TO ACCESS MARKETS. 361,993
    ACCION VENTURE LAB: AIMS TO DIRECTLY IMPACT THE LIVES OF MILLIONS OF LOW-INCOME HOUSEHOLDS AND MICRO-BUSINESSES THAT ARE CURRENTLY UN-/UNDER-BANKED. 606,240
    EMERGING MEDIA OPPORTUNITY FUND: INVESTS IN INDEPENDENT NEWS MEDIA COMPANIES IN SELECT EMERGING AND FRONTIER MARKETS. 994,817
    ALITHEIA IDF FUND LP:THE FUND INVESTS IN SMES THAT PRESENT AN OPPORTUNITY TO ADVANCE GENDER-DIVERSITY AND IMPACT WOMEN THROUGH THEIR PRODUCTS, SERVICES, SUPPLY CHAINS AND HIRING. 653,894
    BHARAT INCLUSIVE TECH FUND: DECREASES SERVICES COSTS FOR BOTTOM OF THE PYRAMID CUSTOMERS. THE FUND FOCUSES ON EARLY STAGE COMPANIES LOOKING TO SERVE THESE CUSTOMERS IN AREAS 934,042
    WORKING CAPITAL INVESTMENT FUND, LP: EARLY STAGE INVESTMENT VEHICLE WITH A PRIMARY OBJECTIVE TO CATALYZE RAPID CHANGE IN THE WAY IN WHICH MULTINATIONAL CORPORATIONS UNDERSTAND AND 529,167
    MDIF MEDIA FINANCE I B.V.: MAKES LOANS TO IND. NEWS MEDIA COMPANIES IN SELECT EMERGING & FRONTIER MKTS. TIMELY, ACCUR- ATE INFO. IS CRITICAL TO FREE SOCIETIES & EQUITABLE ECON DEV 922,188
    MIDDLE EAST VENTURE: INVESTMENT TO PROMOTE TECHNOLOGICAL ADVANCEMENTS AND DEVELOPMENT IN THE WEST BANK AND GAZA STRIP, SPUR ECONOMIC GROWTH, JOB CREATION AND INNOVATION. 121,000
    ACUMEN RESILIENT AGRICULTURE FUND: INVESTS IN PIONEERING AND EARLY-GROWTH STAGE INNOVATIVE AGRIBUSINESSES THAT ENHANCE THE CLIMATE RESILIENCE OF SMALLHOLDER FARMERS. 1,701,538
    INJARO WEST AFRICA: INVESTMENT TO ENSURE SMALL-SCALE FARMERS HAVE AFFORDABLE, TIMELY & RELIABLE ACCESS TO IMPROVED SEED AND PLANTING MATERIALS IN WEST AFRICA. 88,617
    SONG INV CO: INVESTMENT FOR THE PURPOSE OF INCREASING ECONOMIC OPPORTUNITIES AND JOB CREATION FOR LOW INCOME PERSONS IN DISTRESSED COMMUNITIES IN INDIA. 55,412
    EIP LEVANT SICAV PLC:THE FUND INVESTS IN SMES WITH A FOCUS ON ESSENTIAL SERVICES, EXPORT ORIENTED BUSINESSES AND PRODUCTIVE SECTORS IN LEBANNON. BY CREATING EMPLOYMENT 309,243
    ILLUMEN CAPITAL IS A FUND OF FUNDS THAT DELIVERS LONG-TERM, UNIQUELY TAILORED RACIAL AND GENDER BIAS REDUCTION COACHING TO US-BASED IMPACT-ORIENTED PE/VC FUND MANAGERS 992,689
    IPDEV II: A HOLDING COMPANY PROVIDING CAPITAL TO SMES IN COUNTRIE WITH HIGH POVERTY LEVELS AND UNEMPLOYMENT RATES AND LOW AGRICULTURAL PRODUCTIVITY IN ORDER TO SUPPORT JOB CREATE 243,713
    WWB CAPITAL PARTNERS II, LP:THE FUND INVESTS IN FEMALE-FOCUS FINANCIAL SERVICES COMPANIES IN EMERGING MARKETS. WWB WILL CONDUCT GENDER ASSESSMENTS TO DRIVE GENDER PARTICIPATION TO 655,592
    CADENCE HEALTH:CADENCE IS A US PHARMA COMPANY FOUNDED IN 2014;CONVERTED INTO A PUBLIC BENEFIT CORPORATION. IT IS ATT- EMPTING TO SHIFT THE WOMEN'S REPRODUCTIVE HEALTH LANDSCAPE 2,500,000
    HALA SYSTEMS:HALA SYSTEMS IS A TECHNOLOGY COMPANY THAT AIMS TO SAVE CIVILIAN LIVES IN CONFLICT ZONES, MONITOR VIOLENCE, AND BRING ACCOUNTABILITY FOR WAR CRIMES. 1,250,000
    ROOTBRIDGE SERVICES PRIVATE LTD:ROOTBRIDGE PROVIDES RETAIL FUNDRAISING SERVICES FOR SMALL AND LARGE INDIAN NGOS, PRIMARILY IN THE FORM OF SECURING RECURRING DONATIONS 754,288
    UNIVERCELLS S.A.: AN INNOVATIVE BIO-MANUFACTURING PRO- VIDER FOCUSED ON INCREASING THE AVAILABILITY OF AFFORDABLE BIOLOGICS. UNIVERCELLS DISTRIBUTED MANUFACTURING MODEL WILL 3,659,517
    GLOBAL ACCESS DIAGNOSTICS: GAD IS A NON-PROFIT FOUNDED IN APRIL '20 TO MANUFACTURE DIAGNOSTICS DEVELOPED BY MOLOGIC, A UK COMPANY SPECIALIZED IN R&D OF LATERAL FLOW RAPID DIAGNO 2,602,390

