George Soros, a renowned billionaire investor, is making a comeback to political donations. Soros contributed over $25 million to boost Hillary Clinton and the other Democratic candidates. He is re-emerging after spending a whopping $27 million in an attempt to defeat President George W. Bush in 2004.
Soros’ funding has the potential of catalyzing donations from other rich activists such as Tom Meyer, an environmentalist from San Francisco, who gave $31 million in 2016. Additionally, Don Sussman, a New York hedge funder, contributed $13.2 million to several campaigns and committees. Media moguls like Fred Eychaner and Haim Saban gave $11.1 million each. This cumulative mobilization of funds helped Clinton’s campaign to build a massive financial advantage over Trump’s committees.
Through the end of June 2016, Soros gave $7 million to Priorities USA Action, a super PAC supporting Hillary Clinton. He also donated $2 million to an opposition research super PAC called the American Bridge 21st Century. George Soros gave $5 million to the Immigrant Voters Win, a super PAC, which is devoted to increasing Hispanic voters turn out during the election period. He also committed $5 million to a nonprofit organization that is dedicated to fighting conservative efforts to restrict voting. Know more about George Soros on CNBC.
The Other Contributions of George Soros
Following his political giving fallout in 2004, Soros decided to focus on his international foundations, which have contributed over $13 million to nonprofits that aim to defend human rights. Soros also participated in launching the Democratic Alliance, a secretive club of liberal donors, in 2005. Additionally, he gave a check of $5,000 to End Citizens United, a super PAC that supports candidates like Hillary Clinton. Know more on investopedia.com about George Soros.
George Soros’ Participation in the Ferguson Protests
The Washington Times reported that George Soros had funded Ferguson protest movement in Missouri. He gave $33 million, in one year, to support the already established groups. The Times added that Soros’ backing accelerated the protest movement, resulting in a transformation of a one-day criminal event into a 24-hour-a-day tragedy.
Soros’ funding was shared among many groups of activists who collaborated to create an “echo chamber” using Facebook and Twitter. Groups of activists such as the Drug Policy Alliance (DPA), the Center for Community Change in Washington, and Make Road New York went to Ferguson to organize protests. Moreover, Soros’ foundation donated $4 million to DPA.
The Washington Times reported that Gorge Soros supported groups like the Organization for Black Struggle, Missourians Organizing for Reform and Empowerment and Dream Defenders. These groups were involved in establishing the Hands Up Coalition, a grass root group. The grass root group worked to recruit and organize youth across the U.S. to undertake local events in their communities and to make Ferguson a national issue. Soros also funded the Gamaliel Foundation, a network of grass-root organizations, which helped accelerate the Ferguson demonstrations. Additionally, George Soros contributed $250,000 to the Samuel Dewitt Proctor Conference (SDPC).