Dick DeVos’ Education, Career and Philanthropy

Posted on March 23, 2017

Dick DeVos is one of the most famous people in the United States. Right now people know him as husband to Betsy DeVos, the current Education Secretary in Trump’s government. However, he has always had a great reputation for being a serial philanthropist, entrepreneur, and businessman.

 

Education

 

DeVos Jr was born to one of the wealthiest families in the country. Currently, his father Richard DeVos is ranked at the 88th richest person in the US. His father is the co-founder of Amway Corporation. Having been raised in a family-that is so business oriented, it was only expected that he would follow in the steps. Therefore, after graduating from the Forest Hills Public School System, he applied to join Northwood University and was admitted. DeVos Jr, graduated from the University with a Bachelor’s degree in Business Administration before proceeding to join Harvard Business School Executive study program. He also has honorary doctorates from various Universities including Northwood University, Grove City University and Central Michigan University.

 

Career

 

After completing his bachelor’s degree, Dick DeVos first started working at Amway Corporation. This was back in the year 1994. Being his father’s company, you would expect that an executive position was just handed to him, but this was not the case. DeVos Jr started like everyone else, holding various support staff positions in the R&D, Marketing and sales departments. A decade later, he was appointed to work as one of the vice presidents in the company and two years on, he was made the Foreign Sales Vice President. In the year 1993, he succeeded his father and became president of the company.

 

Other than Amway, Dick DeVos has worked for companies such as Orlando Magic, assuming the position of CEO. And when he retired from Amway in the year 2002, he joined the Windquest Group.

 

Philanthropy

 

Dick DeVos is a highly religious man. This trait and the fact that he quite moneyed, has made him to be one of the biggest philanthropists of his generation. Together with his wife, they founded the Dick and Betsy Foundation. Through the foundation, they donate to a huge number of charitable courses.

 

 

Dick DeVos is known to have started the first charter aviation school in Michigan, The Michigan Aviation Academy. This school was founded with the aim of helping children of the less-fortunate to achieve their dreams of being in an aviation school.

 

 

DeVos Jr is a big advocator for education. In collaboration with the Thunderbird School of Global Management, he offers scholarships to students who would like to study Master’s in Science, Arts or Business Adminstration.

The Philanthropic Undertakings of James Dondero through a Partnership with The Dallas Foundation

Posted on September 29, 2016

James Dondero is the head of the Highland Capital, and he is well known for his philanthropic undertakings. His company increased the budget of its social responsibility program to $3 million, and it has been focused on getting a partner that will help it in controlling the funds.

Mr. Dondero met Mary Jalonik, who is the CEO and president of The Dallas Foundation, and they formed an affiliation that will ensure the success of the charity work. The Dallas Foundation is highly experienced in overseeing funds that are used in offering aid. The two presidents came up with a competent and focused strategy for managing the charity and they formed the Highland Dallas Foundation Inc. Learn more about James Dandero: http://www.jamesdonderohycredit.com

Mr. Dondero is mainly a benefactor of healthcare, veteran, and education related charities in the North Texas area. He will be able to expand his undertakings to help The Dallas Zoo, The Petro Museum, and The Bush Presidential Library. Jim and Mary appointed Linda Owen to be the head of the Highland Dallas Foundation. Before joining the charity, Linda served the Woodall Rodgers Park Foundation as the president and the CEO. The relationships, expertise, and guidance that she has can be helpful in improving the life of the people in the northern parts of Texas.

According to PR NewsWire, James Dandero established Highland Capital Management, and he currently works as the president of the firm. The head office of the company is in Dallas, Texas. Mr. Dondero has sufficient knowledge in the equity and credit markets, where he has specialized in offering guidance on profitable and distract investing. Highland Capital Management was started in 1993.

Apart from HCM, James is the chairperson of the CCS Medical, Cornerstone Healthcare, and the Nexbank. He also serves the MGM Studios, and the American Banknote as a member of their boards. Mr. Dondero is a former employee of the Protective Life, which is a division of the GIC.

