George Soros is known to all for being a hedge fund manager who is a billionaire too. He is a major Democratic donor. Recently, he has given a donation of $18 billion to the Open Society Foundations. This is among the biggest transfers of money that have ever been made by any private donor to any foundation.
This donation has been made over a period of several years. This has transformed the Open Society Foundation into a large philanthropic organization in the US. It ranks second just behind the Bill and Melinda Gates Foundation.
This donation has placed George Soros in the middle of various social as well as political debates that are crossing the country right now.
The Open Society Foundation was founded by George Soros nearly 30 years ago. Today it is promoting democratic as well as human rights in over 120 countries all around the world. In the United States, this organization is investing in programs that are aimed at protecting gays and lesbians, besides reducing abuses by the police, and Twitter.com.
During the Ebola break in 2014, this organization had funded various treatment centers. They are also funding a center that promotes Roma art and culture. They are also making efforts to protect the American people from the hate incidents that have swept the country after the 2016 Presidential elections. Post the hate crimes, George Soros committed $10 million in order to prevent such kind of violence.
He is known for his political focus. This has made him make large donations to the campaign of Hillary Clinton and several other Democratic politicians. Also, this has made him the center of criticism from the Republicans. The fact remains that he has a specific point of view and he is not shy about it, and more information click here.
Currently, Patrick Gaspard is the vice president of the Open Society Foundations. He will soon be taking over as the President of this organization.
This philanthropy of George Soros is rooted in his past. This is because he was living in Hungary as a boy when it was occupied by the Nazis. In 1947, the country came under Communist rule. This was when he decided to leave for London and study at the London School of Economics. Then he moved on to the United States to work on Wall Street. He was successful there.
George Soros is known for the $1 billion bet that he made against the British pound. This was in 1992. He sold the currency so aggressively that the government was forced to devalue the pound.
As he became rich, George Soros began his funding efforts as he wanted to promote democracy as well as human rights in the US as well as across the world. This was when he established the first Open Society foundation in 1984 in Hungary. Through this, he decided to fight for free expression, democratic governance, as well as respect for human rights.
Since he has lived through Nazi Hungary, hence he knows what it is like to be living in a closed society.