George Soros, the mega Democratic donor, is set to be at the center of social political debates in the US after revealing that he has channeled $18 billion to his foundation. The massive donation made to the Open Society Foundations is one of the largest transfers of money made by a private donor to a single organization. To this end, the Open Society Foundations (OSF) ranks as the second largest philanthropic organizations in the US after the Bill Melinda Gates Foundations. The hedge fund billionaire founded OSF three decades ago. The company’s first office was based in Hungary. His unique leadership and commitment has seen the foundation expand its footprints to 120 countries.
The vocal democratic supporter established OSF by adopting philosopher Karl Popper’s book, “The Open Society Its Enemies.” The book promotes democratic governance, respect for human rights free expression. George Soros’ foundation advocates for the above issues as well as accountable governments, and equality and justice in societies. OSF’s philanthropy targets different groups of people who are discriminated against for who they are, including gays and lesbians. In addition, the foundation has developed innovative programs aiming at reducing police abuses. Over the years, OSF has supported numerous initiatives, including developing treatment centers during the Ebola outbreak in 2014 and supporting the groups representing Europe’s Roma people. Most recently, Soros donated $10 million to causes seeking to protect citizens against hatred that erupted after the 2016 elections.
The 2016 election saw the 87-year-old Hungarian spend massively to support Hillary Clinton and other Democratic candidates and causes. His support attracted a fair share of criticism from the far right. For instance, the right-winged website, Breibart, accused George Soros of trying to make Ireland a “Pro-abortion country.” However, the populace of the country does not hold this view. Eileen Heisman, a leader at the National Philanthropic Trust, said that George is making the right move given the current state of America. She added that unlike the accusations from the far right, George is a transparent man. The vice president of OSF, Patrick Gaspard, mentioned that demand for the organization’s service increased after President Trump’s election. He accused Trump’s commission of integrity violations through voter fraud. This information was originally mentioned on NY Times as outlined and George Soros’s lacrosse camp.
George Soros was born in Hungary where he lived through the Nazi occupation that left over 500,000 Hungarian Jews dead. He escaped to London and later moved to the US to build his career by working on Wall Street. As a hedge fund manager, George started accumulating wealth due to his expertise in the field. His career peaked in 1992 when he made a $1 billion fortune after betting against the British pound. This success earned the heavyweight investor the title of “the man who broke the bank of England.” He has continued to invest through the Soros Fund Management. Over the years, George has engaged in philanthropic activities. OSF spends approximately $900 million annually. The president of Ford Foundation, Darren Walker, said that for the past 20years, OSF has made an incredible impact worldwide compared to any other foundation. This information was originally published on the Open Society Foundations.