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George Soros and his Open Society Foundation

Posted by PhotoPhil on November 16, 2017 in Financial Expert, Philanthropy |

George Soros, a famous billionaire in the hedge fund, has recently donated an amount that totals to $18 billion to and the Open Society Foundation. The manager of a hedge fund has beaten the record by becoming a single individual that has ever given such an amount to a single foundation. The transaction was revealed to have been given out several years back but was disclosed to the public just last Tuesday. The amount of the donation has transformed the foundation to become the second in rank of the biggest philanthropic organization in the United States of America after the Bill and Melinda Gate Foundation. George Soros has also been put as the lightning rod in the country that faces convulsing political and social debates.

The foundation that George Soros founded more than thirty years ago has been working out a niche in the field of fighting for rights of the humans in many countries totaling over one hundred and twenty of them. The foundation has in the recent past turned its interest to the United States of America.

The organization was involved in funding the fight against Ebola outbreak in the year 2014. Additionally, it came to the aid of the center for Roma Art and Culture. Again it stands to defend the people in the united states from the movement known as ‘the national wave if hate incidents.’ George Soros who is now 87 years of age donated $10 billion to fight such violence.

He is also involved in politics. He has been the donation to democratic politicians including Bill Clinton. His entire support to the democratic politicians has raised critics from the Republican and fringed elements. Some websites such as the Breitbart have accused Soros of attempting to support pro-abortion in Ireland and preventing the influence of the European countries over their boundaries. Patrick Gaspard has said that the election of trump as the president of the united stated has given the foundation a new move. Learn more about his profile at forbes.com

George Soros has his philanthropic activities and behavior rooted in his past life. He was born in Hungary-a country that was highly dominated by the Nazi-and spends his life as a boy in the country. He then moved out of the country when the Budapest was brought under communism. He moved to London and then afterward to the United States and got success on Wall Street.

George Soros became lucrative in business and was at one point termed as the man that broke the bank of England. This followed after he had bet $1 billion against the bank of England. He aggressively sold the pound and in the end forced the government to devalue the pound. His fund expanded, and he drew his interest into funding organizations that fought for the democratic human rights. This was when he came up with the idea of starting the Open Society Foundation in Hungary around the year 1984. The name of the foundation was derived from the book by philosopher Karl Popper- Open Society and its Enemies- that argued for the democratic governance. It also tackled respect for individual rights. Read more about George at The New York Times.

 

Source

https://www.nytimes.com/2017/10/17/business/george-soros-open-society-foundations.html

https://www.opensocietyfoundations.org/people/george-soros

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