George Soros Shakes Up the World of Philanthropy

Billionaire hedge fund manager, George Soros is well-known for his general contributions to charity, as well as his staunch support of the democratic party, and recently, Mr. Soros made waves once again after revealing a power move that has been unfolding over the past few years. In what would prove to be one of the largest instances of wealth transfer from a private donor to a single organization, Mr. Soros donated $18 billion to his Open Society Foundations. This move immediately placed Open Society Foundations as the second largest philanthropic organization in the United States. While this donation has been lauded by many of the supporters for Soros, due to the nature of his relationship with the conservative party, it is sure to further entrench him in the volatile goings-on of today’s political climate.

Open Society was founded by George Soros over 30 years ago in an effort to promote human rights around the world. While it currently operates in over 120 countries today, in recent years, Mr. Soros has decided to place a stronger emphasis on human rights issues directly affecting the United States, including those affecting the gay and lesbian population, as well as police brutality. In 2014, Mr. Soros worked to directly address the Ebola outbreak, and due to the rise in hate crimes since the 2016 election, he has committed upwards of $10 million in an effort to eradicate the growing issue. He has gone on record to address the direct correlation between the results of the 2016 election and what he has termed an awakening of “dark forces.” Due to Mr. Soros significant political donations, as well as his allegiance to the Democratic Party, he has often been a target of conservative Republican ire.

According to Patrick Gaspard, the current Vice President and soon-to-be President of the Open Society Foundations, the election of President Trump played a significant role in the organization’s newfound urgency. The reason for Mr. Soro’s heavy political involvement can be traced to his past, where, as a child in Budapest, Hungary, he experienced life during Nazi occupation. In 1947, Mr. Soros was able to escape Nazi-occupied Hungary, fleeing briefly to London, and finally to the United States, where he would go on to create his fortune on Wall Street. While Mr. Soro’s has seen a vast amount of success throughout his tenure on Wall Street, it was in 1992 that he made waves by betting against the British pound; a move that would earn him $1 billion, and act as the catalyst for the investments that would follow as his fortune grew. While Mr. Soros has consistently contributed hundreds of millions of dollars each year to Open Society, his decision to up the ante so significantly in the last year has made it one of the world’s philanthropic powerhouses, touching nearly every corner of the world.

Betsy Devos a Lifetime of Service

Betsy Devos, philanthropist and corporate CEO was confirmed as Secretary of State on Feb, 7 2017. She has had a stellar career in both business and philanthropic endeavors which has garnered attention and got her nominated to head the Dept of Education.

 

Devos has been an ardent supporter of charter school vouchers for underprivileged children in at risk neighborhoods. She has long been a supporter of keeping major education decisions in local school districts and with parents. Her senate confirmation hearing was conducted in a very partisan climate and the vote fell strictly along party lines. This was resolved with the first ever vice-presidential vote to confirm her.

 

Devos has hands on experience in schools as an advocate for underprivileged youth for over five years, in Grand Rapids, Michigan. Later she served as chairperson of a number of charities and trusts. Quite notably, several of these organizations provide scholarships and educational opportunities for disadvantaged youths.These include:

 

 

  • The Kennedy Center of Performing Arts
  • Kids Hope USA
  • Mars Hill Bible Church
  • Kendall College of Art and Design

 

She also served in a professional capacity as Chairperson for Win Quest Group, an investment management company.

 

Betsy is married to Dick Devos former chairman of Amway and son of Richard Devos the founder of the Company. Dick and Betsy are among the heirs to the five billion dollar Amway estate. Betsy was born Elizabeth Prince, daughter to the corporate magnate Edgar Prince who made his fortune as an automobile parts industrialist in Michigan. She has a strong spiritual background raised in the Christian Reformed Church In North America. Her brother, an ex navy seal, is the founder of Blackwater USA a worldwide security company with government contracts.

 

Devos has long been an activist in the Michigan Republican party. She served over thirty years as a delegate from her local office, and the Republican National Committee Chairwoman for six years, ending in 1997. She went on to become the Michigan Republican Party Chairwoman from 1998 until 2000.Some of her most effective efforts have been as a fundraiser and activist, relentlessly sticking to education opportunities as her number one issue.

