George Soros’ Commitment to Ensuring the Success of the Open Societies Foundation

George Soros is appreciated across the world for his involvement in charity for the past four decades. He strives to improve the lives of the less fortunate people. The billionaire has given a significant percent of his wealth to facilitate charity undertakings, and therefore, he has been listed among the most generous people on earth. George Soros has made a lot of money from venturing into the hedge fund and currency speculation industries. He recently increased his involvement in charity undertakings by offering $18 billion to ensure that the Open Societies Foundation was stable for many more years. The philanthropist founded the organization, and he is its current chairperson. It is now listed as the second biggest philanthropy after the Bill and Melinda Gates Foundation. Since the 1980s, the Open Societies Foundation has transformed the world in various ways. It has established divisions in 120 nations and works with multiple groups to improve the world.

Soros’ charity foundation has taken part in several philanthropic undertakings for the time that it has been active. In 2014, it was on the frontline in the battle against an Ebola outbreak. The organization facilitated the construction of cancer treatment centers. George Soros has been involved in transforming the U.S politics, and he is a Democratic Party supporter. The billionaire has funded the party’s activities and candidates for years. President Obama benefited from his donations during his re-election campaigns in 2012. He also gave millions of dollars to various PACs that participated in Hillary Clinton’s campaigns in 2016. Soros has received a lot of criticism from the Republicans. In the past, the Open Societies Foundation was interested in international charity undertakings, but it has shifted its focus to the United States. The Trump administration has been harsh on immigrants and other minority groups.

Soros is a Jew who was raised in Hungary during a time when the Nazi people oppressed his community. This background has inspired his participation in charity. He has always wanted to help people who are despised by others. George Soros left his motherland for the United Kingdom where he had an opportunity to join the London School of Economics. He later started his career on Wall Street and has been quite successful. The billionaire got $1.5 billion from a currency speculation deal in 1992. His wealth has made it easy for him to support democracy and human rights. The Open Societies Foundation started by establishing its first offices in Hungary.

The annual budget of the Open Societies Foundation is currently estimated to be between $800 million and $900 million. The recent donation that it received from its founder has offered it the ability to increase its activities. Soros is now 87 years old and wants to make sure that his foundation will be able to run its operations even when he will not be around. To date, the Open Societies Foundation has transformed the lives of millions of people from across the world. It acts as a voice for the people who cannot speak for themselves.