According to a report released recently, Dick and Betsy DeVos have become acquainted with criticism and attention especially for the large political donations they make to the Republican Party. Over their entire life, the Devos family has given over $139 million to charitable causes. This makes their political contributions pocket change. According to a report by the federal government, Betsy and Dick DeVos made a donation of $5.3 million in the form of campaign donations in the year 2015. On the other hand, the family made a donation of $11.5 million to charity organizations in the year 2015.
The Family has been involved in the Republican Party politics for a while. In the year 2015, the larger Devos family made a contribution of $104 million to charity donations. This meant that the family became the 24th most generous family by the Forbes Magazine. This also meant that the family had spent a quarter of their wealth on donation. The family has an estimated wealth of $5.2 billion, and it is estimated that they have donated more than $1.33 billion. Betsy DeVos has a Dutch descent as his father was Edgar Prince who was also a notable philanthropist.
A recent report showed that the family allocated over $3 billion to educational causes in the year 2015. This meant that the family used 26 percent of their donations to education. At the same time, 3 percent of their donations was driven towards education reforms. The family said that they made this donation as they felt that the current system was underachieving in the fulfillment of the American Dream. The family feels that despite some teachers and administrators dedicating their life to children’s education, there is still room for improvement.
Some of the beneficiaries of this fund include the Compass College of Cinematic Arts in Grand Rapids that received 50 grand, the Detroit Charter School Company New Urban Learning that received 25 grand, the Ferris State University Big Rapids that received 100 grand as well as West Michigan Aviation College that received 315 grand and Northwood University Midland that benefited with 200 grand. Other than education, the couple also supports art and culture. In the year 2015, they spent over $2. 4 million on the agenda. This makes it 21 percent of their donations. The good thing about their donations is that there are no strings attached. There is no specification on how their money should be spent.
Dick DeVos was born in Grand Rapids, Michigan 67 years ago. He holds a degree from Northwood University where he majored in business administration. He also holds honorary doctorates from several institutions such as Central Michigan University, Grove City College, and Northwood University.
He has been involved with Amway Corporation since the year 1974. During this period, he has held several positions such as president, chief executive officer, and senior vice president. He has also worked with the Orlando Magic.