George Soros Surprises Everyone With An $18 Billion Donation To Open Society Foundation.

The 87 years old George Soros is a successful Hungarian-American businessman and investor. He is also a political activist, a philanthropist, and an author. Today, George Soros is named as one among the most philanthropic people who have donated over $32 billion to organizations and individuals across the world which include; The International Witness Group, Institute for New Economic Thinking, Global Witness, and European Council on Foreign Relations.

Born in August 1930 in Hungary, Soros faced the brutality that faced the Hungarian Jews during the 1944-1945 Nazi occupation, through which he and his family survived. He left Budapest for London in 1947, where he attended his studies at the London School of Economics amidst working part-time to support himself. Soros emigrated to the United States in 1956 and there he started his investments. He founded Soros Fund Management in 1970, which became America’s most successful hedge fund. It’s through the fortune he got from the hedge fund that enabled him to start Open Society Foundation in 1984.

Open Society Foundation has partners and projects in over 100 countries globally. The aim of the organization under Soros leadership has always been to promote justice and equality in the societies, make the government more accountable and transparent, as well as push for the people’s freedom for expression. Other than that, the foundation offers school fees for promising students in different levels of education, who have been denied the education privilege due to their background, and identity.

His philanthropy can be traced back in 1979 when he gave scholarships to South African students during Apartheid. He also funded academic visits for the Communists Hungary in the 1980s. Soros also founded the Central European University which was ideally to foster critical thinking after the fall of the Berlin Wall. His support went global after the Cold War, reaching Africa, Asia United States and Latin America. In the recent past, Soros baffled everyone when he made a personal donation of $18 Billions of his net wealth to the Open Society Foundation. This was such a gigantic amount coming from a single person, and one of his largest, transforming the organization as one of the top philanthropic organizations in the world.

The donation made by Soros is being used by Open Society Foundation in Asia, to help their local partners such as Nepali Foundation, an organization that fights for the rights and compensation of the afflicted locals. Mongolian grassroots groups are also benefiting from the same, with organizations such as Network for Inclusive Education, which push for the education of the people with disabilities being among them. Indian start up investment companies, such as EM3 Agri Services, which support small-scale farmers with limited machinery access, to have an efficient and quick harvest, have also not been left behind by Open Society Foundation.

Recently, United States is also one continent that the organization is really attentive to, providing programs aimed to protect the rights of lesbians and gays, and reduce the hate wave that erupted after the 2016 elections. Soros philanthropy and independent stands have not been without resistance, but that has not stopped him from fighting for the rights of the people.

Visit More :

This entry was posted in Investment, Successful. Bookmark the permalink.