If you had billions in your bank, what would you do with them? This is a tough question to pose especially because most of us don’t have that kind of money. Well, for the few that have been blessed with this kind of money, one thing is common among them. They give it to the less fortunate through charitable donations while some channel their funds into something more personal like making political donations. This is what one family has been doing with their money. With an estimated wealth of $5.4 billion, the Dick DeVos family has given a quarter of their wealth to charity and political donations. The family supports the Republican Party, and their donations haven’t gone unnoticed. Betsy DeVos was recently approved to be the secretary of education, and this is partly as a result of her family’s dedication to changing the education system through the donations they make.
According to tax returns obtained since the two got married, they have made donations of over $139 million. Dick DeVos tried to clinch the governor chair for Michigan in the year 2005 but lost to the Democratic candidate. In a recent article, their charity donations were broken down, and it was shown that they give priority to the education sector. According to the report, the education sector has received 26 percent of the donations they make.
Institutions that have received these donations include Northwood University, Potter House, Wyoming, Ferris State University, Rehoboth Christian School as well as Detroit Charter School Company and Compass College of Cinematic Arts. As it can be seen, all these institutions are from all over the United States. While these donations have been criticized as a way of diverting attention from their political contribution, the DeVos Family says that they make the donations out of a good heart to help those kids that still believe in the American Dream. The family also says that they have made a deliberate decision to include their children in their philanthropic activities. Their donations also support other causes such as health and human services, arts and culture, churches, public policy, leadership, and development as well as helping the community with urgent matters such as food, a shelter for the homeless among other things.
The DeVos have made their fortune through three ventures that are owned by their father. There is the Amway Corporation, the Orlando Magic, and the Windquest Group. With all these companies, Dick DeVos has served in different positions such as the chief executive officer, president, and vice president. He is usually dedicated to his roles, and this has always translated to success.