His major accomplishment the firm was helping it to raise its worth to $2 billion between 1989 and 1993, and he was its Chief Investment Officer. James Dondero has titles of a Certified Management Accountant and a Chartered Financial Analyst. He also studied accounting and finance at the University of Virginia.

The Success of Dick DeVos

Posted on May 26, 2016

Dick DeVos is a renowned individual not only for his business skills, but also for his philanthropy. Mr. DeVos is responsible for not only supporting his community with generous donations, but he is also responsible for building schools and for creating scholarships with the purpose of helping individuals pursue a higher education. As a businessman, Mr. DeVos knows exactly how vital an education is in order to continue to exponential increase of human capital. With Mr. DeVos’ net worth of over 5.1 billion dollars, he is a firm believer that the money that he has worked hard for should be shared by the community. Thanks to Mr. DeVos, several organizations that are centered around religion, education, art, as well as the free market have all received Mr. DeVos’ generous donations.

Dick DeVos found his love for business while growing up in a household that literally served as a business. Dick DeVos’ father is Richard DeVos, the proud founder of Amway Corporation, a distribution company that started out in the basement of the DeVos household. As a young child growing up into a bright young man, Dick DeVos watched as his family’s company grew into a multi billion dollar corporation that has partnerships as well as contracts with over 18 different countries in the four corners of the world. As Mr. DeVos was born and raised in Grand Rapids, Michigan, Mr. DeVos continues to be attached to his home as well as his community as Mr. DeVos remembers nothing but fond memories.

Dick DeVos distinctly remembers growing up and contributing to his father’s company. Though he was just a young boy, Dick DeVos and his brother were constantly in the office while play, stocking shelves, or even holding a product demonstration to the clients of the company. Dick DeVos’ experiences with business from a young boy to a young man are what later motivated Mr. DeVos to pursue a degree in business to help the family company even more.

After several decades in the industry of business, Dick DeVos has decided in recent news to pass on much of his responsibility to his trustworthy partner, Phil Dolci. Mr. Dolci is excited to have been chosen by Dick DeVos to run his business and hopes that he can continue the family legacy over the next several decades. Dick DeVos chose this individual for not only his marketing and business skills, but also for his leadership.

Grand Rapids Entrepreneur Provides A Wide Range Of Support From His Charitable Foundation

Posted on January 20, 2016

The subject of philanthropy has been in the news a lot over the last few years with increasing numbers of the richest people in the world looking to support charitable groups. One of the first of the latest generation of successful business people to provide support for charitable groups was Dick DeVos, who now supplies support for groups ranging from just $250 to $1 million depending on the need shown. DeVos and wife Betsy rarely discuss their charitable foundation, but have revealed in an MLive article that around $7 million in support was provided in 2013 through 121 donations to different groups. By the end of 2013 the foundation supported by Dick and Betsy DeVos had assets of around $50 million to help the group support a wide range of different charitable groups and programs.

DeVos is one of the top business people in the world after leading the AmWay group to greater success than they have achieved in the past. Despite the great success achieved in and around his native Michigan, increasing amounts of time have been spent by the DeVos family on their charitable giving, which sees a number of foundations created to back the many different interests of the family.

I am incredibly grateful to my parents for initiating and encouraging by example the tradition of philanthropy within our family. We are happy to be a part of this great community!

Posted by Dick DeVos on Monday, January 4, 2016

Much of the work of the Dick and Betsy DeVos Foundation is focused on the Grand rapids area, and provides support for educational initiatives, the arts and civic causes. Dick has been attempting to make sure educational opporutnities are always available in the Grand Rapids area, which led to the establishment of an aviation based charter high school in the area. Dick has a passion for aviation which, hand-in-hand with his belief in creating educational opportunities for those less fortunate, make perfect sense for his founding of this school. He frequently flies his helicopter in downtown Grand Rapids.

One of the largest areas of funding has been provided for the arts, particularly in the shape of the Kennedy Center for the Arts. The DeVos family provided more than $22 million in funding for the world famous center and have continued to provide support for a major expansion of the center begun in 2015.