George Soros Brings Hope to Societies through Open Society Foundation
George Soros, an American business mogul, and philanthropist has donated $18 billion to Open Society Foundation, an organization that advocates for democracy and human rights across the world. The landmark 18 billion-dollar funding marks one of the largest funding from an individual donor. With this funding, Open Society Foundation has been risen the ranks to become the second largest charitable organization in the United States after the Bill and Melinda Gates Foundation. The funding also places the founder and owner, Mr. George Soros among the largest philanthropists of all time. Open Society Foundation was founded more than three decades ago. Since its formation, the founder, Mr. Soros has been at the center of social and political activities of more than 120 countries, where the organization has reached in its quest to fight for human rights and democracy. The last few years, the organization has been criticized for its role in fighting and defending lesbians and gays as well as reducing police brutality against this category of people.
Over the years, the organization has reached several souls including the 2014 Ebola victims, protecting people against hate incidents in the United States especially after the 2016 election and contributing towards art and culture. For instance, after the rise of the crimes following the 2016 presidential elections, the Hungary-born American billionaire donated $10 million to end the violence. In a statement after the election, the business magnate was quoted saying that something had to be done to repel the dark forces that had been awakened by the polls. For years, Soros has been a leading funder of Democratic politics. During the 2016 election, he heavily funded Hillary Clinton’s campaign. His generosity towards Democratic politics has put him at the center of criticism. Currently, he has been accused of influencing Ireland to support abortion as well as reducing the power of European countries over their borders. The vice president of the organization, Patrick Gaspard states that the organization has gained more relevance after the election of President Trump.
Early Life of George Soros
George Soros, 87, was born in Hungary. As a little boy, he struggled during the 1947 Communist rule in Budapest. He later escaped the country and went to London, where he studies. He later migrated to the United States, where he grew his wealth on Wall Street. In 1992, he earned the title, “the man who broke the Bank of England,” after he won a $1billion bet against the British pound. As his wealth grew, he began fighting for human rights and promoting democracy. His passion for philanthropy has made him a force to reckon in the philanthropic world. For years he has been contributing about $800 to $900 million per year towards the organization. However, the last few years have seen an increased funding from the hedge fund manager. The increased funding means that Open Society Foundation surpasses Ford Foundation, in terms of impact on the society. Since its inception, the organization has reached Africa, Asia, America and Europe. The organization prosperity over the years has been pegged on Mr. Soros firm stand on issues affecting the community.