George Soros, one of the world’s most successful investors and named one of Forbes magazine’s wealthiest businessmen, recently donated $18 million to his nonprofit foundation. The Open Society Foundation will benefit from the donation for the use of grants, scholarships and community restructuring all across the globe.
Founded in 1979 by George, the Open Society Foundation leads the world’s charge to empower people to bring forth better opportunities to live in society with dignity, honor and humanity. The majority of the grants that are awarded to organizations are those that the foundation approaches directly due to the work already being conducted by the organization. However, the organizations who have a supportive public following often reach the foundation’s grant list by continued open calls received by Open Society Foundation.
George has been unfairly demonized by those who unknowingly or unwillingly seeing his compassion for the world community. Being one of the wealthiest men in the world with an estimated net worth of $8 billion, George has been the target of many unfair conspiracy theories that surround the political climate and social awareness efforts. Despite those efforts by those who seek to discredit his incredible philanthropy efforts, George continues to serve the communities of the globe and makes a huge difference.
With a theme in the country of “Wealthy America” verses “Main Stream America”, the incredible contributions that George has given to society has been misconstrued in ways that have left some to believe the untruths of his factual efforts. George was raised during the Nazi-Germany ERA that lasted until his immigration to England in 1947. His business skills and knowledge of economics, which he learned from the London School of Economics, provided him a pathway to become successful as well as give back to society.
Since becoming wealthy, George has consistently donated to worthy causes within the United States and abroad. He has contributed to civil rights groups, minority groups, political causes and equal rights groups that include the gay and lesbian community as well as women rights. George donates to the New York City school system which has amounted to over $35 million to contribute to the well-being of underprivileged children and assist their parents who are in low-income situations. His donations within U.S. politics have been widely publicized through his support of former President Barrack Obama as well as Democratic Nominee Hillary Rodham- Clinton.
With his roots in Hungary and being born in Budapest, in 1984 George provided a budget of $3 million to start the first Open Society Foundation in the country. He was also credited with helping the economic crisis surrounding Central Europe and Eastern Europe and donated $100 million to the non-government agencies throughout the region. Open Society Foundation has been instrumental in combating the HIV and AIDS crisis in South Africa through its initiative of collaborating with organizations for human rights, economic development and poverty reduction.
It is estimated that George Soros has provided more than $11 billion towards philanthropy causes over the last four decades.