George Soros was born in Budapest, Hungary in 1930 and later founded his family company known as Soros Fund Management. Since his move to Wall Street to establish his own hedge fund in 1969, he has become one of the most politically powerful individuals. Soros may have a huge influence with his $13 billion personal fortune but there were many challenges he faced before reaching success, like escaping the Nazis in 1944 before moving to England three years later. There Soros decided to attend the London School of Economics, known as LSE. There he met a Vinnese-born philosphoer known as Karl Popper who later becomes known as his spiritual mentor.
Reading Popper’s 1945 book The Open Society and Its Enemies introduced Soros to the idea of an open society, playing a part in his thoughts and activities as he grew to maturity and started to reject modern-day political figures. This caused Soros to become an advocator for liberal causes.
The year of 1979 led to the first of his many Open Society Foundations. The objective was to help “build vibrant and tolerant democracies whose governments are accountable for their citizens.” There are Open Society Foundations in more than 70 countires around the wrold today. In one of his many books, Open Society: Roforming Global Capitalism, Soros explains that the society he searches for is one that includes “freedom, democracy, and rule of law, human rights, social justice, and social responsibility as a universal idea.” Know more on CNBC about George Soros.
Today, Open Society Foundation has a total asset of more than $1.9 billion. The foundation awards millions of dollars in grants to organizations like the ACLU and HRW that promote the same views and objectives as George Soros’. This list includes organizations that: accuse America of violating certain civil rights and liberties, organizations that try to counterbalance America’s endured racism, organizations that portray America’s criminal-justice system as racist, organizations that disparage capitalism while promoting dramatic expansion of social-welfare, organizations that support socialized medicine, and any other organization or foundation that promotes a left progressive political agenda. Read more on NYTimes.com.
Dick DeVos is bound to get a lot of attention as his charitable contributions have added up to nearly $139 million. Now Dick DeVos, who lives in West Michigan, is unveiling the millions that he plans to funnel through his foundation.
Dick DeVos had spent $11.6 million in charity contributions in 2015. In contrast, only $5.3 million have been spent in campaign donations over a period of five years.
He is a part of a family dynasty which has been in Republican politics for decades. It started with Amway co-founder Rick DeVos, father of Dick DeVos. The charity donations by Rick DeVos and his four children totaled $104 million in 2015. This earned them a place in the “America’s Top Givers” list by Forbes.
For Dick, education is a priority for their philanthropy. In fact, over $3 million was allotted to educational causes in 2015. This was 26 percent of their entire charitable donations for that year. Another $357,000 was earmarked for groups that supported education reform. Hence he is focused on improving education.
Dick DeVos is of the opinion that the system currently is not able to fulfill the American dream. Kids who are not in the right place are not able to gain access to that dream. They are not able to achieve the education that is vital to reach the American dream. Hence this choice of education should be available to all.
There has to be a better system where great teachers as well as administrators are able to effectively reach every child. Typically his beneficiaries are the Michigan schools, as per the tax records of his foundation.
Other beneficiaries of the foundation in 2013 included Compass College of Cinematic Arts in Grand Rapids, besides the Ferris State University in Big Rapids. Next was the Detroit Charter School Company New Urban Learning along with the Northwood University in Midland. Other beneficiaries were the Potter’s House in Wyoming and the West Michigan Aviation Academy besides the Rehoboth Christian School.
As per Dick DeVos, the bulk of these donations are aimed at directly helping people. All these schools that have been selected to be supported financially provide environments that inculcate academic rigor, support, and supervision by adults, as well as accountability.
There is much more than signing a check here. Dick DeVos is able to turn the annual fundraiser of the school into a mega-event by being able to draw top-notch speakers that include former President George W. Bush, astronauts of Apollo and so on.
These kids do well in school. Besides, this has a huge impact on their lives, attitudes as well as their view of the world. It leads to satisfaction and comfort for their parents too.