The Philanthropic Activities of Dick DeVos

Dick DeVos and his wife Betsy are highly recognized when it comes to their contributions to charitable organizations. They are also known to give a lot in political donations. Dick DeVos has managed to contribute approximately $139 million in charities together with his wife. Betsy DeVos is a nominee for the US Education Secretary and together with Dick they are lifting the veil on the huge amounts of money given through their philanthropy. According to a report released by the website of the Dick and Betsy Family Foundation, the couple contributed $11.6 million in 2015 to charitable organizations.

Dick DeVos is the son of Rich DeVos who is the co-founder of Amway. For many years, the DeVos family has been a key player in the Republican politics. The family gave out charity donations worth $104 million in 2015. It is for this reason that Forbes listed the family on 24th position on the list of America’s Top Givers. The DeVos Family has a fortune worth $5.2 billion according to Forbes and it is said to have given a quarter of it in its lifetime. Betsy DeVos is the daughter of Edgar Prince, a Holland Industrialist and also a huge philanthropist.

According to an article published on MLive, the wealthy individuals of West Michigan are recognized by the amount of money they give out in charities and not by their lifestyles. The DeVos Family has therefore led the way when it comes to giving. Education is a priority when it comes to the philanthropy of Dick and Betsy DeVos. In 2015, more than $3 million was allocated to educational causes. Their foundation also awarded 3% or $357,000 to groups that are supporting education reform. In an interview with MLive, Dick DeVos stated that the current system does not fulfill the American dream and that is one of the main reasons they give a lot towards education.

Dick and Betsy DeVos are both longtime benefactors of the Grand Rapids Christian Schools and the Potter’s House which is a Christian school which is urban. The couple started the first aviation-themed charter school in the country on Gerald R. Ford International Airport. The two are also the patrons at West Michigan Aviation Academy. Dick and Betsy DeVos also focuses on Arts & Culture and in 2015, they gave out more than 2.4 million to that sector.

Dick DeVos is the co-founder of the Dick and Betsy Family Foundation. He is a former CEO working at Amway Corporation where he served from 1993 to 2002. He is an active philanthropist who fights human rights, particularly small children. Dick is a successful businessman, author as well as an entrepreneur. He was in the race to become the Governor of Michigan in 2006, although he lost to Jennifer Granholm.

 

George Soros continues to be a force for the Democrats

Democrat billionaire George Soros has once again become a strong financial supporter of Democrat candidates and other democratic causes. In 2016, George Soros has given more than $25 million to Hillary Clinton and other Democratic candidates running for office. Associates of George Soros believe he may be worth nearly $24.9 billion dollars, which has been made through currency trades.

George Soros was pretty quiet when it came to making financial contributions following the successful re-election of President George W. Bush. George Soros was expected to witness Hillary Clinton accept the Democratic nomination for president but had to cancel his trip because he wanted to monitor the financial crisis in Europe. George Soros has become more politically engaged because he believes in Clinton and is worried what Donald Trump would do to the country. George Soros has also said he believes that the political stakes are increasingly high.

George Soros has been praised for going all in for Hillary Clinton and working to defeat Trump. His actions has been seen as a good sign for Clinton. Democrats see George Soros as someone who can energized the other rich liberal donors. Soros has given more than $7 million dollars to a super PAC supporting Clinton. According to Politico, George Soros has also given $2 million to a super PAC that targets Trump and other key Republican candidates. Read more about George’s life story at biography.com

George Soros has also promised $5 million to an organization that is attempting to counter Republican attempts at restricting voting. The organization known as the Voting Rights Trust, is run by Clinton’s lawyer Marc Elias. George Soros has also focused his spending on international organizations, giving more than $13 billion dollars over the last 30 years to organizations that protect human rights and provide access to health care and education to people all over the world and in the United States.

In 2005, George Soros launched a club made up of top liberal donors called the Democracy Alliance. It shifts the focus of donors from short-term battles to long-term fights such as income inequality and climate change, as well as combating the role of big money in politics. Visit Project Syndicate to learn more about George.

Soros was born in Hungary and escaped the country during the Nazi occupation. George Soros started his own hedge fund in New York in 1969 and later rebuilt it as the Quantum Fund. According to Forbes, George Soros has hired one of Wall Street’s top women to be the CIO at Soros Fund Management.

