George Soros Powerful Investor with a Heart of Gold
George Soros is an important figure in the political and economic sphere of the United States and has been so for the last few decades. Ever since George Soros moved to the United States from London after completing his studies at London School of Economics, he has come to the limelight. Whether it is starting his hedge fund that went on to become one of the most profitable hedge funds of all times, or his decision to short British Pounds and put UK’s economy to brinks of darkness, George Soros has been in the news for one thing or the other. Media loves him and follows his every move, whether it is trying his best to put Obama out of power or spending millions to make Hillary Clinton the next President. As far as philanthropy is concerned, George Soros is among the leading supporter and a generous donor to many social organizations in the world. He founded Open Society Foundations about three decades back and promotes democracy rights and human rights in nearly 120 countries around the world.
George Soros recently announced that through Open Society Foundations, he had already donated about $18 billion to different institutions. Today, OSF is the second largest foundation in the world. George Soros has donated most of its fortune towards his foundation and plans on giving the rest of what is remaining before he dies. He has donated about $800 to $900 million annually to the charity that has helped them award grant amounting to $14 billion in the past three decades. Most of the donations were given to pro-democracy, human rights causes and social justice groups. His first significant contribution was to fund the scholarships for black South Africans back in 1979. George Soros set up a foundation in Hungary in 1984 where he donated money so that photocopiers could be distributed to libraries, schools, and civil society groups. It became a critical tool to promote free speech and exchange of ideas to weaken the regime and push towards democracy. His foundation also contributed to the humanitarian effort after the war in Yugoslavia during the 90’s. He also supported many groups who were fighting for causes such as LGBTI rights, disability rights, women’s rights, international justice and more.
George Soros also donated $5 million to UNICEF and the International Crisis Group in the past. More recently, he contributed to the Human Rights Institute of the University of Connecticut. George Soros is also a big donor to many educational institutes and to the groups that work towards major educational development in the country. He has donated about $100 million to different universities and schools in the former USSR. He also supports higher education programs dedicated towards the minorities group. The foundation is also funding many programs that are dedicated towards the protection of the rights of gays and lesbians and to reduce police brutality against them. George Soros plans to spend another $2 billion out of his $23 billion assets towards other similar causes in the coming years.
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