George Soros makes $18 billion transfer to foundation

George Soros just transferred $18 billion dollars to the Open Society Foundations. His contribution became one of the largest transfers made by a donor to a foundation. Soros’ contribution was just made public but the actual transfer was made over the past few years. The Open Society Foundations has become the second largest organization in America, behind the Bill and Melinda Gates Foundation.

George Soros’ started the Open Society Foundations more than 30 years and has been promoting open free societies as well as human rights in more than 120 countries. However the Open Society Foundations is now focusing its attention on the United States and has begun funding projects that protect those in the LGBTQ community as well as reducing police abuse. In response to the Ebola outbreak in 2014, they built treatment centers for those affected. They continue to protect people in America who are being attacked by a wave of hate incidents.

According to the Open Society Foundations website, George Soros has been politically driven his entire life. He has been a key contributor to Hillary Clinton’s 2016 campaign as well as other key Democratic politicians. According to the New York Times, Open Society Foundations vice president Patrick Gaspard said the organization gained a sense of urgency following the results of the 2016 election.

George Soros survived the Nazi occupation of Hungary and then later survived the Communist control of Budapest. He later escaped to London where he worked as a railway porter and then emigrated to the United States where he entered the world of finance. He became known as the “man who broke the Bank of England” after a $1 billion bet against the British pound in 1992. Soros continues to contribute millions to super PACs that fight back against the Trump agenda and supports other Democratic candidates and causes and learn more about George Soros.

George Soros has been funding his foundation through annual contributions of $800 to $900 million. He recently increased his donations to nearly $18 billion as part of his estate planning. According to his foundation’s website, the spend more than $900 million annually on programs and grants. George Soros will increase his contributions to another $2 billion over the next few years and more information click here.

George Soros and his Open Society Foundations has a major impact throughout the world including with the Roma people in Eastern Europe as well as the African-Americans in Cleveland, Ohio. His recent contribution represents a large chunk of George Soros’ estimated fortune of $23 billion and Follow him Twitter.com.

Other Reference: https://www.nytimes.com/2017/10/17/business/george-soros-open-society-foundations.html