Dick and his wife Betsy DeVos has been participating in philanthropic activities for a couple of years. It is estimated that the couple’s foundation has donated over$ 139 million in their lifetime. However, according to Forbes, the family has given more than just $139 million. Forbes estimated their lifetime giving to be at $1.33 billion, which is almost a quarter of their $5.2 billion fortune. The DeVoses are ranked among the top American givers. In 2015, the family donated $11.6 million in various charity giving.
Donation to the Education Sector
The family began donating to the education system to help out kids who grew in the wrong ZIP codes access the American education. Although the family is criticized for their huge donations, Dick remains unmoved by the critics and believes that donating to the education sector has always been aimed at improving the education system to meet the American dream. Dick further argues that although there are highly talented educators and administrators in the United States, the poor system of education doesn’t allow them to reach all the children effectively.
Arts and culture come second to the DeVos list of donations. This sector accounts for 21% of their lifetime charitable giving. The couple is known to give what they believe would make a change in the society. One of the significant funding in the sector was $ 22 million donated to launch the DeVos Institute of Arts Management, which is based at the University of Maryland. Dick said that he felt that a high-quality management was essential for the future of a community with diverse art. Other sectors that have benefited from DeVos philanthropy include civic and community at 16%, leadership, and development at 13%, public policy at 12%, health at 5% ad churches at 4%.
Dick DeVos Work History
Dick DeVos began his career in 1974 at the Amway Corporation, a company founded by his father, Dick DeVos. At Amway Corporation, Dick held various positions and was actively involved in running most of the activities at the firm. In 1984, he was promoted to become the vice president of the company. His responsibilities were to oversee the company’s operation in over 18 nations.
During this time he gained a lot of experience that enabled him to start his firm, Windquest Group in 1989. Two years later, his father appointed him to manage the NBA’s Orlando Magic Basket Franchise. In 1993 he returned to Amway Corporation as the president. During his tenure as the president, DeVos restructured the firm making it expand its operations to over 50 countries.