Category Archives: Philanthropy

George Soros’ Involvement in Politics

George Soros has been a prominent supporter of the democratic movement for a long time now. He has been in the limelight for almost 30 years and has a philanthropic organization called the Open Society Foundations that supports democracy and human rights in many countries.

Born in 1930, he is a refugee who fled Hungary in 1946 and spent his teenage years as a migrant in London. George worked in a railway station and as a waiter to finance his education in the Economics School of London and later moved to New York where he got his start working on Wall Street. He established his hedge fund, the Quantum Fund, with $12 million.

George Soros’ Contribution to the Elections
George Soros gave $500 million from his nonprofit organization’s funds to be invested in companies, businesses and social-impact initiatives established by migrants and refugees. He said this at a time when the UN had its general assembly in New York City where it hosted its first forum for Heads of State to discuss how to handle refugee and migrant crisis.

Read more: George Soros rises again

He has been a detractor of the President-elect Donald Trump and his anti-immigration rhetoric since his nomination as the Republican Presidential nominee. He said that he was doing the work of ISIS. He went ahead and pledged $5 million through a super PAC, his aim being to mobilize Hispanic and Latino voters for Hillary Clinton.

George Soros committed more than $25 million towards Hillary Clinton, who was the Democrat Presidential candidate and other Democratic candidates. Sources close to him disclosed that most of the issues that he cared about like immigration, religious tolerance, and justice reform, were being supported by the Democratic nominee.

The donations made by Soros played a huge role in Hillary Clinton’s campaign in creating a substantial financial advantage over those that supported Trump. However, he missed the Democratic convention for Hillary’s nomination acceptance, despite them having a close relationship of many years. His excuse to miss the conference was that he felt he needed to monitor the economic situation in Europe.

George Soros also donated $1.5 million each to Senate PAC Majority, boosting Democratic Senate candidates and another that supports abortion rights.

Soros made other donations of about $5 million to a nonprofit that fights constant efforts to restrict voting.

Soros’ Reaction to the Election Result
He did not seem so pleased with the election results in November this year and so, together with other wealthy supporters, they are planning on how they will use their resources to prevent President-elect Trump from achieving his agenda during his term. This comes after spending millions trying to get Hillary Clinton win the elections.

Read more about George Soros on NY Times
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Understanding The DeVos Family Philanthropy

The conservative DeVos Family is one of the leading families in terms of philanthropic activities. The family’s donations are extensive. Richard DeVos Sr successfully created a fortune through direct marketing. In 1959, he co-founded Amway. The firm’s sales model has been effective, thus making DeVos one of the richest people in the United States. With the vast wealth, I am not surprised that he is a significant contributor to charity activities. Together with his wife, Helen, they run the Richard and Helen DeVos Foundation based in Michigan. Richard and his wife along with their children have made significant contributions in many areas, especially in education reform. The DeVos Family runs three different charities and in my view, it is not difficult to note that religious charities are the preferred kind of grantee for their foundations. The family donates to the youth groups, Christian schools, faith based charities and a number of parochial schools.

DeVos Sr’s foundation has been a strong supporter of conservative policy organizations that consist of grantees like Freedomworks, the Heritage Foundation and AEI. Additionally, he puts up his money into conservative as well as republican political campaigns. Together with his wife Helena, they jointly made a $50 million payment to kick-start a new children’s hospital within Grand Rapids called the Helena DeVos Children’s Hospital. The couple has three children namely; Dick, Dan, and Doug. Among the three sons, Dick DeVos appears to be the most active philanthropist. Just like his father, he is active in conservative politics. Together with his wife, Betsy DeVos, they run a charity called the Dick and Betsy DeVos Family Foundation, which they established in 1989. Among the areas that the foundation supports include school choice, the arts, neighborhood revitalization and community health. The foundation has awarded grants to Potter’s House and West Michigan Aviation Academy. This information was originally published on Inside Philanthropy.

About Dick DeVos

Dick DeVos is a renowned businessman from Michigan. He served in a number of executive positions in his family business, Amway, from 1970 to 2002. Dick DeVos became the CEO of the business in 1993. He attended the Forest Hills public school system. Dick DeVos attended Northwood University for his bachelor’s degree in business administration. When his family took over the NBA’s Orlando Magic basketball team in 1991, he became the CEO and president of the franchise. Dick DeVos is the currently president of Windquest Group. Apart from his business and philanthropy initiatives, Dick DeVos is a qualified helicopter and jet aircraft pilot and a two time National Champion Sailor. This information was originally reported on Wikipedia and Dick DeVos’s website respectively.