Philanthropy

The Philanthropic and Business Career of Betsy DeVos

Betsy DeVos is a businessperson and philanthropist based in Michigan. She is the current secretary of education for President Donald Trump. During her career, she has been involved in a managerial capacity for the companies Neurocare and the Windquest Group. Along with being involved in business, Betsy has been one of the most active individuals in charity. She has given approximately $139 million to various causes over the last few decades. Most of the charitable causes she donates to are education, the arts, and the promotion of conservative values. With her contributions, Betsy has been able to make a very positive impact on her surrounding community on a regular basis.

In business, Betsy has been the chairwoman of the Windquest Group. This is an investment company that provides capital for businesses in the technology, clean energy and manufacturing sectors. This company has been able to provide capital for a number of businesses in these industries. She co-founded this company in 1989 with her husband Dick DeVos. Another company that Betsy has been involved with is Neurocare. At this company, she has been a chief investor and board member. This particular company provides biofeedback and therapy for a number of mental disorders that people suffer from. It has helped assist individuals who are dealing with depression, anxiety, autism and attention deficit disorder. Check this related article from nypost.com.

While Betsy has been involved in business during her lifetime, she has been very active in philanthropic activities. One of the activities that she has been quite involved in is education. Over the years, Betsy DeVos has looked to change the education system by making it more favorable for parents and students. She has always looked to provide parents and students with school choice. This allows both parties to pick the educational institution that they want to be a part of rather than settling for undesirable options. With school choice, students will have access to the ideal school as well as getting the best education possible. Another thing that Betsy has pushed for is school vouchers which provide funds for students to attend private school with public money.

During her lifetime, Betsy has been a part of the Dick & Betsy DeVos Family Foundation. This organization provides the promotion of conservative values in things such as education, social justice, improving the community and the arts. The organization has donated millions of dollars to various causes and made positive contributions to the community. On a regular basis, this foundation gives many organizations in the arts, education and the community funding to reach various goals in improving the overall quality of life for members of the community. Each year this foundation provides overall contributions of more than $11 million per year. Visit dbdvfoundation.org to know more about their foundation.

The Philanthropic, Political Social Activist, Billionaire George Soros

George Soros is a billionaire, and aging well for an 80 years + investment mogul. He is also an avid ideological believer. Soros is a firm liberal whose political interests date back to the World War II. He managed to escape death, and started a new life in the UK. George Soros has spent millions of dollars in support of open societies and liberal political parties.

Early Life

Soros, a veteran of civil battles suffered and struggled with fascism his whole life. Born in Hungary in 1930, he lived under a separatist Nazi-Hungarian government before his escape to London. He worked a couple of jobs and put himself through school at the London School of Economics. Soros later migrated to America and begun working in Wall Street. He gradually grew through the ranks until when he started his hedge fund in 1969 with around $12 million. It was later named the Quantum Fund. He made his fortunes in the US through fund management and investments. In 1984, George initiated the Open Society Foundation. One of its early projects was to give copy machines to civil society groups, libraries and universities, in his native motherland, Soviet – Hungary. He saw it a good course to help folks reprint forbidden publications.

Read more: http://www.investopedia.com/university/greatest/georgesoros.asp

Investments Mogul & Political Socialist

In 1992, he slammed the British pound and made huge profits. The legendary deal earned him a new nickname, “the man who bankrupted the Bank of England.” Today, Soros invests heavily through the Soros Fund Management, the family headquarters, which swanks $30 billion in assets. Soros hired Dawn Fitzpatrick in 2017, a prominent Wall Street’s woman, to manage his investment portfolio as a CIO of Soros Fund Management. Learn more about his profile at Forbes.com.

After the collapse of the Berlin Wall, Soros got himself deeply involved with ex-USSR and the old Warsaw Pact. He assisted with advising on their shift to democracy and free open markets for all. His foundation, Open Society Foundation, worked with local protesters and politicians, many of whom participated in top roles at important events in their nations’ histories — Examples include the Slobodan Milosevic’s overthrow in Serbia back in 2000; or Ukraine’s revolt against dictatorial leaders in 2004, 2013-2014.

Nowadays, Soros is a direct supporter in America’s political field. He channels millions to the Democratic Party and political affiliates like Black Lives Matter. Soros was a stern opposition of the Republican Party in the recently concluded US elections. Donald Trump emerged as the overall preferred candidate and President of the United States of America.

In Europe, George Soros drives his ideas through the Open Society Foundations network, which presently has offices in over 100 countries globally. Soros is a strong icon of modern liberalism. He is greatly admired across nations due to his anti-Semitism beliefs. In September 2016, he allocated $500 million for immigrant investments that expressly address their needs and host communities.

Read more at The New York Times about George.

Outstanding Philanthropic Donation- Dick & Betsy DeVos

It is very true that the Dick DeVos family has been getting a lot of critics and at the same time attention from the public for their donation in politics. But the truth is the political funds cannot be compared to the amount of money they have been contributing in support of charity in the nation. The amount the couple has been donating to charity can add up to $139 million.

Betsy Devos was nominated as the education secretary of the United States, and during her vetting process, the vetting team wanted to know the source of money that Betsy and her husband has been donating. It was clear that the donations come from their Family Foundation. During the vetting, Betsy told the panel that in 2015 alone their Dick & Betsy DeVos Family Foundation donated about $11.6million in support of their generous contribution and $5.3 million in their campaign donations over the past five years.

The DeVos family is known for its contributions in both politics and the community. They have been great players in support of the Republican Party starting with Rich DeVos who is Dick’s father. Rick is the co-founder of Amway Corporation. Rich DeVos has taught his children to give, and they once contributed $104 million in philanthropic donation in 2015. This donation gave the DeVos family to be listed among the great contributors in the United States of America. According to a report released by the Forbes, the family is number 24 in the list of the most American’s givers. Using the report by Forbes the family has contributed $1.33 billion which is estimated to be about $5.3 billion of their fortune. Elizabeth Prince also comes from a charitable and political givers family. Betsy’s father Edgar Prince was a political giver who also supported the Republican Party.

Dick and Betsy Devos donate towards the support of education in the nation, and their giving is a clear indication of how the Michigan couple value education. In 2015 only they gave about $3million in the education sector and the organizations which support education in the nation. Dick said that their giving has considerably improved the education system in the United States of America. The Michigan family decided to invest in the education industry because they released that the system was not fulfilling and only those with money in the nation got quality education. They decided to establish the school choice program to support children from low-income families. The program continuous to grow, and being backed by a significant number of people in the country.