George Soros Donates $18 Billion to His Open Society Foundation

A prominent American businessman and hedge fund investorGeorge Soros has given $18 billion of his estimated $23 billion wealth to a foundation he started about three decades ago. Forbes Magazine lists Soros as the 20th richest person in America. According toThe New York Times, this transfer represents the most significant donation by a private donor to one organization. The contribution has made thegroup the second biggest charity organization in America, with Bill and Melinda Foundation holding the top position.This is not the first time that Soros has donated to the organization according to The Washington Post. He has a long history of giving his wealth to liberal causes. In 1979, the group carried out its first charity activity which involved providing ascholarship to black students from South Africa when the country was under apartheid rule. According to the chief executive of the National Philanthropic Trust Eileen Heisman, most of Soros’ donations are made politically. As a result,this contribution has attracted the attention of so many people. One senior official of the foundation was quoted saying that OSF is not going to changes its expenditure due to theenormous amount of money they have received.

Who is George Soros?

George Soros was born about 87 years ago, in Hungary during the Nazi occupation of the country. He survived their atrocities by concealing his Jewish roots and assisted more people to use the same tactic their lives. After WWII, Soros left Hungary and went to live and study in England. In London, he studied economics at London School of Economics. After sometime, he crossed the Atlantic Ocean where he became a successful investor.

How Soros Has Helped People Through Open Society Foundation

Since the establishment of this association in 1984, over $14 billion has been given out. The greatest beneficiaries have been groups and organizations fighting for the freedom of expression, accountability in government, and justice and equality in the society. Students have not been left behind as the foundation has provided fees to thousands of them around the world.Most of the activities of the organization focus on the minority and people facing discrimination in the society. Europe’s Roma people are some of his beneficiaries. He is known to support drug users who have been rejected by the community. Others such as sex workers and the LGBT have also received a lot of assistance from Soros through OSF.OSF is now present in over 100 countries through various other charities, partners, and activities. All these groups have one thing in common, they believe on the importance of democracy, freedom of expression, and human rights as aprerequisite for development in a given society.

Soros and Politics

Soros has a long history of supporting the progressive causes and the American Democratic Party candidates. He was against President Bush’s administration and policies especially on thewar in Iraq and Afghanistan. Between 2008 and 2012, he provided financial assistance for the election and re-election of President Obama. In 2016, he also gave donations to Hilary Clinton’s camp. Since then, he has been providing financial support to various nonprofit organizations opposed to President Donald Trump.

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