Open Society Foundation Receives $18 Billion From Its Founder, George Soros

One of the world’s most successful investors and most prominent philanthropist George Soros has given a whopping $18 billion donation to Open Society Foundation. The Wall Street Journal was the first media outlet to talk about the transfer according to an article on CNN on October 17, 2017. The foundation has already confirmed the donation. According to one official from the association, the process of transferring this cash has been there for several years.

The foundation has now become one of the largest charitable organizations around the globe. The only two funds ahead of it are the Bill Melinda Gate foundation by the Microsoft founder and Wellcome Trust. More reports said that the $18 billion that was donated is part of Soro’s wealth of about $23 billion.

The huge donation has now enabled Soros to control one of the most powerful philanthropic foundations in America and the world at large. Soros’ $23 billion net worth has made him the 20th richest person on the Forbes Magazine’s list of the richest Americans. According to one of the organization’s senior officials Laura Silber, the donation will not affect their spending. Instead, they will spend the money in advancing human rights, individual freedoms, justice, and democratic practices around the world.

What is Open Society Foundation (OSF)?

Open Society Foundation (OSF) is an organization that was started by Hungarian born American businessman George Soros with the aim of promoting democracy and accountability in different parts of the world. The foundation was started by Soros in 1979 using the money he had made out of his investments and is now present in over 100 countries.

Since the 1980s, the organization is believed to have spent over $14 billion. Over the years, the foundation has helped in the protection of the rights of the minority in different countries. Besides, minorities have gained recognition and have had an opportunity to actively participate in their societies. Some of the other greatest beneficiaries of the works of this foundation are drug users, HIV patients, the mentally disabled, and LGBT rights groups among others.

Who is George Soros and What Does He Do?

Early Life

George Soros was born 87 years ago in Hungary. During WWII, Soros and his family had to conceal their Jewish roots to evade the atrocities perpetrated by the Nazis. They helped other vulnerable people use the tactic to survive. After the end of the war, he left the country for England where he studied economics at the London School of Economics. He then crossed the Atlantic to America where he became successful in finance investment.

Philanthropy

Soros’ first philanthropy work involved provided a scholarship to black students from South Africa in 1979. He then founded the Open Society Foundation to promote democracy, freedom, and human rights in different countries around the world. During the Cold War, he supplied photocopiers used in reprinting banned texts thereby promoting information sharing in the Communist Eastern Bloc. Even after the end of Cold War, Soros has continued to support various groups in America, Africa, and Asia. He is one of the world’s biggest individual donors having given about $32 billion to various charitable causes in his lifetime. and Follow him Twitter.com

George Soros Role In the Ferguson Protests

One of the most liberal men in the entire world has been giving out his fortunes the entire time he has been rich. He is arguably the most generous man in the world and is known to have given out over 12 billion dollars since he became financially empowered despite holding the title of the Man Who Broke the Bank of England. George Soros, the Man Who Broke the Bank of England, was not always rich, neither was he always American. However, as you will note, he was always determined to assert his sovereignty and that of the people with whom he came into contact.

The uncanny economist and financial investor was born in Hungary back in the days when the Nazi Regime ran havoc in the world, slaughtering the Jewish people of Germany and other sovereign nations’ on whose territories they encroached. He, in his formative years, found himself in a peculiar situation where his fellow Jews were being flocked together in concentration camps and executed simply for being Jewish. Since he could not willingly concede into slaughter, he and his family forged documents and faked their identities to stay alive. In a concerted effort to preserve life, his family plotted with other Jews to pretend, and they made fake documents for other Jews as well. He later managed to leave Hungary for London where he worked two shifts like a manual and casual laborer to raise fees for his studies at the London School of Economics. After achieving his education, he flew to the United States to chase the American dream. Read more at Politico about George Soros.

George Soros became financially independent and even started his hedge fund to consolidate financial gains. He inclined to philanthropy with every dollar that he made on top of what he needed to stay afloat. By 1979, he had founded the Open Society Foundations. His style of philanthropy started taking shape when he offered liberal black South Africans scholarships to equip them with the necessary skills to oppose the Apartheid Regime. His liberal nature took more shape when he funded the publication and duplication of banned literature in oppressive African regimes that tried to silence the people. The documents sparked rebellious feelings, and the people began agitating for democracy and the respect for their rights. He continued to flex his financial muscle against oppression across the world and even concentrated his dedicated efforts in strengthening the Democratic Party in the United States. Read more on NYTimes.com.

The Ferguson Protests

The Ferguson protests erupted spontaneously and violently after a racially motivated police murder of an unarmed 18-year-old. The situation was spinning out of control and could have resulted in further racially motivated violence. George Soros sought to intervene and better organize the unfortunate event to consolidate gains against racial profiling, police brutality and discrimination. He spent 33 million dollars organizing activists, bus rides and mass social media campaigns with the #BlackLivesMatter hashtag campaigns. Lobby groups that benefit from his philanthropy also created documents capturing cases of police brutality in the Island and argued why and how errant police officers should be held accountable for their actions for the sake of peace and confidence in the police by the general public.

