George Soros: Using Philanthropy As A Global Effort

Open Society Foundations (OSF) isn’t like other foundations that award discretionary grants. Largely based on the significant ideologies of founder, George Soros. Soros created OSF in 1993; which is unique political and social backing gift giving network. Because it definitely bears the philosophical imprint of George Soros, as a grant making organization, OSF continually strives to make the greatest impact in political, social and global arenas.

George Soros started out by selecting a name from the title of a book by Sir Karl Raimund Poppe. However, long before OSF, Soros was a visionary of change; he felt compelled to help conform the “ideology” of Communism. His first philanthropic endeavor was signed in May, 1984. It was a joint effort that established a working partnership between the Soros Foundation and the Hungarian Academy of Sciences. That initial signed contract would later be preserved as an original document, as a part of the Soros Foundation Budapest.

Soros’ foundations concentrates the bulk of their time on supporting a variety of human rights initiatives. As with all of Soros charitable and philanthropic work, he isn’t afraid to put strong financial backing towards worthy causes. Some of the most notable gift giving expenditures have included: $2.9 billion dollars to help protect the rights of women and rally against ethnic, racial and LGBTQ discriminatory practices. Another $2.1 billion was spent improving the quality of education and also to strengthen democratic roots in the former Soviet Union and Eastern Europe.

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George Soros philanthropic organizations are often overshadowed by the American political climate. But, one only has to look closely to see how he isn’t just a man of ideas; he puts his financial support wholeheartedly towards causes that have global importance. In the introduction to his Open Society Foundations biography, we are provided with more personalized details about his philanthropic organization. Read more on NYTimes.com.

Having given a measurable sum of $12 billion to numerous foundations over the years; George Soros is making a firsthand social impact. His interest in global human rights, was etched into his soul by the atrocities he witnessed growing up in Hungary. Soros talks about his family’s fight for survival, it was a profound struggle against Communism. The gift giving he has done and continues to do was born out of determination to help those people who are still struggling.

After the Communist takeover of Hungary, a young Soros departed his homeland. He moved to London and began his educational pursuits; later starting a financial trading career. A career that helped amass a substantial fortune. He immediately founded, the Soros Fund Management. This American hedge fund would lead to George Soros being regarded as one of the most successful investor in current times.

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