George Soros making the largest transfer to Open Society Foundations
Top philanthropist George Soros just transferred $18 billion dollars to the Open Society Foundations. This one of the largest transfers ever made by a private individual to one foundation. The transfer was just made public but occurred over several years. Soros’ foundation the Open Society Foundations is one of the largest organizations in the United States, second to the Bill and Melinda Gates Foundation.
More than 30 years ago the Open Society Foundations was started and its goal is to promote open democracy human rights throughout the entire world and so far has reached into 120 countries. More recently, the Open Society Foundations turned their attention to the United States and funded programs that protect the LGBTQ community as well as reducing police abuse of minorities. The Open Society Foundations funded treatment centers for the 2014 Ebola outbreak protected people in the United States from what they believed was a string of hate incidents and George Soros’s lacrosse camp.
George Soros is best known for his political involvement over the years. He recently became a major donor to Hillary Clinton’s presidential campaign in 2016 as well as other key Democratic politicians. George Soros has made a number of contributions ranging in the millions to super PACs that were against Mr. Trump and learn more about George Soros.
Patrick Gaspard, the Open Society Foundations vice president said that the election of President Trump gave the foundation a renewed sense of urgency. George Soros’ past gave him a strong passion for philanthropy.
George Soros was raised in Nazi-occupied Hungary and later Communist controlled Budapest. He escaped for London and did work as a railway porter and then emigrated to the United States where he made a name for himself in the financial circles. He is best known for making a $1 billion wager against the British pound in 1992, earning him the nickname “the man who broke the Bank of England.”
George Soros established the Open Society Foundations through annual donations ranging from $800 to $900 million. His recent contributions have grown to $18 billion as he begins to plan his estate. According to the Open Society Foundations website, more than $900 million on programs and grants. Many expect George Soros to contribute $2 billion dollars in the coming years and more information click here.
The Open Society Foundations has left an imprint on societies all over the world. Soros and the Open Society Foundations has worked with minorities from all over the world including the Roma people in Eastern Europe and African-Americans in Cleveland, Ohio. Soros’ $18 billion dollar contribution is a majority of George Soros’ estimated fortune of $23 billion dollars and Follow him Twitter.com.