    TY 2020 CompensationExplanation
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Person Name Explanation
    Sean Hinton EMPLOYED AND PAID BY THE OPEN SOCIETY INSTITUTE (OSI). SEE EXHIBIT 1 FOR FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI.
    Catherine Cax EMPLOYED AND PAID BY THE OPEN SOCIETY INSTITUTE (OSI). SEE EXHIBIT 1 FOR FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI.
    James Beaver EMPLOYED AND PAID BY THE OPEN SOCIETY INSTITUTE (OSI). SEE EXHIBIT 1 FOR FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI.
    Maija Arbolino EMPLOYED AND PAID BY THE OPEN SOCIETY INSTITUTE (OSI). SEE EXHIBIT 1 FOR FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI.
    Gregory Taylor EMPLOYED AND PAID BY THE OPEN SOCIETY INSTITUTE (OSI). SEE EXHIBIT 1 FOR FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI.
    LEONARD BENARDO FURTHER DETAILS REGARDING SERVICE AGREEMENT BETWEEN SEDF AND OSI.

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    TY 2020 DepreciationSchedule
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Accion Venture Lab
          		10 Fawcett Street Suite 204
    Cambridge,MA02138     		  3,000,000 Accion Venture Lab is a fund that aims to directly impa 606,240 NO 5/7/21    
    Acumen Resilient Agriculture Fund
          		40 Worth St Suite 303
    New York,NY10013     		  5,000,000 Acumen Resilient Agriculture Fund invests in pioneering 1,701,538 NO 04/29/21    
    Alitheia IDF Fund
          		6th Floor Tower A
    CyberCity   72201
    MP     		2020-04-03 10,000,000 The Fund invests in SMEs that present an opportunity to 653,894 NO 4/8/21    
    Bharat Inclusive Technologies Seed Holdi
          		IFS Court Bank Street 28
    Cybercity,Ebene  
    MP     		2019-04-25 5,000,000 Bharat Inclusive Tech Fund is designed to decrease serv 934,042 NO 2/14/21    
    Cepheus Growth Capital Partners
          		6th Floor Tower A
    Cybercity,Ebene  
    MP     		2019-09-30 10,000,000 helping to harness Ethiopia's rapid growth and support in ways that are more inclusive and with more 2,299,350 NO 7/2/21    
    Emerging Media Opportunity Fund I
          		37 West 20th Street Suite 801
    New York,NY10011     		2017-01-18 5,000,000 independent news media companies in select emerging and frontier mkts. Timely, accurate info. is crit 994,817 NO 5/31/21    
    Ignia Fund LLP
          		Av Ricardo Margin 575
    Parque Corporativo Santa Engracia,San Pedro Garza G66267
    MX     		2013-01-23 5,000,000 to alleviate poverty and community deterioration in Mexico by investing in commercial enterprises 0 NO 1/28/21    
    Illumen Capital
          		7315 Wisconsin Avenue Suite 250E
    Bethesda,MD20814     		2020-10-15 5,000,000 delivers long-term, uniquely tailored racial and gender bias reduction coaching to PE,VC fund manager 992,688 NO 5/26/21    
    Injaro West Africa Agricultural Investme
          		24 Dr Joseph Riviere Street
    Port Louis    
    MP     		2013-04-24 5,000,000 advancing the social objectives of alleviating poverty & revitalizing distressed regions in W.Africa 88,617 NO 6/9/21    
    InsuResilience Investment Fund
          		2 rue d Alsace L-1122
    Grand Duchy of Luxembourg    
    LU     		2020-06-18 10,400,000 improve the resilience of low-income vulnerable house- holds & Micro SMEs from extreme weather event 5,822,837 NO 6/21/21    
    IPDEV II (A cell of Investisseur & Parte
          		5 President John Kennedy St
    Port Louis    
    MP     		2018-10-16 5,000,000 provides capital to SMEs in countries with high poverty and unemployment rates and low agriculture 243,713 NO 7/30/21    
