George Soros Gives Billions to the Open Society Foundations

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George Soros is one of the world’s leading Philanthropists. He has given more than $40 million from his wealth to fund organizations. George Soros is the Chairman of the Soros Fund Management, a firm that is based in New York. He is also the founder of Open Society Foundations. Mr. Soros gave $40 million to a nonprofit corporation called Open Society Foundations. In 1993 he established Open Society Institute to support the growth of democratic institutions all through the Soviet Union and Eastern and Central Europe. In 2013, the Open Society Foundation presented $185 million in donations that included $11.3 million to a college by the name Bard to support cooperative liberal, fine art programs to four universities.Under his management, the Open Society Foundations ensured the organizations and individuals across the globe could fight for freedom of expression, a society that promotes equality and justice, and accountable government. The foundation also provided thousands of school fees and university fees to the hopeful students who otherwise would have been excluded from opportunity because of where they live or their identity.

Most of his giving often concentrated to those who faced discrimination only because of who they are. In Europe, he supported a group of Roma people who were pushed to the limits of mainstream society like sex workers, LGBTI people, and drug users. Born in 1930 in Hungary, Mr. Soros experienced firsthand intolerance. Between 1944 and 1945 he survived through Nazi occupation which resulted in the massacre of more than 500,000 Hungarian Jews. Many of his Jewish family endured by securing fabricated identity papers that canceled their background and they also helped others do the same. As the Communalists consolidated supremacy in Hungary after the conflict, George left Budapest to London in 1947. For him to support his educations at London School of Economics, he worked as a waiter in the nightclub and also as a railway porter part-time.He relocated to the United States in 1956 where he entered the world of investment and finance where he made his fortune.

With this wealth, he created Open Society Foundations which is a project, a partner and network of foundations in more than 100 nations. Their work and name echo the influence on his thinking of Karl Popper philosophy which he first came across at the school of economics. Popper in his book “Open Society and its Enemies” urges that no ideology or philosophy is the final arbitrator of truth and that the society can flourish if only they allow freedom of expression, respect for individual human rights and democratic governance. That was the approach to the opening of Open Society Foundation. Soros started his philanthropy by giving scholarships to South Africans in 1979 under apartheid. He helped to promote open discussion of ideas in communalist Hungary by financing educational visits to the west and assisting fledgling self-governing cultural groups and other creativities. His giving has stretched beyond his foundations supporting independent organizations such as European Council on Foreign Relations, Global Witness, and International Crisis Group.

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