It was recently reported of George Soros tremendous giving to his organization, Open Society Foundations. Over the past several years, he quietly gave funds costing over $18 billion dollars, and this knowledge was made public a few weeks ago. The Wall Street Journal first reported his organization’s donation figure. And as a result, the Open Society is known to be the second, biggest philanthropic organization, after the Bill Melinda Gates Foundation in the US. And in the coming years, Soros is expecting to give a minimum of $2 billion to his organization.
Soros is a major donor to the Democrats and their causes, and he is a billionaire, hedge fund manager. His organization was found over 30 years ago, and it promotes human rights and democracy in over 120 countries. Over the last few years, this organization increased attention in the United States by investing in programs that protect lesbians, gays, and the reduction of police abuse reduction.
Other situations this organization dealt with include the following: They gave funds to treatment centers when the Ebola outbreak occurred in 2014, to a center for Roma culture and art, and towards efforts in protecting the United States citizens from what is considered a hate incidents’ national wave that happened after the 2016 election. Soros then pledged $10 million to prevent such violence when the hate crimes subsided and George Soros’s lacrosse camp.
Soros & His Organization’s Beginnings
As a young boy, Soros passion for philanthropy was instilled. Growing up in Hungary where the Nazis occupied, he saw and endured the Budapest being under Communist rule. He then lived in London and then the US. He found success in the US on Wall Street. He then gained the famous nickname, “the man who broke the Bank of England” when making a $1 billion bet in 1992 against the British pound, and his aggressive currency pound selling drove the government into devaluing the pound.
After significant growth of his fortune, Soros started the first Open Society Foundation in 1984 in Hungary. He derived the name of his organization from the book, “Open Society and Its Enemies” by Karl Popper, the philosopher. This book argued for free expression, democratic governance, and the respect for people’s rights and Follow him Twitter.com.
Soros gave his foundations annual donations for decades for approximately $800 to $900 million each year. His funding increased a few years ago partly as his estate planning.
Other Reference: http://www.forbes.com/profile/george-soros/