George Soros’ Impact on the World through the Open Society Foundations

George Soros is a renowned philanthropist who is very active in the US political scene. In October 2017, it was revealed that George has donated a total of $18 billion to Open Society Foundations over the past couple of years. Thanks to the donation, the organization is now one of the biggest non-profit organizations in the US. The Open Society Foundations, which were established by George Soros, have been in operation for over three decades. They advocate for human rights and democracy in several countries. In the US, the organization is increasingly focusing on fighting for LGBT rights and against police brutality. Politically, George Soros makes donations to various Democratic politicians including Hilary Clinton when she was vying for presidency in 2016.

George Soros’ passion for philanthropy stems from his childhood. Having grown up in Hungary at a time when the Nazis were in control, he witnessed the abuse of human rights and lack of democracy in the country, and he did not like this one bit. He later moved to the UK and then to the US where he had a successful Wall Street career. George Soros achieved a lot in his career as a hedge fund manager, and this is what made him famous in the first place. Read this story about George at fortune.com.

George Soros made a lot of money on Wall Street and decided to use some of it to fight for human rights and democracy back in Hungary where he had witnessed the oppression of the people as he grew up. The first Open Society Foundation was founded in 1984 in Hungary. There are now more than 100 Open Society Foundations in various countries all over the world and Mr. Soros has never given up in the fight against abuse of human rights.

He strongly opposes US President Donald Trump and his policies, and that is why he funded other organizations that were against Trump during the 2016 election cycle. The Open Society Foundations are funded by donations from George Soros and other people and organizations. Initially, the annual donations to the foundations totaled about $850 million but George Soros later increased his donations to the foundations. According to political analysts and other philanthropists, the Open Society Foundations have had such a big impact in the world over the last 20 years. No other non-profit organization even comes close to what the foundations have done. The foundations’ annual spending on grants and programs is about $900 million, and this is way above the legal requirement. Read his profile at Business Insider.

Conclusion

George Soros is a firm believer in human rights, freedom of expression and democracy, and this is what he fights for through the Open Society Foundations. He is firm and very honest about his opinions on various issues, no matter how controversial they are, and this relentless spirit is what has made him so successful both politically and in his career as a hedge fund manager. At 87 years of age, he is still just as passionate about his beliefs as he was in the beginning. The Open Society Foundations are bound to have an even greater impact in the world in coming years.

Visit: https://www.georgesoros.com/philanthropy/

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