George Soros Donates $ 18 Billion to Strengthen the Open Society Foundations

That George Soros is one of the most philanthropic individuals of our generation is undisputable. Over the years, he has channelled billions of dollars to different philanthropic organizations which advocate for different courses meant for the betterment of human life in different parts of the world. And now, Mr Soros has cemented his position as one of the topmost philanthropists by donating a breathtaking 18 billion dollars to the Open Society Foundations. This donation, reported by the New York Times, has made the Open Society Foundation the second biggest philanthropic organization by financial power in the United States behind the Bill and Melinda Gates Foundation.George Soros founded the Open Society Foundation over three decades ago as a vehicle for advocating for human rights and promoting the establishment of democratic forms of governance. The society has had operations in over 120 countries around the world, making it among the most widely spread charitable organizations in the world. While the attention of the society in recent years has been channelled to philanthropic courses in other parts of the world, it has been redirected back to the United States since the election of President Donald Trump in 2016.

Noting an increase in hate crimes in the country since President Trump was elected; Mr Soros donated 10 million dollars to help address these crimes. The 18 billion dollar donation to the Open Society Foundation places George Soros right back in the centre of American political discourses after a lengthy hiatus. Specifically, it places him at odds with conservative critics who have in the past spoken against his involvement in American politics.Soros first caused riffles in the American political scene when he actively campaigned against the re-election of President George W Bush in 2004 after the scandalous Iraq War. He did this by funding groups and organizations that took measures to curtail President Bush’s re-election. However, he fell from the political limelight after the election of President Barack Obama, although he has been an instrumental supporter of the Democratic Party throughout. During the 2016 presidential election, George Soros was one of the main donors to the Hilary Clinton campaign as well as those for other Democratic Party politicians.

Open Society Foundations vice president Patrick Gaspard, who is expected to rise to the position of president by the end of the year revealed that President Trump’s election gave the organization a heightened sense of urgency, which is perhaps the reason why Mr. Soros made such a huge donation.George Soros was born in Hungary in 1930 and was only a teenager during the Nazi-German occupation of the country. As a Jew, he experienced first-hand the effects of persecution on account of race and has been inspired by this experience to effect changes in the world to prevent it from happening to others. According to the Open Society, he left Hungary at the age of 17 for England to pursue an Economics Degree from the London School of Economics. Despite coming from a humble background, he did odd jobs to support his education was able to graduate, eventually immigrating to the United States where he made his fortune.Great success in the financial industry gave him the power to pursue his passion for effecting change in the world. It is behind this backdrop that he founded the Open Society Foundation and had donated large sums of money to pursue philanthropic courses around the world.