The Philanthropic Work of George Soros

George Soros was born on 12th August 1930 in Budapest Hungary. He survived through the Nazi invasion which left over 500,000 Hungarian Jews dead. His family survived through concealing their identities and hiding their backgrounds as well as those of their friends and neighbors. He moved to England in 1947 where he attended the London School of Economics and graduated with a master’s and bachelor’s degree in philanthropy. He put himself through school by working as a waiter and as a railway porter. In 1969, he started his first hedge fund; The Double Edge, which was later renamed as Quantum Fund. It is through the profits he got from this that he saved enough to start the Soros Fund Management in 1970. During the UK Black Wednesday currency crisis, he made a profit of 1 billion dollars because of his short sale of sterling pounds worth 10 billion dollars. He was therefore given the name ‘man who broke the Bank of England.’

He is a supporter of the American liberal and progressive political causes. He has made donations through the Open Society Foundation which he used his fortune to establish in 1979. Under his leadership, this foundation has supported many organizations and individuals fighting for the freedom of expression, justice, and equality all across the globe. He is also the primary founder of the Central European University in Budapest, the leading education center for the study of social sciences in the region. In 1979, he gave scholarships to South African black students under apartheid. He also promoted the freedom and openness of expression in Communist Hungary in the 1980s through finance academic visits to the west and Fledging independent cultural groups and other organizations fighting for the same. He has supported groups such as Global Witness, The European Council of Foreign Relations, The International Crisis Group, and the Institute for New Economic Thinking. Read more at Fortune about George Soros.

According to NY Times, Soros has continued to support the Open Society Foundation and the work it’s doing all around the world. He has traveled to different countries to advocate for positive policy changes with world leaders. He has committed his life to fighting the world’s most obstinate problems. George Soros transferred over 18 billion dollars of his fortune to the Open Society Foundation. This money is to be used for funding the organization’s work in the future. He has donated over 30 billion dollars to this organization since founding it.

George Soros has supported various political and social courses through open society. He founded the Open Society Foundation in order to establish open societies in place of authoritative forms of government to improve the society both politically and socially. The organization has promoted democracy and human rights in over 120 countries since its foundation. In recent years, it has concentrated on the investing of initiatives and programs that fight for the protection of gay rights and reduce abuses by the police in the US. In 2014, the organization funded center for Roma art and culture as well as treatment centers for the Ebola outbreak. He donated 10 million dollars during the 2016 United States elections to protect people from the violence that broke out. He is also a Democrat and has donated campaign funds to Democratic politicians such as Hillary Clinton. Read this article on politico.com about George.

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