Philanthropy Plays A Major Role For Betsy DeVos

The newly installed Secretary of Education in the U.S., Betsy DeVos has been a major supporter of education reform around the nation for more than three decades, but the work she has completed on her own and alongside her husband, Dick has been just as impressive in terms of philanthropy and business. The philanthropic work of Betsy DeVos is often seen as being limited to her education reform activities, however, she has also looked to make major improvements to the communities she has become involved in across the U.S.; Mrs. DeVos has spent much of her philanthropic career seeking to advance the role the public play in their own lives, which has led to decisions about education and community involvement once again being placed in the hands of those who are affected by economic and social issues on a daily basis. Check this related article from nypost.com.

Betsy DeVos has always had an interest in education after spending her childhood watching her own mother teach in the Michigan public school system, which led to the Calvin College graduate having knowledge of the inner workings of the public school system from a young age. It was when her own children reached school age that Betsy DeVos and her husband Dick began touring schools in Michigan looking for the best option for their own educational needs; visiting The Potter’s House Christian School in Grand Rapids, Michigan marked the change in philanthropic focus for the couple who began seeing the difficulties facing low income families in getting the best possible education for their children. It has been three decades since Betsy DeVos began taking a major interest in education reform and the cause became her philanthropic focus. Betsy DeVos and husband Dick have remained steadfast in their financial support of The Potter’s House school and have personally financially backed marketing campaigns designed to raise awareness of school choice and voucher programs that are often not publicized at a high publicity level.

Betsy DeVos worked alongside her husband to develop new ways of providing investment support and philanthropic backing to causes the couple care about through their The Windquest Group. In terms of education, Betsy DeVos has played a key role in the development of the West Michigan Aviation Academy, which is the first charter school providing a dedicated education with a view to creating graduates with an interest in entering the aviation industry. Other areas that have proven fertile ground for Betsy DeVos include the investment support she has provided for many Michigan based startups and companies looking to develop new technologies, such as the development of boxed water for disaster areas and green electricity production. Visit dbdvfoundation.org to know more about their foundation.

George Soros’ Entrepreneurial Journey and Political Involvement

George Soros is the best example of from rags to riches. After fleeing Hungary, his home country, he did all the odd jobs in London, including working in a hotel and as a railway porter. While at these jobs, Soros could not contain his desire for success and it led him to enroll in a finance course at London School of Economics. Equipped with his papers, he went on to land a job at a local merchant bank. In 1969, he left London for New York and started the Quantum Fund, a hedge fund he fully managed. His major breakthrough, however, came in the early 1990s when he joined hands with Stan Druckenmiller, one of the then Quantum Fund managers, to successfully short the sterling pound. Today, Soros invests in the hedge fund industry through Soros Fund Management, a company he has seen its asset worth grow from $12 million to $30 billion over the last 38 years. Dawn Fitzpatrick is the current CIO of Soros Fund Management, a position she was given early this year.

Know more: https://www.nytimes.com/topic/person/george-soros

Soros’ Political Involvement

Within the American political circles, George Soros is inclined towards the Democratic Party. His first major political involvement was in 2004 when he donated a whopping $27 million to fund the campaign of John Kerry against President George Bush. After Kerry had lost, Soros went into a 12-year political hibernation until last year when he re-emerged to support Hillary Clinton’s presidential bid. Sources from the Democratic Party and the data obtained from the Federal Election Commission, Soros made donations of not less than $25 million to fund Hillary’s campaign. His close associates revealed that he wanted to attend the Democratic convention to listen to Hillary’s acceptance speech after she won the presidential nominations. His plans, however, did not materialize as he got tied up in a business trip in Europe. The associates further revealed that Soros was planning to increase his funding as the elections day approached. Read his profile at Forbes.

Criticizing Trump

It could be interesting to know the main reason that prompted George Soros to re-emerge so strongly from his hibernation at 85 years of age. Rumors, which could not be far from the truth, had it that his sour relationship with the then Republican candidate, Mr. Donald Trump, had prompted him to return to politics. According to Michael Vachon, a political expert and a close political confidant of Soros, the seasoned entrepreneur felt a Trump presidency would threaten his beliefs. In particular, Soros showed an outward criticism towards Trump’s stand on the American immigration policy, religion tolerance, and the criminal justice system. After his big money entry in the presidential campaign, Soros motivated other anti-Trump billionaires to jump on the Democratic bandwagon. Among the notable businessmen who followed Soros’ steps included Tom Steyer, Don Sussman, Fred Eychaner, and Haim Saban.

Visit his profile on twitter.com.