It is well known by now that George Soros has donated 18 billion dollars to his charitable foundation. This has been reported by the Wall Street Journal and was picked up by all the major media outlets. According to Forbes, there may be a number of reasons why George Soros decided to donate $18 billion to his charitable foundations. One reason may be in order to reduce the estate tax that his heirs would have to pay when they inherited his money. It can also be to avoid paying taxes on that money. The funds will continue to be managed by the Soros fund management office. It will continue to be donated to the causes he cares about. This includes fighting for human rights and civil rights all across the world. George Soros has been donating money to fight for democracy and freedom and open societies all around the world for many years.
George Soros was born in Hungary. When he was 11 years old he started to suffer under the Nazi occupation. He later suffered when the Communists occupied Hungary. He had to flee to London. He studied economics there in the London School of economics. George Soros started donating money to charity many years ago. Because he is such a big funder of charity and because he donates money to charity on such a big scale, some politicians who did not agree with his policies put pressure on him publicly to stop funding the causes that he funds. However, George Soros has not bent to the political pressure, and he continues to donate money to the causes that he thinks are proper, which includes fighting for freedom for everyone in any country all around the world. George Soros is now 87 years old and is not as involved in his hedge fund management business as he once was. However, George Soros is still heavily involved in his charitable foundation and continues to be involved in the decisions of his foundations.
30 years ago, George Soros first appeared on the Forbes list of the 400 most wealthy people in the United States. Ever since, he has been on that list.
We mentioned that the donation to the Open Society Foundations makes them the second largest charitable foundation in the United States. In addition, according to the Guardian Magazine, it makes the Open Society Foundations the third largest charitable foundation in the entire world, after the welcome committee.
George Soros cares so much about democracy because he suffered under fascists himself. George Soros also loves giving grants to students who need money to get an education. His first charitable donations were to South African students who suffered from apartheid. George Soros sympathizes with the needy and oppressed. He fights discrimination against minorities and other marginalized people, including refugees and the LGBT community. George Soros fights abuses of power by police and by governments.
Learn More : www.forbes.com/profile/george-soros/