[ April 24, 2024 ]
George Soros has transferred $18 billion to his Open Society Foundation — a move seen by political watchers as a sure sign of his preparedness to do political battle on behalf of the progressives.
The transfer makes the Open Society among “the top ranks of philanthropic organizations,” the Wall Street Journal reported.
Of course, Soros watchers know: Philanthropy isn’t really his game. Power, control, money — and taking down President Donald Trump — are his real designs.
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More from the Washington Post:
Billionaire financier George Soros, known for donating to liberal causes, now commands one of the most powerful philanthropies in the United States after having moved $18 billion of his personal wealth into his Open Society Foundations.
The philanthropy, launched in 1979 with scholarships to black South Africans under apartheid, supports efforts to promote justice and equality around the globe. The latest contribution vaults the charity into one of the biggest in the United States, behind those such as the Bill and Melinda Gates Foundation, founded by the Microsoft billionaires.
“This is huge news, because he grants in a more political fashion that almost all of his peers,” said Eileen Heisman, chief executive of the National Philanthropic Trust, which sponsors donor-advised funds. “This is just going to put more dollars behind it.”
Soros ranks 20th on Forbes Magazine’s list of the 400 wealthiest Americans with a net worth of $23 billion. The 87-year-old hedge fund manager was born in Hungary but fled the communist country and put himself through the London School of Economics while waiting tables and working as a railway porter.
Through a spokesman, Soros declined to comment.The Open Society Foundations network has given away $14 billion since 1984.
“We have no plans to change our spending,” said Laura Silber, the foundation’s head of communications. “We plan to continue to focus on building open societies. That means advancing human rights, advancing justice and democratic practices.”
Sources close to the Soros foundation, who spoke on the condition of anonymity because they were not authorized to comment publicly, said that for years, Soros has been migrating his billions in personal wealth from his investment vehicle, Soros Fund Management, to the foundation.
“It’s not like he wrote a check for $18 billion and went over and deposited it in the foundation,” said one source. “This has been a years-long process.”
The news of the $18 billion gift was reported earlier in the Wall Street Journal.
Soros began Soros Fund Management in 1969 and became one of the world’s most successful investors, known for speculating on currencies. He is best known for short selling the British pound in 1992, which earned him the name “The Man Who Broke the Bank of England.”
In 2011, Soros Fund Management converted its investment fund into a so-called family office that handles Soros’s money and that of his foundation.
Soros is known for his long support of progressive causes and U.S. Democratic candidates, making him a frequent target of political conservatives. He was a strident critic of then-president George W. Bush and made personal donations to several nonprofit groups that opposed Donald Trump. He was an early supporter of Barack Obama and gave millions to Hillary Clinton’s 2016 presidential campaign.
[How mega-donors helped raise $1 billion for Hillary Clinton.]
The Open Society Foundations has offices in New York, London, Budapest and Brussels. The foundation now works in more than 140 countries, has a staff of 1,500 and commands a $940 million budget.
The largest share of its money — 28 percent — goes toward democratic practices and human rights. Twenty-three regional and national foundations run by local boards help determine how Open Society’s grants are distributed.
“He is an immigrant who came from a place where communication and having a dialogue wasn’t welcome,” Heisman said. “He lived under communism and under Nazi occupation. Living in an open society is important to him, and his grant-making has followed that path for years.”
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27 Comments
6 years ago
10,000$ Surely we can pass the hat around?
6 years ago
Thy money perish with thee, George Soros … cast dust in your head, weep and wail. Your time is coming.
6 years ago
Soros more a nazi then anything else where he learnt to profit from misery and is celebrated for it.
http://canadafreepress.com/article/george-soros-international-man-of-misery
Alex Jones v George Soros
https://youtu.be/P6A0lVY9Fno
6 years ago
Reply to
Tom Validakis
why is he not prosecuted for funding the rioters ?
And most celebs like this loon http://bit.ly/2u4CPfj
… are funded by soros to brainwash dumb Left/Liberal loons to push his agenda
D
6 years ago
Reply to
Tom Validakis
I hope he loses his fortune.
