Category Archives: Philanthropy

The Breathtaking Investor; George Soros

George Soros, a famous investor, is also a committed philanthropist whose lifetime donations sum up to $ 12 billion. Gorge Soros funds many people worldwide fighting for freedom of expression, transparency and even supports societies and government that promote equality and justice. George Soros grew in Hungary, and his childhood was not that smooth. He was affected by a massacre that left 50,000 Hungarian Jews dead. His family managed to survive through escaping and helped others escape.

When tension cooled, Soros migrated to London in 1947 for studies at the London School of Economics. He worked part-time as a nightclub waiter and a railway porter to support his studies. After his studies, George moved to the United States in 1956. He hoped to have a notable presence in the finance and investments globe. In 1970, George Soros launched his hedge fund, Soros Fund Management, after a series of hard work, sacrifice and persistence.

His fortune had grown thus he used it to create the Open Society Foundations, a network of projects, partners, and foundations. The organization connects many organizations from over 100 countries. George Soros runs Open Society Foundation applying the philosophy of Karl Popper which he encountered at the London School of Economics. Karl Popper has argued the philosophy in his book “Open Society and Its Enemies” stating that no ideology or philosophy determines the arbiter of truth.

Karl insists that a society can only grow if it appreciates democracy, freedom of expression and respects each other’s rights. All the values stated at this philosophy are followed to the latter at Open Society Foundation. Moreover, Karl Popper book title also triggered the name of George’s foundation.

In 1979, George officially began philanthropy supporting many organizations. He offered scholarships to black South Africans under apartheid. Moreover, after the fall of Berlin Wall, George Soros created the Central European University which benefited many people. Since then George extended his humanitarian acts globally helping different people.

Politics is also another field that George has made a notable presence. He supports organizations that support democratic reforms including immigration, criminal justice, and democratic governance. According to an article on businessinsider.com, George Soros through Open Society Foundation has contributed more than $ 15 billion to those organizations. Moreover, he also supports protestors who want to air their voices for their needs to be hard. He has been directly and indirectly in the political field for over 20years.

His breaking point in politics was when he was fighting against anti-Semitism, and he still funds organizations fighting discrimination against Jews. Other than the Finance and Investment degree, George holds a Masters in Philosophy. He is passionate about helping people live happily in a comfortable society because he believes everyone is essential.

DeVos the Next Rockefeller Family?

There is a saying that goes “more money, more problems.” More money is not a problem for Dick DeVos, an American billionaire who is deeply involved in philanthropy along with members of his family. The DeVos family has been very charitable with their money for decades, most notably in their home state of Michigan. Recently it was revealed that the DeVos family has given over 1.2 billion dollars of lifetime contributions according to a 2015 report from mlive.com. In 2014 alone, 94 million dollars was donated to various causes (these causes range from health and community services to arts and culture, and faith-based organizations such as churches) and organizations. Some notable donations include 2.9 million dollars to Grand Valley State University and 3.1 million dollars to Hope College by the DeVos family. Also according to a 2016 report from mlive.com, the DeVos family in 2013 donated 90.9 million dollars (60 million of the 90.9 million was given to organizations in Michigan). It should be noted that the patriarch of the DeVos family, Richard DeVos, along with his wife, have their own foundation, the Richard and Helen DeVos Foundation and so do their four children. The five foundations work together to insure the bulk of their donations are sent to west Michigan, where Richard DeVos and his best friend Jay Van Andel, founded the company Amway in 1959. Amway started in a basement and it was reported in 2014 that Amway had made 10.8 billion dollars of sales. Aside from philanthropy and business success, the DeVos family also have numerous connections that have resulted in DeVos family members serving on various nonprofit boards around the United States. Pamella DeVos (the wife of Daniel DeVos, one of Richard DeVos’ sons) for example, is a member of the board of the Whitney Museum of American Art. Doug DeVos (another son of Richard DeVos) currently is the chairman of the board of the National Constitution Center in Philadelphia. Betsy DeVos (the wife of Dick DeVos) was appointed by President George W. Bush in 2004 to serve a six year term on the Kennedy Center board in Washington, D.C. It is probably no surprise to you, the reader, that the DeVos family will most likely continue to give more of their money to worthy causes not only in the state of Michigan, but anywhere that help is needed to make the world a better place.

Know more about Dick DeVos on facebook.com.