Open Society Foundation

The Open Society Foundations began in 1979 when George Soros decided he had enough money. His great success as a hedge fund manager allowed him to pursue his ambition of establishing open societies in place of authoritarian forms of government. “Open society is based on the recognition that our understanding of the world is inherently imperfect,” Soros said. “What is imperfect can be improved.” He started by supporting scholarships for black students at the University of Cape Town in South Africa and for Eastern European dissidents to study abroad.