Philanthropy is an important practice that many businesses engage in. This practice is important because it allows successful enterprises to help organizations, people and communities to get the things they need in life. Philanthropic donations help people with resources, food, services, housing and with various forms of assistance. Organizations and people can even receive financial funding from philanthropic donations.
Most philanthropic donations are given through organizations. These organizations can then provide the type of assistance that people need. This is the reason why George Soros created Open Society Foundations. He wanted to make a philanthropic agency that could be used to support liberal causes.
Soros does not directly give money to any political or social organization. Like most donors, he knows that an organization can do more to help people than an individual. This is why most philanthropic groups provide money to agencies set up to help people.
An organization can reach more people and they generally will focus on providing the funding, products or resources that people need. Also, an individual would have a harder time accomplishing a social or political goal. An organized group is just more effective. Also, you must not forget; real power lies in institutions and not in individuals. So, if a person really wants to make change, they should use the power of an organization to accomplish this task.
In October of 2018, George Soros made a huge $18 billion-dollar donation to his organization Open Society Foundation (OSF). This organization has been set up by Soros to provide liberal groups the funding they need to operate. A political or social faction needs money to make an impact. They need money to carry out their agenda. If they do not have funding, they cannot campaign or try to recruit members. Without funding they cannot advertise or promote their cause. They also need funding to travel, protest and to raise awareness about the cause they support.
OSF provides funding to liberal organizations in need. The funding that they provide also comes with guidance and advice about the best way to utilize financial resources they just received. Sometimes, organizations that receive funding from Soros will be required to support other liberal causes and agendas. Many of these organizations agree to this request because they typically all work together to strengthen their individual causes.
George Soros is a philanthropic giant. He knows that money is important for societies to remain open and free. So, he provided his donation vehicle OSF the money it will need to remain viable for many years into the future. The political philosophy of open societies now has a fighting chance to remain strong and OSF will help to lead the way.
Visit More : www.nytimes.com/topic/person/george-soros