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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
LeadershipGeorge Soros

George Soros Donates $10 Million to Help Combat Hate Crimes

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Michal Addady
Michal Addady
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By
Michal Addady
Michal Addady
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November 23, 2016, 11:19 AM ET
IMF And World Bank Hold Spring Meetings
WASHINGTON, DC - APRIL 17: Soros Fund Management Chairman George Soros attends a meeting with finance and development ministers, international partners and the presidents of Liberia, Sierra Leone and Guinea about the ongoing efforts to recover from the Ebola outbreak in West Africa during the World Bank- International Monetary Fund Spring Meetings April 17, 2015 in Washington, DC. The World Bank announced Friday that it would provide an additional US$650 million over the next year to help Guinea, Liberia and Sierra Leone to recover from the social, economic and health impact of the Ebola crisis. (Photo by Chip Somodevilla/Getty Images)Photograph by Chip Somodevilla—Getty Images
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Distressed by the recent rise in hate crimes in the U.S., George Soros has decided to take action.

The billionaire investor has committed $10 million to help the fight against hateful criminal activity, the New York Times reports. Last week the FBI reported a 6% increase in hate crimes against all groups, with a 67% increase in hate crimes against just Muslim Americans. Soros has linked this violence, particularly those against immigrants, to the “incendiary rhetoric” of Donald Trump’s presidential campaign.

Soros, an immigrant himself, was born in Hungary and is a Holocaust survivor. As he told the Times, he does not mean for this to be a political statement against Trump, but rather he wants to push back against the “dark forces that have been awakened” by the election.

Open Society Foundations, Soros’ nonprofit organization, will put a minimum of $5 million towards grants for community groups and civil rights organizations. And that money will give them both the resources to develop plans to combat rising hate crimes and to work with victims.

 

The remaining half of Soros’ $10 million contribution will be put towards improving the tracking of hate crimes at a national level.

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