George Soros is President of the Open Society, and his sons Alexander and Jonathan are members of the board.
His Quantum fund returned an average of 20% annually until 2011, when he returned outside investors' money and converted his firm into a family office investing exclusively on behalf of Soros and his family members, and his Open Society Foundations, a worldwide network of philanthropies that promotes democracy, the rule of law and economic advancement.
The money comes from the personal wealth of the 87-year-old Soros, Laura Silber, a spokeswoman for the foundation, said Tuesday. The sum of the total transfer to date was reported earlier on Tuesday by the Wall Street Journal. It has worked to combat authoritarianism, promote human rights, and support "marginalized" groups - including refugees, the LGBT community, and minorities.
Soros, who lived through the Nazi occupation in his native Hungary, later fled communist rule in the country and eventually emigrated to the United States.
Soros established his first foundation in 1984 in Hungary, and he founded the Open Society Foundations in the U.S.in 1993. Only the Bill & Melinda Gates Foundation is now larger than Open Society among US grant-making groups, with an endowment of about $40 billion.
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Representatives for Open Society did not respond to requests for comment from Reuters.
Mr. Soros said that an action should be taken to push back against what's occurring here; deploring what he addressed as dark forces which have been engendered by the election.
He has been heavily involved in philanthropic efforts for decades.
The billionaire gave to the charitable Fund of more than $ 18 billion.
Taking Mr. Soros' previous activities and, as a result of his latest contribution, OSF's current financial capabilities, concerns raised by the European Commission President Jean-Claude Juncker of a possible dramatic uprising of separatism in the European Union, with 98 states, instead of the current 28, wanting their say on Brussel's future, should be taken very seriously.