 

Visit http://www.betsydevos.com/ to learn more about Betsy DeVos.

Betsy DeVos Reaches Children Who Don’t Have All of the Opportunities

Betsy DeVos is someone who is for the people who cannot do anything to help themselves. She does what she can for people, especially children, who are in situations where they are not able to move forward. She understands that education is one of the key components of a better life but she also understands that it is not something that the people who are destitute are able to have the ability to do. She wants everyone to have the chance to be able to make a lot of money and that is something that she has been able to do with the philanthropic programs that she has created. It has allowed her the chance to reach more people and to do more with the options that she has available to herself. She believes that everyone should have a lot of different opportunities and their financial situations should not deter them from getting the education that they deserve.

Together with her husband, Betsy DeVos created a foundation. They work with several different other foundations and they do what they can to help communities, people who need their help and even sick children. It is something that she has done for a long time and something that she feels is necessary to be able to do more with the options that she creates for people. She knows that it is necessary to have a foundation to make things better and to get the help that most people need in their daily lives. Read her interview with Philantrophy Table.

Because of the way that Betsy DeVos and her husband have created the foundation, it has given her a chance to help many more people. She has been able to see that people are getting what they can out of different situations and that they are going to be able to get the help that they need. She is especially concerned about children who are living in situations that are below the poverty level. She wants them to have more opportunities at a happy life and knows that it all starts with a proper education. Betsy DeVos has worked to make that a possibility for so many different people.

As she has become more popular, she has used herself to help promote the message that she is sending. She wants kids to have more chances at a better education. She wants them to be able to have different opportunities and to be able to get more out of the options that they have. She also wants to see them be successful and get what they want out of life. She knows that it is important for children to have a future and does everything she can to help every child no matter what their financial situation is.

Visit: http://www.dbdvfoundation.org/

On George Soros

George Soros is an 87-year-old a Hungarian-American investor, fund manager and philanthropist born in Hungary and based in the United States of America. He was born in Hungary, survived Holocaust and later moved to the United Kingdom in the year 1947 together with his family. He after that moved to the United States in 1956 where his journey in finance and investments later began.

As a graduate of economics and philosophy, he began his career in business working in merchant banks until the year 1969. He began his career as a traveling sales agent in Welsh before later moving to Singer and Friedlander where he worked as a clerk. He later worked with Arnold and Bleichroeder, Wertheim and Co and F.M Mayer holding different positions from an arbitrage, to analyst to vice president. Double Eagle, his first hedge fund was started the same year. Proceed from this firm were used to start his second hedge fund, Soros Fund Management the following year.

Soros became the chief advisor for Quantum Fund, which was the new name given to his first hedge fund, initially called Double Eagle.Right now, his total assets are assessed to be 25.2 billion USD, holding the 22nd position on the Billionaires list. He is also the richest among hedge fund managers globally.

George is known for his application of Karl Poppers General Theory of Reflexivity in capital markets, something he claims gives him a clear view of asset market value for securities. He picks this from his background in philosophical studies from London School of Economics. It is from this thinking that he started the Open Society Foundations, a networking platform for projects, foundations and partners in over 100 countries. He is known for his support in the form of donations and dispenses to the American Progress and American Liberal causes. He is known for his involvement in Eastern Europe and American politics, showing great support for Liberal organizations and the Democratic Party in the U.S.

He has given himself to various philanthropic causes, donating more over 11 billion USD in the period from 1979 to 2011. He began philanthropy in1979 by giving scholarships to Sotho Africans who had suffered apartheid. In the late 1980s to the early 1990s, he was actively involved in the peaceful transition to capitalism from communism in Eastern Europe. He gave the Central European University the largest higher education endowments, one of the largest in the whole of Europe.

Read more: http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267

He termed the late 2000s recession a result of ideological excesses, emphasizing the need for government intervention in financial affairs. He inaugurated the Institute for New Economic Thinking in reacting to the recession. This institute constituted financial, business and economic experts, obligated to formulate new approaches to the international financial and economic systems. Read more on CNBC about George Soros.

George Soros remains unique in his interests in social, political and economic systems globally. He is named the most influential man in Hungary according to Politico and is actively involved in the socio-economic and political in the United States.