Prominent investor, philanthropist and business man George Soros just made a $18 billion dollar transfer to the Open Society Foundation, a majority of his $24.6 billion fortune. The Open Society Foundations acknowledged the donation, saying it was part of an ongoing asset transfer, that has been going on for several years. The Open Society Foundations runs operations in over 100 countries. It’s main goals are to combat authoritarianism, promote human rights and support minority groups including refugees, the LGBT community, and minorities.
George Soros’ closest advisers have confirmed that he intends to leave his wealth to the Open Society Foundations, in the next few years or when he dies. The Open Society Foundation is currently valued at $18 billion, making it the second-largest nonprofit behind the Bill & Melinda Gates foundation. George Soros has gained recognition for his strong contributions to Democrat candidates and causes. Open Society Foundation has only recently turned the spotlight on its work to aid victims of hate crimes. The foundation works to prevent police abuse.
George Soros is originally from Hungary. Soros and his family managed to survive Nazi occupied Hungary, by securing false papers and identities. He later fled to London to attend the London School of Economics and work as a railroad porter. George Soros then emigrated to New York, where he made a name for himself on Wall Street. He became one of the country’s most successful investors in history. George Soros managed to start his own hedge fund with outside investors and later turning it into a family business, investing his wealth on behalf of the Soros family and his foundation The Open Society Foundations.
Over many decades, George Soros has made yearly contributions of $800 million to $900 million dollars to the Open Society Foundations. George Soros is expected to contribute $2 billion in the next few years. The Open Society Foundation continues to do work around the world. During the Ebola outbreak, the foundation helped fund treatment centers for those in the affected areas. Thy have also funded a center for Roma culture and art and are working at protecting those in the United States from what they call a “national wave of hate incidents” following the 2016 election.
The Open Society Foundations has acknowledged that they will not increase the number of grants it offers,despite Soros’ rather large contribution. The foundation is spending more than what is legally required on grants. Despite his age and health, Soros stays involved with the foundation’s work. The Open Society Foundation has gained a new sense of urgency following the election of President Donald Trump. George Soros’ and his foundation has made the largest impression on the world. George Soros’ contributions is being overseen by the same Soros Fund Management which oversees George Soros’ personal wealth. George Soros has had a continued impact on the United States and all over the world. George Soros has become the most vocal supporter of those in minority groups and those who have been neglected by everyone.
SWball January 10, 2018