George Soros $18 billion Donation to Open Society Foundations

In the recent past, numerous foundations have been established with the key objective of alleviating holistic poverty among the people. Their main focus has been to make the world environmentally sustainable and free from human injustices. One such generous foundation in the world is the Open Society Foundations founded by George Soros in 1979.George Soros was born in Hungary in 1930. He survived the 1944-1945 Nazi occupation and moved from Budapest to London in 1947 where he became a part-time railway porter and night-club waiter to aid his education at London School of Economics. Soros began investing in the United States in 1956 and this marked the beginning of his success before establishing the Open Society Foundation in 1979.

According to the Open Society Foundations’ website, this foundation is a network of foundations, projects and partners in over 100 countries. It works to promote human rights, combat authoritarianism and aid “marginalized” groups like the minorities and refugees. According to spokesperson Laura Silber, over $14 billion have been spent by the foundation since 1980s and is currently valued at $18 billion. She further indicated that it is ranked the second largest charity basing her argument on the National Philanthropic Trust.The Open Society Foundation provided scholarships to South Africans in 1979 and assisted in promoting free expression in Hungary by funding academic visits to the West in 1980. Soros become the founder of Central European University which is the leading regional social sciences study centre. After the Cold World War, Soros extended his philanthropy to Africa, United States, Asia and Latin America advocating for democratic, transparent and accountable societies.

The Wall Street Journal reported that Mr. Soros has, for decades, annually funded the Open Society Foundations through about 800 million or $900 million. However, in 2017, he increased his donations to $18 billion in line with his estate planning, bringing his total giving to the foundations since 1984 to over $30 billion. The foundations have also donated university and school fees for numerous bright students and supported the discriminated members of the society.Mr. Soros has consistently been committed to fighting the world’s greatest intractable challenges throughout his legacy. He is famous for emphasizing the need to tackle losing causes through both private and public fora. This has seen him gain respect and adoration the world over. His fortune is managed by Soros Fund Management that oversees endowment investments of the Open Society.

Sweetgreen Will Outlive Its Three Co-Founders

While Nathaniel Ru and his two friends were at Georgetown University, they noticed that they had trouble finding healthy eating places in the four years they were on campus. Being business students, they naturally came up with a business idea to begin a venture in which they would provide healthy eating solutions to the people of Georgetown.

In their last year on campus, they became serious with the idea and started looking a location in which they could run a café, which they decided to call greens. They noticed a 560-square foot tavern that was on M Street and looked for the owner’s contact.

According to Crunchbase, upon finding the contact, Nathaniel called the landlord but she hung up the phone on him when she heard the explanation. Since the three friends did not have another location in mind, they continued calling her daily for 3 months but she refused to call their calls. However, one day she decided to meet them so that they would stop bothering her.

The three friends decided to wear suits that day, although that was not their norm; they wanted to give the landlord an impression that they were serious people. They also drew up a 3-page business plan to present to the landlord.

She was impressed and gave them a notice to look for an architect to renovate the tavern, investors to fund their business idea, and a proper business plan. Within three weeks, the three came up with the requirements and that marked the beginning of their business which was then named Sweetgreen.

Core Values

Sweetgreen has five core values: win win win, sustainability, keeping it real, sweet, and impact. Win win win signifies a win for the company, customers, and the community. The management believes that real success can only be achieved when each of the stakeholders feels satisfied and happy with the products and services offered by Sweetgreen.

Secondly, the firm thinks sustainability, whereby each of the decisions made by the management should be for the long term and not the short term. The three co-founders believe that everything that they do should outlive them. Consequently, they do not run the firm for profits but for longevity.

Thirdly the three Sweetgreen co-founders intend to keep it real in all they do. According to Nathaniel, this is achieved by being authentic in all the firm does. Sweetgreen does not borrow recipes from outside but they design their own new recipes that satisfy the customers.

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