George Soros Donates $18 Billion To His Organization, Open Society Foundations

Billionaire hedge fund manager, George Soros, has donated $18 billion to the Open Society Foundations. The organization is owned by Soros, who is also a major Democratic donor. Soros’ donation is among the largest transfer of wealth that has ever been made by an individual to a single foundation. The donation was only disclosed recently. Over the years, he has been donating huge sums of money to the foundation. The donation transformed the Open Society Foundations into the second-largest charity organization in the U.S. In addition, this gesture will place George Soros squarely at the core of debates in the country.

George Soros founded the Open Society Foundation over 30 years ago. The foundation seeks to enhance democracy and uphold human rights in over 120 countries. Over the years, the organization has been investing in initiatives seeking to protect the rights of gays and lesbians, and reduce abuses by the police. During the Ebola outbreak in 2014, the Open Society Foundations supported different treatment centers. In addition, the foundation supported one of Roma’s cultural and art centers. They also engaged in initiatives seeking to protect individuals in the U.S. from what was referred to as “a national wave of hate incidents” following the 2016 election. At the time, George said that they needed to act to push against what was happening. To this end, Soros pledged $10 million to help in preventing such violence.

According to Eileen Heisman, Soros is making a big statement. Heisman notes that Soros has a clear point of view, which he is not trying to hide. Eileen Heisman is the CEO of the National Philanthropic Trust, a revered non-profit organization that works closely with different foundations. The Open Society Foundations’ vice president, Patrick Gaspard, posited that President Trump’s election had brought a sense of urgency to the organization’s work. He particularly cited that Trump’s commission faced criticism from Democrats owing to their views on voter fraud. According to Gaspard, the commission lacks integrity. He talked about the need for equal access to protection. Read more at Fortune about George Soros.

As a young boy growing up in Hungary, George saw the atrocities committed against the Jews. He survived the Nazi occupation. In 1947, Soros flew to London when Budapest was under the communist rule. Later, he moved to the U.S. where he worked on Wall Street. In 1992, he made $1 billion after betting against the British pound. Owing to his success with the trade, Soros become an international figure. Soros’ aggressiveness against the pound pushed the authorities to devalue the currency. This information was originally mentioned on NY Times as outlined in this link https://www.nytimes.com/2017/10/17/business/george-soros-open-society-foundations.html

As one of the leading philanthropists in the world, Soros has supported individuals and organizations through the Open Society Foundations. His support focuses on initiatives that seek to promote the freedom of expression, justice and equality, and accountable governments. Soros started his philanthropy in 1979 by supporting black South Africans during apartheid. Subsequently, he advanced the exchange of ideas in communist Hungary. To foster critical thinking, George Soros founded the Central European University following the fall of the Berlin Wall. Presently, he supports independent organizations like the International Crisis Group and the Institute for New Economic Thinking. Follow George Soros on twitter.com.