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Richard Devos Lifts the Veil over the $139 Million Giving To Education Reforms and Political Causes

The Devos family has been involved in philanthropic activities for a long time now. They have specifically been championing educational reforms in Michigan and the whole of America. They are renowned for their role in School choice movement that has seen more than a quarter million students get admissions in publicly funded institutions.

 

Besides their participation in educations reforms, Dick and his wife have also been active participants in politics. The two are said to have spent a huge portion of their fortune to fund various Republican candidature over the years. It has seen the couple get a lot of attention from the public and some critics as well.

 

Dick and Betsy’s donations to political causes can be described as a drop in the ocean when compared to what the couple has given to educational reforms. By 2015, the couple’s total charitable contributions hit the $139 million mark, which saw the duos family foundation ranked 24th among the top givers in America. When Betsy was nominated for the U.S. Education Secretary post earlier this year, her generous giving to educational institutions and political causes was put under scrutiny. The philanthropic couple decided to lift the veil on the millions of dollars they had given out towards education and political causes through the Dick and Betsy Family Foundation.

 

In 2015 alone, the Devos are reported to have contributed $11.6 million to charitable organizations according to a report published on the Family’s Foundation website. The amount was double what the couple had donated in campaigns over the last five years. Betsy and Dick are part of a huge family dynasty that has supported Republicans for a long time now. It is reported that in 2015, the extended Devos family contributed about $104 million to charity.

 

For Dick and his wife Betsy, their philanthropic giving has mainly been centered on education. The couple donated about $3 million towards education causes that consumed more than a quarter of the total charitable giving. Dick and Betsy Family Foundation further awarded $357,000 to groups that support education reforms. The couples have over time explained that their foundation is keen on championing more education reforms as the current system is not helping the majority of the students as it should. The couple also notes that the Foundation will continue to better the school choice system to help the children who are born in low-income families.

 

About Dick Devos

Dick Devos is an American businessman and the co-founder of the giant direct selling Amway. In 2012, Forbes magazine listed Dick Devos as the 60th among the wealthy people in U.S. with an estimated net worth of $5.1 billion. Dick Devos was born in Grand Rapids, Michigan in a middle-class family and was educated at Calvin College. Dick has served in a variety of executive positions at Amway, Orlando Magic Franchise, The Windquest Group and the NBA.