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6Jun/17Off

Betsy DeVos: Fighting for Equal Educational Opportunities

Betsy DeVos was born and raised in Michigan where she attended Calvin College, a Christian Liberal Arts school. While in college, DeVos became involved in politics and such involvement has continued throughout her life. She has spent the last 30 years since then running campaigns, party organizations and political action committees.

DeVos has been the chair of the Windquest Group, a firm founded with husband Dick. The group invests in technology, manufacturing and clean energy. In addition to her work with the group, Betsy DeVos has been the chair of the Dick and Betsy DeVos Family Foundation. She has been a board member of the DeVos Institute for Arts Management at the Kennedy Center, Mars Hill Bible Church, Kids Hope USA, and the Foundation for Excellence in Education. Devos has been a leading advocate for the school choice movement.

Know more: http://www.betsydevos.com/news/

When DeVos' children were school age, she had to face a harsh reality in that not all children had the same access to educational opportunities. Betsy DeVos made a commitment to make a difference. She spent 15 years being a mentor to at-risk students in the Grand Rapids, Michigan public schools. She and her husband visited Potter's House Christian School in Grand Rapids. DeVos was moved by the families that were clearly struggling to keep their children learning in a safe learning environment. Betsy and Dick DeVos started helping to support individual students at the school. That support grew into a larger financial commitment, and the DeVos' continue their support to that school today. That experience sparked an interest in helping struggling families to choose better educational opportunities. Realizing that not all parents of school children had the opportunity to express the need for better educational opportunities for their children, Betsy DeVos committed herself to being their voice. She joined the fight for school choice so every parent could choose better schools regardless of district zoned school and regardless of income.

On February 7, 2017, Betsy DeVos became the 11th United States Secretary of Education under President Donald Trump. Together with the president, DeVos intends to continue her passion of the last 30 years working for educational reform. She has worked to get school choice in 25 states and the District of Columbia. She intends to work on creating equal opportunities for education the new reality. Visit Betsy’s profile on twitter.com.

9May/17Off

George Soros may be most abnegated philanthropist in history

George Soros has always been a curiosity among his plutocratic peers. Never devoutly interested in money, Soros always wanted to become a philosopher rather than a businessman.

In fact, he didn't even know that he wanted to go into a career on Wall Street until much later in life, when he was already in his late twenties.

One interesting consequence of this is that, it seems, Soros has long held the philosophy that philanthropic pursuits are the end to which all investors should strive in created means to fulfill. Over the course of his career, Soros has given away more money than perhaps any other investor in modern history. But what's more, he has given away this money throughout the entirety of his career; this includes significant sums very early in his investment career, when those returns would have had the opportunity to compound over many years, generating huge returns.

Many investors such as Warren Buffett, Carl Icahn and even the Koch brothers only started giving away vast sums of their fortunes much later in life. What this meant for these investors is that all of the money that they generated early in their careers was always able to compound. Many people do not fully appreciate the power that money left to compound returns has in building wealth. But it's safe to say that, for example, in the case of Warren Buffett, if Mr. Buffett would have been willing to give away the same amount of money that George Soros did at the same point in his career, he would have just a small fraction of his current wealth. Know more about George Soros on Investopedia.

After starting his first hedge fund, Soros Fund Management, in 1972, Soros went on to have an incredibly successful decade. But during this time, he almost immediately began giving away serious portions of his wealth to causes in which he believed If we assume that George Soros gave away the equivalent of just $1 billion in 1980, a very conservative assumption, given the fact that he has donated over $15 billion to date, his total net worth, compounding at a rate of 25 percent per year would be in excess of $3.5 trillion today. This would easily make him the richest man who has ever lived.

Because of Soros’ incredible rates of return, even the small amount of money that he gave away early in his career would be worth tremendous sums today.  Thus, it's safe to assume that absent Soros’ extreme generosity he would today be the richest man alive. Learn more on discoverthenetworks.org about George Soros.

21Apr/17Off

The Landmark Philanthropy of Dick DeVos

The world is in need of changes that need to be executed by people. Dick DeVos has already taken his portion of his work by bringing reforms. The world would give this nobleman and his family a standing ovation for their philanthropy activities that has donated over $139 million. This kind of culture has been handed down from the parents who were also charitable. The elderly DeVos plus the four children donated over $104 million in 2015. This is a clear indication the focus of the family is to support courses that are geared towards changing the lives of other people and transforming the world as a whole.

 

 

Education has emerged to be a priority to Dick DeVos charitable activities.  The foundation that is run by the couple also allocated another 3% of all of their charitable allocations to groups that were passionate about education. This is a clear indication they hold education reforms in high esteem. According to the Dick DeVos, the current education system is not in line with the American dream. This is because still children are forced to attend schools they have not chosen. One of the reforms they want to create is the liberty to allow parents and students to choose the schools they prefer.

 

 

DeVos Work History

 

 

Dick DeVos was born in 1955 in Michigan to the son of Richard DeVos who was the co-founder of Amway. In 2012, he was listed as the 67th richest person in the world according to Forbes. He has been passionate about changes in the education sector with efforts to transform the education sector being noted way before he became co-chair of the Education Freedom Fund. Today, he serves as the President of Dick and Betsy DeVos Family Foundation. He has also been passionate about political activities and has thus supported the Republican Party in a remarkable way.

 

 

The passion Dick DeVos with his wife Betsy have regarding education reforms started way before the 1980s. However, in 1989, they both launched a platform where they could be able to channel their assistance to different groups that were needy. It was also their focus to ensure they enhance the community, support education issues, and promote arts. In their policy, they also support justice and help grow leaders who are aware of the present challenges and thus come up with custom solutions. The foundation has been of great help to different institutions such as West Michigan Aviation Academy and the American Federation for Children among many others. Their relentless support for reforms across the world has remained notable due to their passion and zeal.