George Soros Works For The Downtrodden

George Soros, is a name you don’t want to be hearing if you happen to be a dictator or political party that uses its clout to control areas and exercise dominance over them. This Modern-day robin hood recently shared with us his plans for spending $500 million on small start-ups, with a preference for the european ones. But Soros, unlike most Hedge fund managers of his age and caliber had it rough starting out. He held odd jobs including being a waiter and porter for the railways, before landing a job at a merchant bank; the first step taken towards his future in finance. Considered by many to be one of the smartest and most successful investors of all time, Soros utilized his vast fortune for the benefit of the refugee, whose plights he feels at a very deep and personal level. This is what drives many of his efforts towards working for their betterment.

Soros is among the most capable individuals in present day governmental issues. He has utilized his impact since 1980 to redesign the political situation with numerous nations around the globe, knocking out a few administrations that have held political power for a long time. Soro’s influence and impact, to a limited extent originates from his $13 billion-worth fortune with is further determined by investor asset resources worth $25 billion in the hands of Soros Fund Management, his firm. George Soros utilizes his impact to modify the political scene as he sees fit, making much change all the while. In any case, it was not generally like this for Soros, who needed to settle on numerous hard choices while growing up. Read more on Snopes about George Soros

George was presented to his dad’s vision of making “Esperanto” a general artificial dialect made in the 1880’s with the expectation that it would bring about more concordant living on a worldwide scale and advance more significant associations between societies. Tivadar later changed the family name from Schwartz to Soros, which means ‘will take off’. Tivadar felt it best to have the family split up in order to boost their odds of survival when the Nazis walked in on Budapest in the year 1994. He acquired papers which would paint the relatives as Christians and paid certain authorities working for the government to keep his family’s Jewish character a mystery from the Fascists of Hungary and the Germans. He lastly paid groups of Gentile communities to keep this family in their homes. George himself, was put up as a godson of Christian root and renamed ‘Sandor Kiss’, as a result of his dad paying off an administration official from Hungary to do likewise. This hard upbringing had George see days where he was made to witness the hostile takeover of Jewish property among other things. These experiences are what have shaped him into the saviour to refugees that he is today.

Read more about George’s life story at biography.com

A Sneak Peak into Betsy DeVos’ Philanthropic Giving

Betsy DeVos and her family are undoubtedly one of America’s most notable and passionate charity givers. She heads the Dick and Betsy Family Foundation, which is known for its outsized contributions to political, educational, social, and economic causes in the U.S and beyond. So far, the foundation has bequeathed more than $140 million to different causes. This earned her a place in Forbes’ 2015 America’s Top Givers list.

What Inspired Betsy to be Philanthropy

Betsy’s late dad Edgar Prince was a renowned industrialist who was known for his charitable giving. Her upbringing made her understand the importance of supporting philanthropic causes. She married into to DeVos family, which is also known for supporting numerous causes. Betsy and her husband founded their foundation because they felt that through it, the donations made would have more impact.

Betsy’s philanthropy mostly focuses on education reform. In 2015 for instance, her foundation allotted over 3 million dollars to education reform. This accounted for a whopping 26 percent of its charitable giving that year. Betsy was attracted to education reform due to her commitment to ensuring that learners from all walks of life have equal access to education opportunities. According to her, the education system does not adequately address the needs of learners. Therefore, it is detrimental to the fulfillment of the American dream.

The foundation’s donations mainly benefit schools in Michigan. Institutions that have been bequeathed notable amounts in the recent past include Grand Rapids-based Compass College of Cinematic Arts, Ferris State University, Detroit Charter School Company New Urban Learning, Potter’s House, Rehoboth Christian School, and the West Michigan Academy. These institutions received donations ranging from $50,000 to $500,000. They were chosen because Betsy believes that they offer the best environment for adult supervision and support, accountability, and academic rigor. Visit Betsy’s website at betsydevos.com

Arts and Culture Philanthropy

Apart from education, Betsy’s foundation supports the arts and culture. In 2015, she donated more than $2.5 million to artistic and cultural initiatives. This accounts to over 21 of her charitable giving that year. Together with her husband, Betsy DeVos launched the DeVos Institute of Management, which is a faculty at the University of Maryland. They have similarly been supporting efforts made by Michael Kaiser to strengthen the commercial aspect of arts organizations, which is often overlooked.

What stands out from Betsy’s philanthropy is the fact that she makes donations without demanding for publicity. Besides this, her donations do not have strings attached to the manner in which the monies are spent. She simply makes donations to organizations that she feels will make a notable impact in the society. She has also been integrating her children into the charity tradition by encouraging them to find causes that they can support on their own. Betsy’s recent appointment into the Trump administration proves her desire to leave a legacy.

Follow Betsy on twitter.com