    LeapFrog Financial Inclusion Fund
          		18N FR FELIX VAL ST 4 F UNIC CTR
    PORT LOUIS    
    MP     		2013-02-13 7,000,000 to create social impact globally by providing access to quality microinsurance products 0 NO 3/3/21    
    Middle East Venture Capital Fund
          		13 Zarhin St Bldg B 1st Floor
    Raanana   Israel
    IS     		2013-03-22 5,000,000 providing seed and early-stage financing to SMEs and create jobs within Palestinian Territories 121,000 NO 4/5/21    
    Nomou Jordan Fund
          		Block 9 Black River Road
    Bambous   90203
    MP     		2018-10-25 8,500,000 SME loans & technical assistance via business support to investees to increase outreach to refugees 5,040,000 NO 2/15/21    
    PCP Uganda Yield Fund
          		Plot M697 Equata Building 2nd fl
    Lugogo,Kampala  
    UG     		2019-07-02 4,400,000 enable agribusiness & SMEs to better serve smallholder farmers by providing products and services 159,210 NO 2/26/21    
    Siraj Palestine Fund
          		UGLAND HOUSE PO BOX 309
        KY1-1104
    CJ     		2013-08-09 7,000,000 provide seed & early-stage financing to SMEs located in distressed regions of Palestinian Territories 0 NO 3/29/21    
    SONG Investment Management Company
          		Level 3 Alexander House 35
    Cybercity,Ebene  
    MP     		2008-12-17 24,000 provide non-binding investment advice & recommendations to SONG about investments in SMEs in India 0 NO 3/18/21    
    SONG Investment Company
          		Level 3 Alexander House 35
    Cybercity,Ebene  
    MP     		2013-03-22 6,000,000 increasing economic opportunities and job creation for low-income persons in India, revitalize comm. 0 NO 3/18/21    
    Working Capital The Supply Chain Innov
          		 
          		2018-03-27 3,000,000 reducing the space for the most severe forms of labor exploitation to occur 529,167 NO 5/12/21    
    WWB Capital Partners II LP
          		122 East 42nd Street 42nd Floor
    New York,NY10168     		2020-08-25 5,000,000 invests in female-focused financial services companies in Emerging Markets 655,591 NO 2/16/21    
    Cadence Health Inc
          		405 14th Street 200
    Oakland,CA94612     		2020-06-02 5,000,000 public benefit corp, its vision is to make safe birth control widely available at affordable prices 2,500,000 NO 1/19/21    
    Capfloat Financial Services Private Ltd
          		Upper Palace Orchards Bellary Road
    Sadashivnagar,Bangalore560080
    IN     		2019-08-16 27,070,603 provides small businesses & single household entrepre- neurs with short-term working capital finance 0 NO 3/18/21    
    Hala Systems Inc
          		Rua Duque de Palmela n 27 1 esq
    Lisboa   1250-097
    PO     		2020-03-19 2,000,000 aims to save civilian lives in conflict zones, monitor violence & bring accountability for war crime 1,250,000 NO 5/17/21    
    Juhudi Kilimo
          		7th Floor K-Rep Centre Wood Avenue
    Kilimani,Nairobi00100
    KE     		2013-01-23 2,278,857 provides asset-based financing to smallholder farmers & rural small and medium enterprises in Kenya 0 NO 3/31/21    
    Univercells SA
          		Rue Auguste Piccard 48
    Gosselies   6041
    BE     		2020-12-10 5,900,000 Bio-manufacturing provider focused on increasing the availability of affordable biologics. 3,659,517 NO 6/1/21    
    Union Trust Bank
          		Lightfoot Boston Street
    Freetown    
    SL     		2009-11-18 1,939,443 economic opportunities & job creation for low-income persons and to revitalize communities 0 NO 6/13/18    
    GADCO Cooperatief UA
          		 
