Besides being a very successful person in business and finance, Soros is known for his philanthropic gestures. George Soros first proverbial test of the philanthropy was in 1979, but it was just a small one. After his first test of being a philanthropist, he took it seriously five years later when he launched the Open Society Foundations in his country of birth. The name Open Society Foundation (OSF) was influenced by the concepts that Karl Popper advanced as a philosopher. Karl Popper is a philosopher that he was introduced to when he was studying for his graduate studies at the London School of Economics.
The reason for George Soros venturing into philanthropy was mainly because of the concept that Karl Popper advanced. The concept was to find a way which citizens could hold their governments accountable. His ideas advocated for having vibrant and tolerant democracies on nytimes.com. A close look at his organization, the Open Society Foundation, it is very evident that he supports these concepts that Karl Popper advanced. The Open Society Foundation is involved and supports several organizations around the world that are directly or indirectly involved with matters that are related to politics.
Despite him starting being seriously involved with philanthropy in 1984, it is not until 1987 that he began giving out large sums of money. In 1987 alone, he spent about $3 million on philanthropic activities on project-syndicate.org and kept increasing the amount each year. Soros is quoted saying that in 1992, he spent over $300 million on his Open Society Foundation. Between 1987 and 1992, his established a series of foundations mainly in Eastern Europe and Central Asia. Today, his presence as a philanthropist is felt in more than 100 countries. His philanthropic activities and extraordinary wealth have made him get a massive attention from many powerful political leaders on Time.com.
The Soros Fund Management had become successful by 1993, and he decided to establish the Soros Foundation network which was based in New York. George Soros named the organization Open Society Institute. The Open Society Institute has a presence in several countries around the world. However, it is primarily focused on putting more money into American based organizations. In one of his books, “Open Society: Reforming Global Capitalism,” Soros has explained what open society means. Using his words, he says Open Society is one in which there is freedom, democracy, a rule of law, social justice, human rights, and social responsibility. These are the reasons he gives for his philanthropic advances.
Soros appointed Aryeh Neier to serve as president of Open Society Institute. He was entrusted with the task of championing the agendas of OSI. The reason for appointing Aryeh Neier was because of his involvement with Students for Democrats in the early 1960s at http://www.theatlantic.com/magazine/archive/1997/02/the-capitalist-threat/376773/. The SDS shared the same ideologies with Open Society Institution and had aspired to overthrow America’s democratic institutions and reconfigure the government. He also worked for America Civil Liberties Union (ACLU) for fifteen years and 12 years he was the director of Human Rights Watch.