The Democrats Witnessed the Generous Hand of George Soros

After a stunt in funding politics in 2004, George Soros enthusiastically made a comeback to the politics arena as a supporter of the Democrats through funding. He devoted over 25 million dollars to the cause as trusted sources noted that he could give even more. According to his political adviser, Mr. Michael Vachon, George has been a constant supporter of the Democratic missions, including religious tolerance, criminal justice, and immigration reforms.

More Funding

At the end of June last year, George funded Priorities USA Action, an initiative that supported Hillary, with $7 million as recorded by FEC filings. The records also indicated $700,000 in funding to various Democratic Party’s committees as well as a $2 million donation to an opposition researcher, the American Bridge 21st Century. Voting Rights Trust, a non-profit organization that fought against voting restrictions by the conservatives, also benefited from a $5 million funding. Another $5 million beneficiary was Immigrant Voters Win that dedicated their efforts to sensitize voters to turn out in large numbers. Vachon also noted that George funded several other committees, such as America Votes, a group that mobilized voters, Planned Parenthood Votes, and the Senate Majority PAC.

George Soros established the Open Society Foundations.

An excellent Incentive

George has enjoyed a friendship of over 25 years with Hillary Clinton, and only his return to active trading made him miss a Democratic convention where Hillary accepted her presidential nomination. His generous giving was viewed as a move that would encourage other activists to extend their hands. It also placed Hillary at a good position to hold her campaigns bravely as well as compete without fear against the Republican.

Background

George Soros roots are in Hungary where he was born. He later left home and started doing menial jobs as a waiter and railway porter. With these jobs, he was able to finance his education at the prestigious London School of Economics. Soros landed a position in the financial sector, working at a merchant bank. In 1969, George Soros relocated to New York where he founded a hedge fund firm, which later assumed the name, Quantum Fund. George gathered vast wealth over the years and without a sign of slowing down, he has continued to make substantial investments through Soros Fund Management. The business boasts of owning assets worth over $30 billion currently.

Philanthropy

After the 2004 funding, George retaliated from supporting politics and concentrated on philanthropy. He has given over $13 billion to non-profit organizations over the last 30 years. His main focus is on worldwide organizations that fight for human rights, support education, enhance easier access to health care, and define the democratic process in Europe. George also played a key role in the establishment of Democracy Alliance, a group meant for liberal donors.

Visit bigthink.com to know more about George Soros.

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