Paul & Daisy Soros Foundation is a private foundation based in New York, New York. Established in 1997, the foundation provides grants to new Americans for their studies. The foundation primarily provides grants to permanent U.S. residents, naturalized U.S. citizens and U.S.born applicants who are the children of two naturalized U.S. citizens. The assets of the foundation are managed by the board of trustees.Paul & Daisy Soros Fellowships' for New Americans investment portfolio is valued at over $48.44 million, with investments in private equity, hedge fund, and cash.