George Soros is known as one of the largest donors to Democrats in history. Since his fortune began to grow, he has promoted human rights and democracy. That is why he founded the Open Society Foundation in 1984. The first office was built in Hungary. He drew inspiration from the writings of Karl Popper. The main tenets of the Open Society Foundation are free expression, democratic governance, and respect for individual rights. Growing up in Nazi Hungary provided him with the spark of inspiration he needed to build such a society.
During the 2016 election, George Soros donated $27 million to Hillary Clinton and the democratic party. He also donated money to PACs that were opposing Trump. While betting in the financial markets that Trump would lose the election, he lost $1 billion.
For the majority of his life, he has funded his philanthropic enterprise – the Open Society Foundation. He made annual donations of more than $800 million or $900 million every year. However, over the course of the last few years, he has increased his donations to begin planning for his estate. By 2017, Wall Street Journal reported that George Soros had increased the organization’s endowment to $18 billion. It is projected that he will contribute another $2 billion during the next 2 years.
It is well known that no other philanthropic foundation in the world has had the same sort of impact that the Open Society Foundation has had. Even the Ford Foundation and the Bill and Melinda Gates Foundation do not come close to having the massive impact the Open Society Foundation has had. For the past two decades the Open Society Foundation has worked tirelessly to spread the truth and justice of democracy to the far reaches of the globe. Their footprint is a large and wide footprint that will outlast any single man.
The Open Society Foundation hands out grants and donations to those in need around the world every year. Currently, they make donations in excess of $900 million every year – more than the legal requirement.
The entity that manages George Soros’ wealth will also be in charge of managing the foundation’s wealth in the coming decade after George Soros’ death. He will ensure the organization remains financially solvent and effective in its mission.
The Open Society Foundation has been known to fund programs for the arts, open schools and universities, create health care facilities, and enforce human rights for those in need. They have been leaders in civil society. They represent the Roma in Eastern Europe, African Americans in Cleveland, Ohio, South Africans, and the Jewish in Hungary. They make sure that no one is underrepresented or forced to accept second-class justice. George Soros has sparked many debates in his lifetime. No doubt, these debates will continue once he dies. But one thing is certain: George Soros is a great man who has devoted his life to helping others. It is a wise journey that many cannot or will not undertake. George Soros is a great man.
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