George Soros Transfers $18 Billion to his Open Society Foundations

Billionaire philanthropist George Soros has given $18 billion to his Open Society Foundations in one of the most substantial wealth transfers ever made to a single foundation by a private donor. The donations, which have been made quietly in the past years, were only disclosed recently in a move that reflects an ongoing process of asset transfer that has been underway for years. The money is meant to fund the future work of the society and brings his total giving to the foundations since 1984 to over $30 billion.

According to the organization’s spokesperson, his recent donation comes from his wealth. Forbes lists his net worth at $23 billion. CNN Money revealed that 87-year-old Soros plans to leave a vast majority of his wealth to the Open Society Foundations. With its current value placed at $18 billion, the organization is larger than the Ford Foundation. This brings the philanthropic organization to the second largest position in the United States, coming second to the Bill and Melinda Gates Foundation.

The Open Society Foundation was established in the United States in 1993 and is committed to fighting the most intractable problems in the world. It aims to create more transparent, accountable and democratic societies. While the funds are international, Forbes notes that they are also used to enable local partners. The organization has outposts in more than 120 countries to help equip local people with the rights, tools, and knowledge to look at themselves in the long term.

It spreads its efforts around ten themes, which include human rights movements and institutions, early childhood and education, the rule of law and justice reform. It also funds public health efforts and refugee relief.

According to nytimes.com, the society has increased its attention to the United States. It has invested in programs to reduce abuse meted on gays and lesbians by the police. It has also funded efforts to protect United States citizens from a spike in hate crimes observed after the 2016 election. To prevent such violence, Mr. Soros committed $10 million to the cause.

George Soros fled Hungary for Britain to escape Nazi occupation in the 1940s before moving to the United States where has become one of the world’s most successful investors. For decades, he has been involved in philanthropic efforts for decades. According to the foundations’ website, Soros began his philanthropy in 1979 by offering scholarships to black South Africans under apartheid.

He later helped promote an open exchange of ideas by funding educational visits to the west in Communist Hungary. He also created the Central European University after the fall of the Berlin Wall. This was in a bid to boost critical thinking, which was a foreign concept in most universities at the time, in the former communist bloc. Follow George Soros on Twitter.

Currently, his giving goes beyond his foundations to support independent organizations such as the International Crisis Group, the European Council on Foreign Relations the Institute for New Economic Thinking, and the Global Witness. The Los Angeles Times places the foundation’s budget for 2017 at $941 million.

Civil Rights And Social Reform Become Important To George Soros’ Open Society Foundations

The life of George Soros has included a series of times when the man now estimated by Forbes to be worth over $25 billion was struggling to survive as he lived under the rule of Nazi forces and the Soviet dictatorship that ruled his native Hungary from 1943 onward. Born into a Jewish family living in Hungary, the Soros family changed their name and obtained papers hiding their Jewish backgrounds in a plan that allowed the family to avoid becoming some of the more than 500,000 Hungarian Jews killed during World War II; only after the Nazi occupation was over and the restrictive human rights of Soviet rule had taken over did Soros set out to journey to London as a refugee and start his studies at the London School, of Economics, according to the Open Society Foundations.

After completing his studies at the London School of Economics, George Soros set out to develop his financial career as an investment specialist who would make his name and fortune as the head of his own hedge fund established with just $12 million, which now has estimated assets under its management of over $30 billion. Since 1979, George Soros has sought to develop his philanthropic work with an emphasis on the creation of a fairer, more democratic society across the world; the Open Society Foundations was originally founded to aid those stranded in human rights abusing areas of Soviet era Europe where institutions were restricted from teaching about freedom of speech and democratic philosophical theories. The protection of the rights of the people of the world has continued for George Soros as he has set out to create a fairer nation in the U.S., where the New York-based hedge fund manager has become one of the most important protectors of the human rights of minority groups. Read his profile at Business Insider.

During the Ferguson protests, George Soros and the Open Society Foundations became the focus of much media attention because of the role played in the advancement of the cause of social reform played by the founder of Soros Fund Management. After the shooting of Michael Brown in Ferguson, Missouri, a number of important groups came together to form the “Hands Up Coalition”, the majority of which are funded by George Soros’ Open Society Foundations. Among these are the Dream Defenders, Organization for Black Struggle, and the Missourians Organizing for Reform and Empowerment; in total, The Washington Times reports the Open Society Foundations has backed Ferguson protest groups to the tune of $33 million provided for groups seeking to protect human rights and create a fairer form of social justice across the U.S. Learn more about this article at washingtontimes.com.

The Human Rights Foundation Exposes Those On Dictators’ Pay

Rapper Nicki Minaj has been a controversial figure lately. As New York Post reports, he performed in Angola at an event sponsored by an organization with links to country’s dictator, Jose Eduardo dos Santos.

Angola, a former Portuguese colony, is doing quite well in recent years, mostly due to its mineral wealth. It hasn’t fared as well on the human rights front. Mr. Santos runs the country as a dictator and has been known for suppressing political opposition.

Opponents, including other politicians and journalists, have been harassed and imprisoned, with some allegedly killed.

Despite its immense oil and diamond deposits, Angola is a country where more than 70% of population lives for under $1 a day. Meanwhile, the country’s dictator is accused of acquiring massive wealth at the expense of his own people.

Before the concert occurred, The Human Rights Foundation’s president, Thor Halvorssen, pleaded with the rapper to cancel the performance, claiming the money she’ll receive ($2 million)comes from corruption and human rights violations. Yet, Minaj couldn’t resist and went on with the concert.

Other celebrities are known to perform for dictators in exchange for large payouts. Take Mariah Carey who sang for the former Libyan dictator’s family in 2008. The Khadafy family paid $1 million for the service.

Kanye West got $3 million to perform for the grandchildren of Nursultan Nazarbayev, Kazakhstan’s President, a man with dubious human rights record.

The Human Rights Foundation keeps an eye on such events and exposes those willing to perform for thugs in exchange for pay. The organization was founded and is presided over by Thor Halvorssen, who’s also a film producer. He started the foundation after his mother was shot in a political protest back in 2004.

In addition, he has founded The Oslo Foundation. Every year, this organization brings together well-known public figures, including Nobel Prize winners and top policymakers. On top of it, Mr. Halvorssen documentaries expose human rights abuses.