The Open Society Foundations charity has its work cut out. The organization carries out extensive programs that promote democracy, civil rights, justice and responsible governments across the globe. In a recent communication with CNN Money, the group revealed an ongoing wealth transfer initiative that will see the founder of the organization transfer a significant amount of his wealth to the charity. A few days ago, the Wall Street Journal documented that George Soros had transferred $18 billion to the foundation.
This capital injection will facilitate the operations of the Open Society Foundations in over 100 countries where the charity has established its presence. Some of the most significant problems that OSF has been actively combating are authoritarianism, judicial injustices, and discrimination of minority groups such as refugees and the LGBT community.
At 87, George Soros is still determined to bring positive change to the world. The billionaire plans to donate a significant amount of his wealth to the Open Society Foundations. Since it was founded in the early 1980s, OSF has spent over $14 billion towards various initiatives and funds according to the organization’s spokesperson Laura Silber.
Silber indicated that the Open Society Foundations is currently valued at $18 billion. This valuation makes OSF more substantial than the Ford Foundation. Using figures obtained from the National Philanthropic Trust, OSF is now second to the Bill and Melinda Gates Foundation in the list of the most significant charities in the world.
George Soros who’s actively involved in the American politics has always made his stand known as far as national governments are concerned. The billionaire is a significant donor to the Democratic Party in the US and is by far one of the most prominent critics of the Trump administration. George Soros has always been outspoken on the conduct and utterances of President Trump. According to the business leader, the Trump Government has normalized hate towards minority groups such as Hispanics in the United States. Follow George Soros on twitter.com.
George Soros’ philosophies were shaped by the unfortunate incidences he encountered when he was young. His father had to procure false identities for them to survive the Nazi occupation in the hometown, Hungary. George Soros got his college education at the London School of economics and later immigrated to the United States to build his career in finance and investment. His maneuvers in Wall Street coupled with a sharp business streak have enabled him to amass a lot of success in business.
The Open Society Foundations has contributed to the advancement of global humanitarian programs. In the United States, the organization has remained vocal on matters immigrants, justice, and democracy. In Europe, the fund has helped numerous civil rights groups and non-profit agencies advance liberal courses. For all the excellent work the Open Society Foundations has done, it has drawn critics who continuously misinterpret the actions of George Soros.
Now that George Soros has retired from the hedge funds business, he has committed a great deal of his time to the Open Society Foundations. The fund is his way of promoting change and good deeds in the society. Learn more at The Atlantic.