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Home Front: Politix
George Soros has given $18 billion to his pro-democracy foundation
2017-10-18
[Money.CNN] Investor and philanthropist George Soros has moved $18 billion to his foundation -- the majority of his estimated $24.6 billion fortune.

The Open Society Foundations, which seeks to promote democracy around the globe, confirmed the massive donation on Tuesday. A foundation official told CNNMoney in an emailed statement the move "reflects an ongoing process of asset transfer that has been underway for several years."

The Wall Street Journal first reported the transfer of the funds.

The Open Society Foundations has outposts in more than 100 countries, according to the organization's website. It has worked to combat authoritarianism, promote human rights, and support "marginalized" groups -- including refugees, the LGBT community, and minorities.

Soros, 87, "plans to leave the vast majority of his wealth to the Open Society Foundations," the official said.

The foundation has spent about $14 billion since the 1980s, according to spokesperson Laura Silber.
Soooooo, he's dropped an egg essentially as large as his combined fundings of the past 30 years. Big move. Big plans. Big news to come?
She said its current value is $18 billion, potentially making it larger than the Ford Foundation and the second-largest charity behind tech billionaire Bill Gates's foundation, based on figures from the National Philanthropic Trust.
Posted by:Anomalous Sources

#10  Soros is a communist and was a Nazi. As a, jewish, boy in hungary he turned in his jewish neighbors to the germans. He is a pig.
Posted by: irishrageboy   2017-10-18 21:14  

#9  The Open Society Foundation
The Ernst Stavro Blofeld Spectre Foundation (there, fixed)
Posted by: Woozle Speaking for Boskone8904   2017-10-18 17:50  

#8  Bets on number of chairs they have among the benefactees?
Posted by: Procopius2k   2017-10-18 16:40  

#7  I wonder how happy with these news his kids are?
Posted by: g(r)omgoru   2017-10-18 14:56  

#6  Let's hope the reason is that he just got news of his impending demise. He wants to make sure his legacy of evil maintains.
Posted by: Warthog   2017-10-18 14:49  

#5  It's all about legacy. Everything he does sucks up money. He picks up the tab every time. This is how countries operate. You want to cause trouble you spend money. They were going to arrest King but the deal was canceled. His funding was from the communists. Soros has done the same thing. The problem is the balloon stays inflated as long as the money comes in. He has his own welfare dependent people. I wonder what return on his investment is expected. Trump has set him back years.
Posted by: Dale   2017-10-18 14:34  

#4  The Open Society Foundations promote Communism, not democracy.
Posted by: Dave D.   2017-10-18 11:43  

#3  It's different when a liberal does tax 'evasion', apparently.

For what it's worth you can't carry charitable contributions back on a U.S. Federal 1040 tax return but the unused amount does carry forward and it's limited on the years that it's used.
Posted by: Raj   2017-10-18 00:40  

#2  Investor and philanthropist George Soros has moved $18 billion to his foundation -- the majority of his estimated $24.6 billion fortune.
Rich Socialists Love Tax Evasion, what?
Posted by: magpie   2017-10-18 00:27  

#1  Massively misleading 'headline' - Soros is interested in 'pro-democracy' movements like Harvey Weinstein's into a chaste lifestyle.
Posted by: Raj   2017-10-18 00:12  

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