From Hungary, to New York, and Now to the Entire World: How George Soros Is Positively Changing the Face of Philanthropy

Open Society Foundations, a New York-based philanthropic organization, has been at the heart of George Soros’ huge donations. The organization, which ranks 2nd among America’s charity and philanthropic groups is said to have received not less than $18 billion from the American Hungarian billionaire since it was incepted. Such huge donations have placed George Soros right at the center of global socio political conversations, with some critics feeling uncomfortable with it. They are particularly disturbed by the fact that Soros is the first donor in the history of America’s philanthropic organizations to donate $18 billion or more to a single organization.

George Soros is a key advocate of human rights, equity, fairness, and good governance across the world. Soros played an instrumental role in the establishment of the Open Society Foundation about three decades ago, and he has walked with it in every step of the way. Thanks to his financial support, the organization has managed to establish bases in more than 120 countries. In the United States, in particular, Open Society has stood in defense of gays and lesbians over the years. This is in line with Soros’ belief that no one should be victimized or looked down upon by their sexual orientation. The organization also assisted medical practitioners in the fight against Ebola three years back. For his part, Soros made a personal donation of $10 million to quell the rising hate crimes that were witnessed in the aftermath of last year’s highly emotive America’s presidential vote. He was in some instance quoted saying that the election awakened some sleeping dark forces and they had to be stopped.

Political Involvement and Criticism

As part of his political involvement, George Soros has been a key ally to the Democrats and has in the past donated for campaigns against the Republicans. In last year’s election, for example, he made a substantial financial contribution towards Hillary Clinton’s campaign against Republican’s Donald Trump. This has not been going down well with the Republicans who have accused him of injecting undue influence to America’s political equation. Breitbart is particularly against Soros’ style of philanthropy and has on several occasions criticized him on its website over several issues.

Criticism notwithstanding, Soros has had his fair share of positive reviews and support from different quarters. National Philanthropic Trust’s Eileen Heisman, for example, defends Soros arguing that taking a stand and supporting it should not be the basis of criticism. Patrick Gaspard, the soon-to-be president of the Open Society Foundations, has also stood in the past in solidarity with Soros saying that his open opposition to President Trump and other Republicans is warranted. Ford Foundation’s Mr. Darren Walker, on the other hand, believes that Soros’ impact in global justice is unmatched.

Soros’ Early Life

George Soros was born in Budapest, Hungary 87 years back. He experienced the ruthless Nazi rule in his home country before relocating to Europe and later to the United States. After settling in New York, he managed to establish himself as a bold investor and hedge fund manager. In the early 90s, his boldness bore fruits when he won a $1 billion investment bet against the pound.

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