George has always placed the highest priority on giving back to those who need it most. He established the George and Irina Schaeffer Foundation, which has donated millions of dollars to charities worldwide, and was recognized by ELTE University in Hungary with the Senate Medal, following his generous donation that made the Visual History Archive of the Shoah Foundation accessible to students, faculty, and researchers throughout the world. He has gone on to win numerous awards, including the City of Hope Cancer Center Spirit of Life Award and many others. 

George is actively involved as a Former President and current Chairman of the Board of the Bnai Zion Foundation. His unending generosity, coupled with the love and support from his wife Irina, has an immeasurable effect throughout many of the organization’s past and present projects.