Category: Philanthrophy

Dick DeVos: An Estimated $139 Million Now Reported In His Philanthropy


Dick and Betsy DeVos are one of America’s most generous couple, a trait that runs in the family and their donations have gone to so many non-profit groups including private schools, churches and hospitals in the Grand Rapids, MI area. So many people have wondered just how much Dick and Betsy have given, something that’s never totally been disclosed, but now reports surface that around $139 million has been given to these charitable causes over their lifetime that’s been given through the Dick & Betsy DeVos Family Foundation. That’s only a fraction of what the DeVos family under Richard DeVos Sr, Dick’s father has given at an estimated $1.33 billion.

 

Dick DeVos is a businessman first and foremost along with his brothers Daniel and Douglas and sister Suzanne. Richard DeVos Sr. founded the family company, Amway Corporation that Dick spent most of his early career with. This company is a multilevel marketing company that sells various household products and health and beauty brands to independent business owners who can then resell them to their own customers. Dick started working in various management capacities at Amway first, but he soon started managing strategic executive decisions as a company vice president. He became CEO of Amway in 1993 and started opening offices overseas and helped it gain profits over $4 billion in his last year alone. He’s currently the Chairman and owner of The Windquest Group, a company that invests in several locally-owned businesses and alternative energy companies.

 

Dick and Betsy’s biggest priority at the DeVos Foundation has been education reform, especially in expanding private school opportunities for lower income families and inner city children, and funding charter schools. They also have helped start charter schools, including the West Michigan Aviation Academy with a curriculum based in aviation and mechanics. The Kennedy Center’s Institute for Arts Management was renamed in Dick and Betsy’s honor after they made a $22 million donation to it. They’ve also given to local children’s hospitals and Dick was awarded the Spectrum Health Art of Giving award for a gift to a local Grand Rapids hospital. The DeVos’s support conservative non-profit groups including Hudson Institute and Heritage Foundation, and they’ve given to Republican Party Candidates. Dick ran in the 2006 Michigan governor race but came up just short, while Betsy is the former chair of the Michigan Republican Party and now the pick by President Donald Trump for Secretary of Education.