          		2014-02-19 482,661 Copa Connect program, whereby inputs, equipment & tech- nical assistance provided to small farmers 0 NO 10/9/19    
    Global Access Diagnostics
          		Bedford Technology Park Thurleigh
    Bedfordshire   MK44 2YA
    UK     		2020-10-14 2,602,390 manufactures Rapid Diagnostic tests for Low and Middle Income Countries at affordable prices. 2,602,390 NO 3/17/21    
    MDIF Media Finance I BV
          		37 W 20th St Ste 801
    New York,NY10011     		2016-11-01 1,900,000 loans to independent news media companies in select emerging and frontier markets 427,718 NO 2/15/21    
    New Hampshire Community Loan Fund
          		7 Wall St
    Concord,NH28025     		2019-07-01 7,500,000 provides investment capital & technical to finance affordable housing, child care facilities 7,500,000 NO 5/1/21    
    Real People Investment Holdings Limited
          		160 Jan Smuts Ave
    Rosebank   2195
    SF     		2015-01-20 4,785,382 is a South African company providing a range of lending products to individuals and SME. 0 NO 3/30/21    
    Select Africa Finance Limited
          		Ebene Heights
    Cybercity,Ebene  
    MP     		2017-05-19 3,000,000 loans to employees of the Kenyan Government, or other low-income persons who are non or underbanked 0 NO 6/22/21    
    Foundation to Promote Open Society
          		224 West 57th Street
    NEW York,NY10019     		2014-10-31 288,889,046 endowment grant within the meaning of treasury regulations Section 53.4945-5(c)(2) 288,889,046 NO 10/12/21    
    Avon Mutual LTD
          		Office 310 SetSquared England She
    Bristol,AvonBS1 6QH
    UK     		2020-03-17 243,777 relief to the poor & distressed & underprivileged by fu nding the estab. of a coop. banking business 243,777 NO 3/11/21    
    Southwest Mutual LTD
          		Broadwalk House Southernhay West
    Exeter,Devon  
    UK     		2020-03-17 243,777 relief to the poor & distressed & underprivileged by fu nding the estab. of a coop. banking business 243,777 NO 3/11/21    
    Pearl Capital Partners
          		Plot M697 Equata Building 2nd fl
    Lugogo,Kampala  
    UG     		2020-09-03 50,000 provide relief to the poor and distressed (specifically smallholder farmers) 50,000 NO 2/26/21    

    TY 2020 GeneralExplanationAttachment
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Identifier Return Reference Explanation
    EXHIBIT 1 Part VIII, Officers, Directors, and Trustees - EXHIBIT 1 Soros Economic Development Fund ("SEDF") has an agreement with Open Society Institute ("OSI"), whereby SEDF agreed to pay for certain services to be provided by OSI. During 2017, SEDF entered into an agreement with OSI, whereby SEDF transferred their employees to OSI. In addition, OSI agreed to make an in-kind contribution to SEDF for certain services to be provided by OSI. Pursuant to the agreement, OSI maintains on its payroll and benefit plans certain employees who provide services to SEDF.
    Section 332 Section 332 (1) Liquidating Corporation: The outstanding shares of Aspada Investment Advisors Pvt Ltd., a company organized under the laws of India, was 99% owned by Soros Economic Development Fund, 13-3965896, a company organized under the laws of the United States. On August 2, 2019 Aspada Investment Advisors Pvt Ltd., liquidated under Section 332 and the regulations thereunder. (2) Dates of Distributions: There were no distributions made by Aspada Investment Advisors Pvt Ltd. during the tax year other than the liquidation. (3) Aggregate Fair Market Value and Basis: 100% of Aspada Investment Advisors Pvt Ltd.'s assets and liabilities were deemed to have been distributed to Soros Economic Development Fund in complete liquidation of Aspada Investment Advisors Pvt Ltd. (4) There were no private letter rulings issued by the Internal Revenue Service in connection with the liquidation. (5) The plan of complete liquidation was adopted and completed on August 2nd, 2019.

