Category Archives: Philanthropy

American Billionaire George Soros Wants an Open Society Not a Trump Society

When Hillary Clinton was campaigning last year, she talked about an “open society.” An open society promotes human rights, open borders, and democracy. The concept of an open society is not new. Hedge fund billionaire George Soros is the person who put the open society bug in his friend’s ear 25 years ago. Clinton and Soros are old friends. Soros donated a bundle of money to the Democratic Party to help make the open society concept a reality in the United States. George donated $25 million to various Democratic candidates in 2016.

Soros started a foundation called, The Open Society Foundation. His foundation has donated billions of dollars over the last twenty years to organizations in countries around the world that are experiencing some sort of government oppression. Some people say Soros is trying to manipulate the outcome of elections in communist countries, but that’s not true. Soros is a freedom fighter who uses his wealth to help people.

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

George Soros is 86-years-old. He doesn’t invest the same way he did when he was younger, but he is still an accomplished hedge fund manager. The Soros Family Fund has more than $32 billion in assets under management, and all of that money is family money. Recently, Soros decided to become active in investing again. He sold a fortune worth of stocks and added gold to his extensive portfolio. He also placed a short against the Chinese yuan. George expects the yuan to depreciate like the pound sterling did in 1993. Soros made $1 billion when the British government devalued the pound, and his hedge fund made $7 billion. If the Chinese are forced to devalue the yuan because of their banking issues, Soros could make a lot more than he did in 1993. Learn more about his profile at Forbes.com.

But the Hungarian-born, London School of Economics graduate does not spend an extraordinary amount of time investing these days. He is more concerned with keeping Donald Trump in check. He is also involved in rebuilding the Democratic Party. The 2016 election showed serious flaws in the Democratic philosophy. Soros has a degree in philosophy, so he knows how to deal with the issues facing the Democrats in 2018 and in 2020.

George Soros is always newsworthy. Some news articles try to paint Soros with an unflattering brush, but the truth is Soros spends his life promoting the principles of a Democratic way of life. He is a dedicated American and an outstanding philanthropist who helps millions of people live with dignity and human rights.

Read more at The New York Times about George.

Dick DeVos Narrates About his Lifetime Philanthropic Contributions

In an interview with MLive billionaire, Dick DeVos revealed that his family had spent millions of dollars to fund various charitable activities. Generous donations for Dick and Betsy, his wife, amount to $139 million. These revelations came about when Betsy was vetted for the office of the U.S. Education Secretary.

 

Contributions to the Education Sector

 

Reports reveal that in 2015, this couple donated roughly $11.6 million to various charity organizations via the well-known Dick and Betsy DeVos Family Foundation. Dick and Betsy come from a lineage that has played a huge role in the Republican politics. Dick’s father, Richard DeVos, who is also the founder of Amway Corporation, donated $104 million to various charities in 2015.These acts by this high profile family placed them at position 24 of the Forbes list of America’s Top Givers. Reports also indicate that this family has donated around $1.33 billion throughout their lifetime, which is a quarter of the net worth of the family. The late Edgar Prince, an internationally respected real estate mogul cum serial entrepreneur, is the father of Betsy.

 

Dick and Betsy are famous for funding education causes. This involvement is one of the reasons why Betsy was appointed as the secretary of education. In 2015, they allocated a quarter of their total contribution to academic causes. Additionally, they also funded groups that campaign for educational reforms in the United States. According to Dick, their priority when it comes to social responsibility activities is to improve the education sector. This noble initiative was prompted by the failure of the system to provide the American dream that each child in the U.S. deserves. Some of the schools that have benefited from this kind of support include local colleges within Michigan state`. Some of the earliest benefactors of the DeVos charitable acts are the Potter’s House and the Grand Rapids Christian Schools. They are also the initiators of West Michigan Aviation Academy.

 

Other causes funded by the DeVos

 

Since West Michigan Aviation Academy was established, more than 15 pilots have graduated from this college. Apart from education, Dick and his wife also support arts and culture initiatives. In 2015, they spent over $2.4 million to this cause. Dick is also responsible for establishing DeVos Institute of Arts and Management at the highly ranked University of Maryland. The couple supports sectors like leadership & development, public policy, community & civic sectors, churches, health, and human services. Dick is known for giving without expecting anything in return. He finds contributing and giving back to the community fulfilling.

 

 

Dick DeVos Encourages Hard Work

As a member of a prominent family that is not only known for their wealth, but is also known for their generosity in not only the Michigan community, but also in communities around the world, Dick DeVos has truly been able to make a name for himself within the world of business as well as within the world of philanthropy. Dick DeVos loves his job and has the goal to preserve the name of DeVos for the future and to continue to grow the name and to pass down the legacy of this great and noble family that continues to expand across the United States.

 

The DeVos family is known as the family who created Amway Corporation, a multi-billion dollar corporation as well as a corporation that has grown on the international scale that continues to specialize in household products that are affordable and make daily life much easier for individuals. Dick DeVos, as a businessman, has always looked to help this company and to grow it even further on the international and even on the national level.

 

Dick DeVos believes that though he is success and has accumulated much funds over the years, the key to success is not wealth, but is instead what is done with the wealth. Dick DeVos believes that his money should be shared and should be specifically used in order to help others also achieve greatness. For this reason, Dick DeVos has funded many education initiatives in order to help others also appreciate the value of a well earned education that was not earned based upon a simple payment to the college.

 

Dick DeVos believes that a higher level of education is something that should be earned and not given to someone who has more than another individual. Dick DeVos has always believed that an individual should earn and work towards a degree. Though Dick DeVos came from a prominent family, he worked his way to earn a degree in economics and worked hard throughout the company in order to establish a name and a reputation for himself to set himself apart from a family name and his position as the owner’s son.