Asia Set to Benefit More from George Soros Recent Donation to the Open Society Foundations Read more

Asia Set to Benefit More from George Soros Recent Donation to the Open Society Foundations

Social injustices, crimes against humanity, discrimination, the rise in a dictatorial rule, and lack of basic needs. These are among the things that stagnate the growth of a nation. Over the years, we have had several people join the war against the elements that enable poverty and crime to thrive. Among them is George Soros. Having gone through such intolerances, George Soros has committed much of his wealth and time to fight them. Lately, according to the Wall Street Journal, Soros donated $ 18 billion to the Open Society Foundations.

Background, School, and Career

Soros was born in Hungary in 1930. Together with his family, they lived through the Nazi occupation that led to the death of 500,000 Jews. His father, with the help of a government officer, forged their papers concealing their background. According to Soros, they fought fate resisted an evil which would have otherwise consumed them. Soros takes pride in the fact that they were able to help others. After the war, Soros left Budapest for London. There, he enrolled at London School of Economics. In the course of his education, Soros worked as a part-time railway porter. In several occasion, he became a waiter in nightclubs. All these odd jobs enabled him to finance his education. After graduation, George Soros moved to the U.S and joined the world of finance investment. He would then launch a hedge fund that went to make him one of the wealthiest people in America.

His Entry into Philanthropy

George Soros work in philanthropy started by funding the studies of black people in dividend South Africa. He would then open a foundation in Hungary, his native country. Also, he created an environment that allowed for the exchange of ideas with the west. With the opening of the Open Society Foundation, Soros reach expanded to Africa, United States, and Asia. Since its inception, Soros makes his donation through the foundation.

In Asia, The work of OSF has significantly been felt and appreciated. According to Forbes, Soros says that charities providing food, water, and shelter in Asia are widely understood. However, those like OSF that advance concepts like human rights democracy are often misunderstood. Mostly, they are on the receiving end from people accusing them of meddling in politics. Undoubtedly, values like democracy bring benefits just as significant as aid. Money donated through the Open Society Foundations goes not only to bring justice but to bring basic needs like clean water closer to the people. The World Resources Institute has revealed information exposing companies in Indonesia, Mongolia, and Thailand. The companies have contributed to water pollution endangering the livelihoods of the local communities. Funds donated through OSF also go towards creating awareness. The $18 billion donations will enable the foundation to continue supporting right groups in Asia for decades.

Global Network

The OSF also uses the donations to support and enable their local partners. In Nepal, they support lawyers who take human right cases to court. In Mongolia, they support organizations that champion for the rights of physically challenged children. Children with disabilities are excluded in the Mongolian education system. While other institutions provide short-term solutions, George Soros, through OSF, seeks to equip people with the right tools that will benefit generations to come. and Follow him