Philanthropy

The DeVoses Opens their $139 Million in Philanthropy for Scrutiny

Dick and Betsy DeVos have demonstrated exceptional leadership in funding charitable organizations, Republican Party, and Republican candidates. Their outsized political donations have been met with lots of criticism and attention. Shockingly, their political donations are peanuts compared to their charity donations that currently stand at $139 million in their lifetimes. Before assuming office as the cabinet secretary responsible for the U.S. education docket, the Senate committee looked into the donations that Betsy DeVos had handed out to various education choice programs and Republican politicians.

 

The couple operates the Dick and Betsy DeVos Family Donation that has funded numerous non-profits across the U.S. The website of this organization reveals that the DeVoses’ charitable donations totaled to $11.5 million in 2015 alone. This amount shows that the couple majorly focuses on charitable contributions since the political donations for the past five years amounted to $5.3 million.

 

The couple comes from a powerful family dynasty, which has stayed loyal to the Republican politics and matters for decades. In 2015 alone, the DeVos family contributed charity donations amounting to $104 million and settled at a position 24 among the American Top Givers list on Forbes. Forbes placed the extended DeVos’ family lifetime expenditure at $1.33 billion after intensively working on the data that the family offered. Betsy DeVos grew up in a family renowned for philanthropic donations.

 

Focus on education

 

The philanthropic efforts of Dick and Betsy incline towards education. Education causes and foundations promoting education received 26 percent, over 3 million, of their total donations towards charitable initiatives. Organizations that have unceasingly supported education reform got $357,000. Dick DeVos reiterated that their charitable spending is an expression of their unwavering passion for boosting the quality of education.

 

Dick DeVos in brief

 

Dick DeVos boasts more than 40 years’ experience in high leadership positions and business management. His career commenced in 1974 at Amway Corporation where he worked in different capacities of the firm’s various divisions, including sales, marketing, manufacturing, research, and finance. He rose through the ranks to become one of the company’s senior VPs in 1984. In his capacity, Dick DeVos was trusted with the sole role of overseeing operations in 18 countries. During his six-year tenure as foreign operations VP, Amway opened up new markets and recorded an increase in the annual sales locally and outside the country.

 

His Come Back To Amway

 

Dick DeVos had a two years stint as the CEO at Orlando Magic, a basketball organization co-owned by his father. He left Orlando Magic and returned to Amway as President. The firm grew in leaps and bounds and saw its operations cross the border to more than 50 countries in six continents under his watch. In 2000, Dick DeVos oversaw a major restructuring and rebranding of the firm to Alticor. Dick left Alticor in 2002 to join The Windquest Group, an investment management company as the president, a position he holds to date.