    TY 2020 LegalFeesSchedule
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 827,902     827,902


    TY 2020 OtherAssetsSchedule
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ASPADA INVESTMENT COMPANY 11,249,564 15,035,761 15,035,761
    PROGRAM RELATED INVESTMENTS:      
    ACCION VENTURE LAB, L.P. 1,240,044 3,018,645 3,018,645
    ACUMEN RESILIENT AGRI. FUND 2,068 1,420,798 1,420,798
    ALITHEIA IDF FUND LP 0 319,029 319,029
    BHARAT INCLUSIVE TECH FUND 546,000 2,027,386 2,027,386
    CEPHEUS GROWTH CAPITAL PTRS 1,337,498 3,240,271 3,240,271
    EMERGING MEDIA OPP FUND LP 3,717,861 4,681,808 4,681,808
    IGNIA FUND I, L.P. 1,915,961 1,031,843 1,031,843
    ILLUMEN CAPITAL 0 890,072 890,072
    INSURESILIENCE INVESTMENT FUND 0 4,267,923 4,267,923
    IPDEV II 0 788,035 788,035
    WWB CAPITAL PARTNERS 0 576,191 576,191
    INJARO WEST AFRICA 1,067,418 791,846 791,846
    SONG INV COM. CLASS A SHARES 2,832,145 3,000,371 3,000,371
    LEAPFROG FIN INCLUSION FUND 1,075,000 463,334 463,334
    MIDDLE EAST VENTURE CAP FUND 2,111,625 854,443 854,443
    SIRAJ PALESTINE FUND I, LP 3,983,595 1,724,108 1,724,108
    INVESTISSEURE & PARTENAIRES 594,300 0 0
    NOMOU JORDAN FUND LLC 1,266,211 5,961,441 5,961,441
    PCP UGANDA YIELD FUND 974,167 999,817 999,817
    WORKING CAP INNOVATION FUND LP 1,013,657 1,602,559 1,602,559
    EQUITY INVESTMENT:      
    CADENCE HEALTH INC 0 2,500,000 2,500,000
    HALA SYSTEMS 0 1,250,000 1,250,000
    ROOTBRIDGE SVCS PRIVATE LTD 0 319,552 319,552
    CAPITAL FLOAT 27,070,603 18,000,000 18,000,000
    JUHUDI KILIMO 1,852,564 1,855,115 1,855,115
    SONG INVESTMENT MMGT COMPANY 27,075 27,075 27,075
    UNIVERCELLS 0 3,684,730 3,684,730
    UNION TRUST BANK LTD. 755,668 736,658 736,658
    DEPOSITS:      
    GLOBAL AGRI-DEVT COMPANY 482,661 0 0
    MDIF MEDIA FINANCE I B.V. 977,812 1,651,056 1,651,056
    MEDIA DEVELOPMENT INVT FUND 2,000,000 0 0
    NEW HAMPSHIRE COMM LOAN FUND 7,500,000 7,500,000 7,500,000
    REAL PEOPLE INVT HOLDINGS 3,818,410 3,651,520 3,651,520
    SELECT AFRICA 2,996,500 2,996,500 2,996,500
    GLOBAL ACCESS DIAGNOSTICS 0 2,715,450 2,715,450
    ALLOWANCE FOR EST. LOSSES -6,089,641 -5,103,229 -5,103,229


    TY 2020 OtherDecreasesSchedule
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Description Amount
    FOREIGN CURRENCY TRANSLATION LOSSES 141,103


    TY 2020 OtherExpensesSchedule
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELECOMMUNICATIONS 3,335 0 0 3,335
    DUES AND FEES 20,000 0 0 20,000
    BK CHGS AND LTR OF CREDIT 4,130 0 0 3,056
    LIABILITY INSURANCE 11,391 0 0 20,247
    NY CHARITABLE REG. FEES 25 0 0 25
    OTHER EXPENSES - PROVISION        
    FOR LOANS - PRI -986,418 0 0 0


    TY 2020 OtherIncomeSchedule2
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Gain ON FOREIGN CURRENCY TRANSACTIONS 48,889 0 0
    LOSS ON PRIS UNDER EQUITY METHOD OF ACCT -10,437,064 0 0
    PRI Investment Income 419,289 419,289 0
    Other Income 42,240 0 0
    Partnership Loss 0 -1,197,093 0
    Federal Excise Taxes 15,474 0 0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO AFFILIATE 8,698 916
    DUE TO NON-AFFILIATES 42,240 0
    ACCRUED POST RETIREMENT MEDICAL 427,375 396,112
    EMPLOYEE PAYABLES 0 1


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Soros Economic Development Fund
    EIN:
    13-3965896
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES/SRVC AGREEMENT 775,106 0 0 799,506