Law in Brazil

There are a lot of people who are moving to Brazil or starting a business there. With all of the growth and change in the country, now is the time to start thinking about the future. If you are going to start a business there, you need someone who can explain business law to you. Not only that, but you need someone who truly cares about your experience during that time. Ricardo Tosto has a great track record of success in this area. Not only does he truly care about clients, but he also wants to help them in a variety of other ways as well. Over time, he has proven to want to help others on his journey to building a great law firm.

Ricardo Tosto

When Ricardo Tosto was young, he had the dream to start a law firm. Although the journey has not been easy, Ricardo Tosto has worked hard to get where he is today. Not only that, but he truly wants to invest in the lives of other people in the community. No matter how successful he is getting, he always wants to focus on others. In the past few years, Ricardo Tosto has expressed an interest in investing in the local community. In the coming years, he even wants to build a new location so that he can service new customers. Although the internet is available to almost everyone in Brazil, few people are doing their legal work in this manner.

Final Thoughts

Ricardo Tosto has had a great career, and it still has a lot of promise and growth. If you want to learn how to invest for the future, a lot of people can help you during that process. With all of the changes that have taken place in this area over the years, Ricardo Tosto has proven that he truly cares about the lives of other people. He provides a valuable service to the local community, and he is there to help others in times of need. He is a great example of the power of a great lawyer in the nation of Brazil.

Betsy DeVos Cares About People

In the world of Philanthropy, there are many people who are known for their financial contributions. There are people who give millions of dollars to help many worthwhile causes. Financial contributions to help others has been a way to help people in need for a long time.

There are a variety of needs that people have and Philanthropy has been and continues to be a way that money is provided to the organizations and individuals who can help people. There are levels concerning providing help to people. Each level has things that are necessary. The role that Philanthropy plays in helping people is the financial support. Charities and other organizations use the money provided to help the people who need help.

One of the people who has been at the heart of Philanthropy over the past few decades is Betsy DeVos. She has demonstrated a special heart and concern for people in need. Through the years, Betsy DeVos has giving millions of dollars to help various causes. She has developed charities of her own and supported other charities in an effort to help people. While Betsy DeVos cares about many causes and issues, one of the main issues that she spends time helping with is education. Especially public education related to young people.

Betsy DeVos has a passion for education. She is on the front lines regarding helping to make changes to public education that will improve the public education system. Betsy DeVos feels that making it possible to allow parents and students to use vouchers to utilize at specific schools will give students the chance to receive a better education. In addition to vouchers, Betsy DeVos has other ideas related to public education that she feels will make the education system better for everyone.

Her Philanthropy efforts involve providing financial assistance to students interested in attending college by providing scholarships. Also, along with her husband Dick DeVos, the couple has started schools designed to help students receive a better public education. As a couple, Dick DeVos and Betsy DeVos have giving millions of dollars to help people in many different ways.

Betsy DeVos has a professional career that has allowed her to contribute in many ways to making the world a better place. She has served as the chairman of the Windquest Group and currently serves on numerous boards. Betsy DeVos is the current Secretary of Education. For several decades, Betsy DeVos has provided money to various organizations to help people. She has giving of her time as well as her money to help worthwhile causes. Visit their foundation at dbdvfoundation.org

Betsy DeVos has a passion for helping people. She believes in education and providing opportunities for people to receive a quality education regardless of their social or economic situation.

Interviewing Betsy DeVos: A rare glimpse into the DeVos family initiatives

I recently had the chance to interview Betsy DeVos and had a long talk about the philanthropic initiatives she and her family have been involved with through the years, and it certainly provided a rare glimpse to all the hard work the family has put through for the community. The DeVos family was instrumental in building the nation’s first private school program in Milwaukee which has gone on to grow all around the country in tremendous numbers. The idea to help low-income parents in supporting education for their children came when Richard (Dick) and Betsy saw their own children go to school and met parents who were doing their best to provide quality education to their children but could not do so properly. I was curious to know as to how her simple initiative turned into a nationwide movement. Betsy was more than willing to share the story. Dick and Betsy got involved with growing the initiative in a better manner. Dick ran for the State Election Board and got selected in 1990 while Betsy started a foundation that helped children from lower income groups choose a school of their liking. Her hard work in this field has led to further evolution and development of the American Federation for Children (AFC) which Betsy now chairs and operates. The AFC is involved in promoting education reforms through the expansion of charter schools in the state of Michigan with the program expanding to other states like Louisiana, Indiana, and Florida. The tax-credit scholarship program was very successful in Florida with more than 50,000 students attending a school of their choice thanks to the initiative of AFC. Betsy’s organization also faced some opposition in states like Louisiana which was against the AFC’s initiative but Betsy’s tenacity and hard work paid off to reform the state’s educational mandate. On being asked about the effect of technology and how it’s creating new avenues for school going students, Betsy is of an opinion that digital learning is still in its infancy and has a long way to go but it can certainly be used to boost learning and education.

Dick DeVos is a second-generation entrepreneur. He is the son of the late Richard DeVos who was the co-founder of Amway. He began work in the Amway Corporation in 1974 and has been instrumental in taking the network sales company to great heights. Dick and his Betsy are also involved in the Dick and Betsy DeVos Family Foundation which started in the year 1989. The foundation is involved in giving back to the community with various initiatives like education, community outreach programs and leadership programs.

 

Links:

http://www.newnetherlandinstitute.org/history-and-heritage/dutch_americans/richard-dick-devos-jr

Homepage

http://www.dbdvfoundation.org