George Soros is among the world’s wealthiest personalities. His net worth is estimated to be about $23 billion. One of the things that George Soros does with his money is donating. He is among world’s biggest philanthropists. It is estimated that he has donated about $18 billion to his philanthropic foundation known as Open Society Foundations. According to media reports, this amount makes his group the second largest philanthropic foundation in the United States. George Soros is now 87 years old. He is the head of a hedge fund firm known as Soros Fund Management LLC. Although the Open Society Foundation has been operating for a very long time and controlling billions of dollars, in recent times, George Soros has increased his transfers to the group.
According to the motto of the Open Society, their aim is to create tolerant and vibrant democracies all over the world. Open Society Foundations was started in 1979 and since then, George Soros has donated about $14 billion. George Soros who was born in Hungary made a breakthrough in 1992. In the financial market, he took a bet against an overvalued pound that paid him handsomely. George Soros is among the vocal supporters of liberal causes in the world. He makes huge contributions towards campaigns of various nominees for presidential candidates. Read this article on Politico about George.
Recently George Soros has hired Dawn Fitzpatrick as the chief investment officer for Soros Fund Management which is based in New York. This is the same management group that oversees the financial operations of the Open society Foundations. Dawn Fitzpatrick was the former asset management executive at UBD Group. Open Society Foundation comes second after the Bill and Melinda Gates Foundation which is the biggest in the United States. Bill and Melinda Gates Foundation is estimated to have over $40 billion in endowment funds.
George Soros donation to the Open Society is the largest donation by a single donor to a single foundation. His donations through this group have placed George Soros at the center of heightened social and political discussions that have been going on in the world. Open Society Foundations has a presence in over 120 countries. The foundation has been promoting democracy and human rights with a view of making the world a better place. The foundation has also heightened its operations in the United States with recent activities being focused on protecting the rights of the gays and lesbians as well as the fight against police brutality. Read his profile at Business Insider.
Apart from the political aligned donations, the foundation has also carried out other activities such as donating in support for the fight against Ebola, protection of Americans against hate wave after 2016 general elections and supporting center for Roma art and culture. George Soros gave out $10 million to prevent violence that could have been orchestrated by the hate wave that was seen after the elections. His operations have touched the lives of so many people in the world. There are a lot of democracies that have been shaped in the world because of his influence. At the age of 87, he is making the world better in the best way that he could, and that is through supporting activities that work for the people.
End Citizens United is a popular organization in the U.S. that has consistently advocated for campaign finance reforms for last seven years. This Political Action Committee (PAC) consists of donors and activists from different political affiliations. They believe that the government should be for the people by the people. They are opposed to corporations and faceless money influencing the results of elections in the U.S.
Their primary objective is to overturn the 2010 Supreme court decision because they feel that corporations have no rights sitting on the legislative table rather than individual citizens. Some of their core activities include educating the public on matters related to judicial decisions and campaign finance, supporting congressional candidates who believe in their ideas, launching of campaigns to inform the public on the influence of special interest groups in politics, and organizing protests against harmful legislation.
Although the group was launched recently, it has the political muscle to root out special interest groups from politics. The PAC had been able to raise about $2 million to support specific political candidates who have impressive reform backgrounds. It has been able to achieve higher levels of civic involvement in its efforts to bring transparency into politics.
ECU wants to take a leading role in the next elections and plans to fuel tens of millions of dollars to Democratic candidates who will be running in competitive House and Senate races across the U.S. It has already endorsed eleven democratic candidates including Senator Michael Bennet from Colorado and former Senator Russ Feingold from Wisconsin.
They want to elect people who can change existing laws by setting up an independent expenditure to financially back the candidates. They plan on using initiatives like direct mailers and television ads. Their most notable endorsement is Randy Bryce. The PAC plans to support Bryce against the Republican Paul Ryan in the upcoming midterm election cycle. They believe that Bryce is running on a platform of campaign finance reform and the overturning of the 2010 Supreme Court decision.
End Citizens United enjoys much visibility on social media. Its presence is profound with many followers and likes. It has about half a million followers on Facebook, and the list is growing by the day. It uses its Facebook page to educate the public about its ideas and also look for donors to support its campaigns.
Its dominance of social media has enhanced its campaigns of reaching out to like-minded citizens to support its cause. Social media has proved to be a good medium for PAC to articulate important issues about their ideas to the public. It is also on the social media platform that PAC can get feedback from the public regarding its activities.
The next American Congress elections are set to be held in July 2018. People are aligning themselves to contest for different political posts on the Congress. In the last year’s congress elections, the people who were sponsored in the Congress made certain important contributions, but the number could not bring specific changes. Because of this influence, the End Citizen United is set to sponsor more people in order to bring significant changes in the country. The organization does not support people from specific parties, but it goes for anyone with good ideas on how to improve the state of the citizens. The End Citizen United is, therefore, making certain changes on how the status of the country can be improved.
Time to take leadership from the cartels
With the rich controlling the economy, the only thing they needed was a way of gaining access of the congress and the Senate. The process has not been very hard since most of the political leaders do not have sufficient funds to fund their campaigns. The fact that they cannot successfully fund their campaigns has given the cartels a chance to manipulate them. The rich have the money to sustain a quality campaign. In return, the people elected to the different political posts owe them an allegiance, and this works against the will of the people. The End Citizen United has been working to stop this kind of leadership. The elected leaders have more time to work for the rich cartels that the people who gave them the authority to serve. To prevent the leaders from getting controlled by the rich, the End Citizen United has ensured that they take leaders with high integrity to the different political posts. The selected leaders must be ready to serve the people, and the organization will ensure that the common citizens get considered in the policies to be made. The organization is making positive progress so far.