George Soros Transferred A Significant Amount Of His Wealth To Bolster OSF

The Open Society Foundations is among the many institutions that play a prominent role in ensuring that democracy all around the world is upheld. Not so long ago, the Foundation confirmed a massive donation it had made. An official from the foundation told CNN Money via an emailed statement that the gift is part of an asset transfer move that has been taking place several years now.

The OSF has outlets all around the world in more than 100 countries. This revelation is according to the company’s website. The organization strives to bring a halt to authoritarianism support human rights. Besides that, the foundation is also known to be a massive supporter of minority groups like the LGBT and refugees among many others.

According to the foundation’s spokesperson Laura Silber, the organization has spent a sum of $14 billion since the 1980s. She goes ahead and affirms that currently, the charity has its value at $18 billion. This makes it more significant than most prominent organizations like the Ford Foundation. It is ranked second to the most significant charity firm which is the Bill and Linda Gates Foundation. This research is based on figures from the National Philanthropic Trust.

George Soros is widely known in the United States as one of the prominent donors to Democrats in the US. He also funds a lot of liberals. George has spoken out loudly against President Donald Trump. He is against his divisive leadership style. Since Trump’s election, OSF has been on the front line speaking against hate crimes claiming that hate has been accorded a new platform with Trump as president.

As a young teenager, George Soros fled from his hometown Hungary following the invasion by the Nazis. He and his family fled to Britain and later on moved to the US as immigrants. His journey of success started in the United States where George became one of the most successful investors in the world.

The Open Society Foundations has been instrumental in funding some programs across the globe. These include refugee relief and Public Health Programs. OSF has been in the front line in pushing for immigrant rights and Roman children in Europe. Other than that, it has been instrumental in funding several liberal causes. Like any successful entity, stumbling blocks are inevitable. The OSF has faced a lot of criticism especially political parties and organizations in Eastern Europe which claim that the Foundation has too much influence in politics. and more information click here