Philanthropic and Business Activity of Betsy DeVos

One of the most influential women in the United States of America currently is Betsy DeVos. She has been known for many things that she has done, but the most prominent aspect of her activities has been the philanthropy work that Betsy DeVos has been dedicated to for many decades of her life and career.

The most recent, and probably the largest responsibility that Betsy DeVos has ever assumed, is the position of US Secretary of Education. Betsy DeVos was appointed to the important post by the current president of the United States of America over the course of Trump’s mandate. One of the first actions that Betsy DeVos took as the new US Secretary of Education was to introduce the voucher system for private schools. In spite of the fact that the system was met with mixed feelings from the public, the voucher system has been growing in popularity over the past couple of months.

Betsy DeVos spent her early life in the town she was born – Holland, Michigan. She attended a Christian high school and later enrolled to receive her graduate degree in the city of Grand Rapids, also in the state of Michigan. The maiden name of Betsy DeVos is Elizabeth Prince. The Prince family is a very influential one. Most of the members of the Prince bloodline have been involved in business, finance, and entrepreneurship. Edgar Prince, Betsy’s father, founded the giant Prince Corporation selling car parts. Most of the Prince family members are also philanthropists. Betsy’s parents – Edgar and Elsa Prince, have been dedicated philanthropists for many a decade. They have made billions of dollars in donations to all kinds of charities.

Learn more: https://www2.ed.gov/news/staff/bios/devos.html?src=hp

Over the course of her career, Betsy DeVs has done a lot for a vast number of institutions especially schools and universities and colleges. Education has always been the in focus regarding her philanthropy work. Betsy DeVos is also serving on a few school boards.

Along with her other responsibilities, Betsy DeVos is also a businesswoman. She is working at a few leadership positions including the Windquest Group and the Dick and Betsy Family Foundation. The Windquest Group was founded by her husband – Richard “Dick” DeVos and the Family Foundation was established by the couple almost twenty years ago.

Richard and Betsy DeVos have been making up one of the most influential couples in the United States of America. Both of them have invested millions of dollars in donations as individuals. At the same time, The Dick and Betsy Family Foundation has also been making generous donations. The couple of Richard and Betsy has actively invested their contributions in the education sector, but they have also been supporting the Republican political party. Read more articles at MLive about Betsy.

DeVos critics silenced by disclosures of huge philanthropy

Dick DeVos has done many enormously positive things in his life. He has contributed hugely to the advancement of the business of his father, Rich DeVos, the billionaire cofounder of Amway. He has also made great contributions to a large number of charitable causes, over the course of his life.

 

But DeVos has also cultivated a number of opponents, most of whom oppose him on strictly ideological grounds. While DeVos is widely known as a major benefactor of the Michigan Republican party, the truth is that he has spent a vanishingly small portion of his life on politics. However, many of his critics have claimed that he has spent vast sums of money making donations to Republican causes as well as conservatism in general.

 

However, recently, these ideas were exposed as myths. Due to his wife, Betsy DeVos, being appointed to the post of Secretary of Education, DeVos was required to disclose all of his family’s charitable contributions over the last 20-plus years. These revelations made clear that DeVos, contrary to what many of his critics have claimed, donated very little of the total charitable contributions that his family has made to political causes.

 

The vast majority of the more than $110 million the DeVos’ family has given away has been directed towards local charities, in particular, local educational institutions that help disadvantaged youth. In 2015 alone, DeVos gave away more than $11 million to Michigan schools. But DeVos has not been contented simply to sit on the sidelines or to act as a paymaster to his favored projects.

 

DeVos has long been a passionate advocate for charter schools and the benefits that they offer, particularly to underprivileged and inner-city children. The United States has long suffered from extreme dysfunction in its urban schools. Charter schools have been among the only solutions that have a proven track record of alleviating some of these terrible afflictions, which include many school districts not having a single student that tests proficient in math or reading. This is certainly the case in Detroit and other cities throughout Michigan and the Midwest .

 

One of DeVos’ major projects has been the funding of Detroit Charter School Company New Urban Learning School, a charter school specifically dedicated to uplifting talented youth in the Detroit metro area, one of the state’s worst public school districts, where students who genuinely want to learn stand virtually no chance of being able to do so.

 

Detroit Charter School Company New Urban Learning School has been a resounding success. In a school district where virtually no student is deemed proficient on standardized tests, the school has produced class after class of highly proficient student bodies who are capable of scoring up to 75 percent proficient in the main areas of standardized testing.

George Soros: From a Humble Beginning to a Billionaire and Philanthropist

George Soros, the well-known hedge fund manager and billionaire, is admired by the people for his philanthropic contributions and his political and social activism that are aimed to create a community that is driven by equality. He disapproves any type of discrimination and fights against all the odds in the society. Interestingly, Soros has set up open society foundations across the world which carries the message of everyone expressing their opinion without any bias and creating a community of equals. He is a staunch critic of President Donald Trump and his divisive policies. Soros fears that the closed market policies of Trump and hatred speeches and actions towards ethnic minorities can cause significant consequences in future. Read more about George’s life story at biography.com.

Soros had a humble beginning and born in Hungary as the son of non-practicing Jews in 1930. He and his family escaped the Holocaust and relocated to England, where he enrolled at London School of Economics. During that time, Soros started reading the books Karl Popper, the Viennese-born philosopher, whom Soros describe as his “spiritual mentor.” Through Pooper’s works, Soros came to know about open societies which became a major thought for his activism for the rest of his life. An open society formulates universal principles, looking for the welfare of every human being, and rejecting any “closed societies.” Soros started his career with a London-based brokerage firm called Singer and Friedlander. Later, he relocated to New York and began working as a stock trader on Wall Street. In the year 1969, he established Double Eagle Fund with a capital of $4 million. Read his profile at Forbes.

After four years, Soros established Soros Fund Management, and it grew consistently in the market and reached $1 billion value by 1985. Ever since he tasted his success in his ventures, Soros was very keen on charitable contributions and his open society foundations. It is surprising to know that he was spending as many as $300 million a year for various philanthropic activities by 1993. In the initial years, George Soros gave more importance to Central Asia and Eastern Europe. His open society foundations have a foothold in at least 70 countries as of today.

Soros was influential to a number of organizations which shaped the societies around the world. He played a crucial role in the democratic processing in Eastern Europe and contributed to the education, healthcare, and support for children from financially disadvantaged backgrounds in U.S. and around the world. Currently, he has a fortune of $25.2 billion, and his Soros Fund Management has assets more than $30 billion. The charitable contributions of Soros amount to more than $13 billion until the day. He earned most of his fortunes through risky currency trade business, and he invests in all the major financial markets around the world.