I could do a better job and have more imagination in helping the world than this guy. (hell, i’d probably do a better job at enjoying the money too).
D
6 years ago
Reply to
TD
Look at his face. if you put a hood over his head, he looks like Darth Sidious – the Emperor from Star Wars!
D
6 years ago
They say that evil people get some last pleasures at the end of their lives, knowing that the evil they do will live on after they are gone.
6 years ago
Goliath was a seemingly unbeatable giant. With God, David was able to defeat this giant, armed only with a staff, sling and five smooth stones.
If Soros wants to play the role of the giant, be my guest.
1 Samuel 17 gives the full account.
6 years ago
Man I don’t want to be with in about two blocks of this guy when he dies, it is going to get very hot!
6 years ago
If it walks like a Bond villain and talks like a Bond villain… Read what he has actually said. It sounds chillingly drunk and corrupt with power. He collects political animals as a hobby. That is just not normal.
6 years ago
“We have no plans to change our spending,” said Laura Silber, the
foundation’s head of communications. “We plan to continue to focus on
building open societies. That means advancing human rights, advancing
justice and democratic practices.” Oh, so that means also ‘advancing justice and human rights’ for Jews and Christians, as well as conservatives, right?
6 years ago
Considering how many parasites he funds, the money won’t last long.
6 years ago
We need to tax the crap out of him.
There must be a way to destroy him or charge him with something…..
6 years ago
Pss.37:12
[12] The wicked plotteth against the just,
and gnasheth upon him with his teeth.
Isa.48:22
[22] There is no peace, saith the LORD, unto the wicked.
6 years ago
6 years ago
George Soros should have had a hole put in his head along time ago !
6 years ago
For those who missed it, 10K was once the standard “hit” price. although TBH, this scumbag probably is knee deep in leftofascist bodyguards so it will cost more like 100k
6 years ago
“We have no plans to change our spending,” said Laura Silber, the foundation’s head of communications. “We plan to continue to focus on building open societies. That means advancing human rights, advancing justice and democratic practices.” AND destroying the world as we know it! How come the only “open societies” are in the West? Soros is the REAL Dr Evil
6 years ago
Saying Soros’ Open Society Foundation (OSF) is a philanthropic organization is like saying that Islam is a religion like any other. OSF is a political entity that foments destabilization and chaos in governments around the world (including the USA) in order to drive prices down so that Soros can buy up the country’s assets and acquire more political influence. It is a scam of the first order.
6 years ago
Traitor Soros is behind many of the problems the world faces—from Islamization of Europe and the U.S. to paying for felonious rioters in the U.S.– IS THIS CRIMINAL TOO BIG TO JAIL???HELL NO…the AG should prosecute this useless worm!
D
6 years ago
The old bag of dog cr– may finally be getting ready to meet his maker, he’ll have a lot of explaining to do considering all the evil he has done in his life time. His son is set to carry on his legacy and is just as evil as his Nazi loving father. Will there ever be an end to this family or is the world destined to have these cosmology bags around as long as the Clintons and Bushs
D
6 years ago
All we need is for Hillary Clinton to start another presidential campaign and all $18B will disappear in less than a year.
6 years ago
He needs to be sanctioned ………..308 to the forehead ……
Im available …..
6 years ago
How Soros stayed out of prison is beyond me
6 years ago
This self hating Jew who turned Jews in to the Nazis and then killed so he can live. This self righteous bastard should die along with Obama, asap!
6 years ago
He has been ejected from several countries for subversion. Why can’t we eject him from ours? Why this man is still walking around free is beyond me. Oh, yeah, money = power. He is an embarrassment to Jews, to humans, everywhere. But Pres. Trump promised us he and his cohorts are going down. All we can do is hope. The alternative is unacceptable.
6 years ago
I wonder if he lives on the harvested organs of other human beings? How many of his organs are OEM and how many are aftermarket parts?
