According to the Open Society Foundations, George Soros gave a cash donation of $18 billion to the organization in 2017 to help in the running of the foundations’ agendas around the globe. This has seen the Open Society Foundations fight for many people around the globe who lacks the freedom of expression and fair justice systems. The foundations have also been able to meet the school fees requirements for many students enrolled in their programs who can’t afford college fees but shows promising academic performances. The donation has also been used to fight for individuals facing various discriminations globally. Overall, George Soros has helped various vulnerable members of the community. Majority of them include sex workers, drug users, and disaster-hit individuals.
George Soros Philanthropy Journey
The Hungarian-born George Soros hasn’t had an easy run. He was lucky to survive the terrible Nazi Occupation Massacre which claimed the lives of over 500,000 Jews. Since then, Soros swore to help the suffering members of the society. He left Budapest for London in 1947 and did a number of odd jobs to pay for his college education at the London School of Economics. After graduation, he moved to the US and entered into the Hedge Fund industry. He created his first hedge fund organization in 1970, and used some of the gains to establish the Open Society Foundations. The group offers charity to over 100 countries around the globe. In 1979, Mr. Soros was involved in the provision of scholarship programs to black South Africans. This was during the Apartheid Era and a majority of the students got to study despite the tension. In the 1980s, George Soros decided to give back to his native society. He funded academic projects that saw a number of Hungarians moving to the West.
Following the disruption of the Berlin Wall, George Soros founded the Central European University to promote critical thinking among the youth. After the Cold War, he managed to expand his philanthropy works into Latin America, Asia, and the United States.Other beneficiaries from George Soros soft side of financial giving include Global Witness, the Institute for New Economic Thinking, the European Council on Foreign Relations, and the International Crisis Group. In looking at Soros’s philanthropy works, one thing is clear about his legacy: his commitment and dedication to fighting the most challenging issues in the world are unquestionable. George has always insisted on the importance of handling all situations that appear difficult. According to him, all hard situations can be made light if handled with collective care and love. He believes in the spirit of providing opportunities to all through financial giving.
Overall, George Soros contributions to the Open Society Foundations amount to more than $30 billion since its founding. The $18 billion given by George in 2017 to the foundations highlights the epitome of his generosity, and will to help the less privileged. Mr. Soros continues to touch and change lives globally. He is an established investor with a soft side; a trait rarely found.