George Soros, Making the World Better Through Donations

In one of the world’s most significant wealth transfers to a single charitable organization, George Soros transferred $18 billion to his Open Society Foundation. This donation has been done in parts over the past several years but was brought to the surface only recently.

George Soros, the founder of Open Trust Foundation, is a renowned philanthropist and he holds that the high degree of success he has made in the financial markets has enabled him to be independent and have a firm stand on controversial issues, something he has done for many years. To date, he has given out more than $30 billion of his fortune to the Foundation and other charitable organizations.

This most recent donation makes his Open Society Foundation the second largest philanthropic organization in the US, where the Melinda Gates Foundation is the first. The Open Society Foundation carries out operations in more than 100 countries in the world to ensure governments are more transparent and accountable, that the rights of the minorities are not trampled over, among other causes that they may champion. Through such donations, the foundation can finance the activities of other organizations across the globe which work together with them to fulfill goals that are in line with what the foundation advocates.

The donation, according to figures reported by Forbes, was, however, at the expense of his net worth regarding global ranking of the wealthiest persons on earth. Before the news of the donation came out, his net worth gat estimated around $23 billion, which saw him get placed as the 20th richest person in America. Statistics that were drawn after the news of the donation showed that courtesy of the massive transfer, his net worth had dropped to $8 billion, which saw his ranking drop from position 20 to position 59 in the list of wealthiest people in America. But this will not mean much to a man like George Soros who, now aged 87, has been increasingly shifting his focus on his philanthropy arm.

His upbringing may have influenced his philanthropy lifestyle given that he grew up in Nazi-occupied Hungary as a young boy and the atrocities of that regime may have made him desire to see the world a better place, which he is now doing through his foundation.

His foundation has gotten involved in some charitable activities all aimed at alleviating the living standards of those that are less fortunate. From as early as 1979, which was seven years after the inception of the foundation, he gave scholarships to black South African students under the Apartheid regime. In the wake of Ebola in 2014, he funded the operations of Ebola treatment centers in the affected regions. His giving has been even outside his foundation, where, for example, he has supported independent organizations such as the Global Witness and the Institute of New Economic Thinking.

In the wake of last year’s American election, George Soros financed Hillary Clinton and other Democrat figures, and act which, however, attracted a lot of critics primarily from the Republican establishment. and more information click here

Up-Close With Marc Sparks on How He Secures Entrepreneurial Development through Timber Creek Capital, LP

Marc Sparks recently grabbed the headlines by relocating his offices to a primed location crucial in optimizing collaboration and promoting startup incubation. As the Founder of Timber Creek Capital, LP, Sparks is widely synonymous with developing viable ideas into profitable startups and collaborating partnerships with like-minded entrepreneurs.

According to Sparks, entrepreneurial development primarily begins with developing a business model and obtaining various resources to ensure its sustainability and success. By Founding Timber Creek Capital, Sparks is in a unique position to host various companies and offer an in-depth incubation period. As a role model in the entrepreneurial world, Sparks credits a conducive work environment as an integral component in promoting success. For instance, a crowded warehouse characterized by blackened windows is less likely to improve efficiency compared to a well-ventilated setting. This contributed to relocating to a prime location on 5th Avenue New York.

Having been in the industry long enough, Marc Sparks identified a unique relationship between productivity and office space with the sole intention of promoting collaboration. As such, the guru deemed it necessary to pen down his book: ‘They Can’t Eat You’ which primarily outlines several failures, successes, and the hard journey to redemption in the realm of entrepreneurship. Such experiences catalyzed the establishment of Timber Creek Capital capped by over three decades’ worth of experience in managing a sustainable business.

The mentorship program entails selecting a group of companies, providing them with access to resources such as office space, capital, and marketing. According to Sparks, experience has served as a wakeup call to enlighten upcoming entrepreneurs on essential ingredients to success and the pitfalls to avoid. According to him, tenacity, passion, faith, savvy monetization, and focus can go a long way in shaping an entrepreneur’s path to success. Based on his experience, Sparks has witnessed various companies mushroom to success while others withered to oblivion.

Marc Sparks’ Profile

Marc Sparks is widely considered to be a prominent entrepreneur and venture capitalist in the U.S and beyond. Apart from serving as the Founder and CEO of Timber Creek, LP, Sparks is also known as an accomplished philanthropist, investor, and author to various enterprises. More so, his novel, ‘They Can’t Eat You,’ depicts the tumultuous road to entrepreneurial success and the pitfalls to avoid.

Sparks is also known for his philanthropy by contributing to various institutions such as the Habitat for Humanity which focuses on erecting affordable housing for less-privileged families. Technology-wise, Sparks has also donated to the Sparky’s Kids which focuses on education through laptops.

Timber Creek Capital LP’s Profile

Timber Creek Capital is a leading private equity firm adept at turning viable ideas into profitable businesses. Based in Dallas, Texas, the company focuses on offering equipment, accounting, office space, and capital to upcoming entrepreneurs to safeguard their entrepreneurial growth.