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George Soros makes Open Society Foundation the second-largest charity foundation

George Soros is among the top richest people in the world, and he is known for his philanthropic activities that have enabled the beneficiaries to achieve their goals. As we speak, George Soros is commanding one of the richest charity organizations in the United States and even globally. Mr. Soros recently transferred $18 billion from his fortune to Open Society Foundation, mapping it among the top philanthropic organizations according to the Wall Street Journal.

Open Society Foundation was started back in the year 1979 and started offering scholarships to Black South Africans during the apartheid as well as supporting justice and equality in more than 120 countries. But in recent times, Open Society Foundation has been concentrating more in the United States as seen in some of its programs including fight against police brutality. According to New York Times, Open Society Foundation helped in setting up treatment centers during the 2014 Ebola epidemic. The foundation also has been spearheading the ‘state healing’ process after the 2016 election. And to show he means business, Mr. Soros channeled $10 million towards preventing post election violence.

Open Society Foundation’s acts align with its mission of building vibrant and tolerant democracies. And since 1979, the foundation has donated almost $14 billion. On the other hand, friends close to George Soros comment that he is a man who has experienced a society where communication and democracy weren’t welcomed. This makes him appreciate its importance because he knows what happens when there is none. George Soros made his fortune in 1992 betting against British pound when it crashed against the European exchange rate. This earned him the name ‘the man who broke the bank of England. Soros is ranked 20th on 400 wealthiest Americans on Forbes Magazine with over $23 billion net worth.

He is a keen supporter of democracy and often fights for the voiceless. George Soros was born in Hungary and grew up during the Nazis wars. He witnessed the brutality done to thousands of Jews and to survive it; his family has to falsify their identity documents. When their methods proved to success, Soros extended the trick to other Hungarians and they all survived.

After the war, Soros went to London where he attended London School of Economics and later graduating with a bachelor’s degree and eventually a master’s degree in philosophy. Soros started his career as a merchant in various banks across England before leaving for the United States where he eventually founded his first hedge fund management company, Double Eagle. He used the profits to start a second firm, Soros Fund Management.

His political taste has for a long time stood in favor of the Democrats. Mr. Soros was the leading donor towards Clinton’s presidential campaign in 2016 US elections. And before, he had supported Obama. But besides this, Soros also shows support to political candidates who have development agendas that would help the public.

Open Society Foundation has offices in New York, Budapest, London, and Brussels with over 1500 staff and annual budget of almost $1 million according to their official website. The foundation channels largest share, 28 percent, of its funds towards democratic and human rights causes. And 23 regional and national leaders partake in determining the distribution mechanism of the grants.

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