Craft in the City

Restoration After Harvey With Anthony Petrello

During the time after Hurricane Harvey, many in the Gulf Coast were left in bad shape due to the immense power and destructive force of the storm. Locals had to flee from many areas and were unable to return to their homes due to flooding and damage done by this storm that lasted through August and September 2017. The relief efforts brought many groups together to help restore some sense of normalcy with one being Anthony Petrello and Nabor Industries. Nabor Industries is the leading Geothermal and Natural Gas contractor in the in the world with many employees living in the areas affected. Mr. Petrello didn’t hesitate but acted with a generous and helping hand in Houston, Texas where a majority of the damage was felt.

Nabor Industries, led by Anthony Petrello opened up their kitchens on site to provide as much support as possible to those in need, as well as those helping with relief efforts. They provided three meals a day to many who were left without shelter as the storm destroyed many homes and businesses with high winds and heavy flooding. The employees of Nabor Industries started relief fund which Anthony Petrello matched at $173,622. The help was well received as many hands were involved in getting Texas as well as the rest of the Gulf Coast back to a much better circumstance.

Anthony Petrello is a graduate of both Harvard and Yale, holding a J.D. Degree from Harvard Law and a BS and MS in Mathematics from Yale. He and his wife Cynthia are both very generous and caring philanthropists who don’t hesitate when they are called upon for help or the need is there. Together they have donated to many causes including a $7 million donation to the Texas Children’s Hospital where Anthony was requested by their board to be a member and head the fundraising sector there. With help from Anthony and his wife, the hospital was able to start the Jan and Dan Duncan Neurological Research Center which has helped many children who suffer from a multitude of disorders. Anthony Petrello has found many causes to support and he’s shown that while being successful is important, helping your neighbor is even more important and gratifying as well.

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George Soros Donates $18 Billion To The Open Society Foundations

Iconic investor and hedge fund manager George Soros is not only famous for his riches and position as one of the wealthiest men in the world. Besides his investments, George is also a philanthropic man. At the age of 87, he has been involved in funding a human rights foundation he founded in 1979. The Open Society Foundations recently received $18 billion, a donation that quickly pushed the organization to be one of the largest non-profit companies in the world today. However, this is not the only donation that George Soros has made towards human rights funds. He has cumulatively contributed an estimated $32 billion towards this cause.

George Soros Background

George wasn’t born a wealthy man, and neither was life easy on him. He was born in Hungary in 1930 during one of the worst genocides to be experienced in the world. He managed to flee the country and put himself through college. George attended the London School of Economics and worked as a waiter and railway porter to meet his basic needs. In 1969, he created hedge fund which would grow to become one of the most successful in business history. He also actively invested in the Soros Fund Management, a family office that currently boasts more than $25 billion in assets.

George is a well-known supporter of political causes, and he dispenses his donations through the Open Society Foundations. He aims at providing finds to champion civil initiatives that are aimed at reducing poverty, promoting transparency, and providing scholarships to universities across the world.

Open Society Foundations

The Open Society Foundations is the third largest charitable organizations in the world after the Bill and Melinda Foundation and the Wellcome Trust. The foundation has branches and partners all over the world. It primarily focuses on combating issues to do with human rights, discrimination, and injustice. Since its inception, the organization has championed liberal causes and supported nations in upholding human rights and justice. The foundation has given over $14 billion towards these causes since it was founded in 1979. Through the organization, George Soros has helped in the provision of essential amenities and accommodation to refugees and victims of political unrest in various countries across the world.

In 2017, the Open Society had an expenditure of $940 million. As aforementioned, the foundation has incurred expenses of up to $14 billion since it was formed. This is an indication of how significant a role it has played in issues to do with politics, economic governance, human rights, civic education, and justice reform.

The Success of George Soros

It is no doubt that George Soros is a successful investor and philanthropist. His success in financial markets has been a contributing factor towards establishing authority in his human rights causes. It has given him independence and allowed him to take a stand even on controversial issues. According to him, it is this success that enables him to do things that others cannot when it comes to raising a voice against injustices and discrimination in the world today.

To Learn More : www.nytimes.com/topic/person/george-soros

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