George Soros of Katonah, NY donated $531 million in 2016 and his annual giving will grow in size in the future years. As a hedge fund legend George Soros, is among the Forbes 400 members. He survived Nazi Occupation in Hungary. He worked his way through London School of Economics by working for the railway as a porter a waiter in nightclubs. He found success on Wall Street in the United States after leaving London. In 1969 he came to New York where he founded his twelve million dollar hedge fund.
Planned Parenthood and Global Witness have been long term grantees of Soros’s donations over the years. From the Soros Fund Management, he moved $18 billion over the past few years to his Open Society Foundations. Founded over 30 years ago, Open Society indorses human rights and democracy in 120 or more countries. In the past few years, Open Society has begun focusing more on the United States. The Foundation has invested in programs that protect the lesbians and gays and has reduced police brutality. The Open Society Foundation will be funded by the ongoing process of funds from the hedge fund. The Foundation will live on longer than its founder and deploy support to dozen of endeavors across the globe.
George supported many different agendas. He supported programs on anti-death penalties, needle-exchange and legalization of drugs. As a recipient of funds from the Open Society Foundation, Drug Policy Alliance is helping to secure new treatment policies for drug offenders and loosening the narcotics laws. He feels that drug offenders who are not violent should be given every opportunity to reenter society successfully.
During the Ebola outbreak in 2014, the Foundation funded treatment centers. It also promoted a center for Roma art and culture and protected people against “a national wave of hate incidents” after the 2016 election. After the rise in crimes, after the election, Soros committed $10 million to preventing such violence. He also supported the relaxed immigration policies Black Lives Matter movement in the United States.
Mr. Soros earned the nickname “the man who broke the Bank of England in 1992, when he made a $1 billon dollar bet against the British pound. His aggressive selling of the pound forced the government to devalue the pound.
In Hungary in 1984 he established the very first Open Society Foundation to promote human rights and democracy. He argued for free expression, respect for each individual to have rights and democratic governance. Open Society Foundations advance the public health systems, business developments and education in regions all over the world. Soros believes that his donations will encourage national global change.
The Open Society Foundations are the second-largest philanthropic group. The Wall Street Journal confirmed that the transfer did go through and was sent to the Foundation. As a progressive and extremely wealthy political activist he expresses his ideas through his contributions to political social organizations. Mr. Soros believes that “In my definition an open society is an imperfect society that holds itself open to improvement.