The Open Society foundation was established by George Soros in Hungary in 1984. It was founded to promote democracy and human rights. They are invested in more than 120 different countries, but in recent years they have increased their focus on the United States. The foundation is committed to protecting citizens from hate crimes and other human rights violations. The foundation has remained committed to helping anyone, regardless of situation. Their commitment applies to everyone who is a victim of second-hand justice, regardless of race, region, religion, gender, or any other factors. The worldwide impact of the Open Society Foundation may increase in the coming years, as we have discovered after new information on the financial reports of the foundation came to light in October.
On October 17th, 2017 it was revealed that George Soros has given $18 billion to the Open Society Foundation. That is the largest transfer of wealth made by a private donor to a single foundation. This money has accomplished great strides for human rights. These accomplishments vary from building and maintaining treatment centers during disease outbreaks, to combatting the rise in hate crimes after the 2016 election in the United States, to establishing centers in Europe for culture and art. The foundation’s impact is tremendous. It has been praised by many, including employees for the Bill and Melinda Gates Foundation and the Ford Foundation, for the impact around the world the Open Society Foundation has had throughout the last two decades. The increase in annual contributions by George Soros will only increase the impact the Open Society Foundation has worldwide.
George Soros grew up in Nazi-occupied Hungary, and that fueled his drive for justice. He founded the foundation in Hungary, and named it after Karl Popper’s book “Open Society and Its Enemies”. That book argues for democratic governance, free expression, and respect for individual rights. The foundation has tried to implement the ideas found in Karl Popper’s book. In the early years of the foundation, Mr. Soros would donate between $800 million and $900 million annually, but in recent years he increased his annual contribution. This increase in money will go to the same grants and programs instead of establishing new ones. The Open Society Foundation already spends $900 million annually on their programs and grants. This is more than they are legally required to. These enormous contributions will continue to grow George Soros’ image as a great philanthropist and continue his positive impact around the world.