Dick DeVos Gives Away Millions

Posted by SS Admin on January 22, 2016 in Philanthropic Leaders |

So often in the news or other forms of media we learn about how much celebrities are worth and what they spend their money on. Various magazines and shows provide us with insight on what luxury purchases these individuals make throughout the year. These various shows and articles make us believe that all of the money that the rich and wealth spend is on them. Thanks to individuals like Dick DeVos we learn that some wealthy individuals actually believe in giving to charity. 

Dick and his wife Betsy are using their wealth to help others that are in need. The two have created various foundations and given to a number of charities in order to give assistance to those less fortunate. To give you an idea about how generous this couple is, in 2013 they two gave $7 million to a foundation that they created. The name of their foundation is the Dick & Betsy DeVos Family Foundation. With help of this organization, various groups are funded in order to help local and global communities to grow. The foundation was started in 1989 and has since become a force of change for many Michigan communities.

According to reports from the IRS the Dick & Betsy DeVos Family Foundation collected many funds that helped them to reach assets that totaled about $50 million dollars at the end of 2013. These millions in available funds were distributed with the help of approximately 121 donations. The amounts of these donations ranged from $250 dollars to $1 million. 

Dick and his wife are able to make so many generous donations because he comes from a wealthy family. The DeVos family has made billions with the help of starting their Amway business many years ago. In addition to being a part of a wealthy family, Dick has dedicated much of his time to working for the family business. He was promoted to CEO in 1993. He served under this title until the year 2002. Learn more about his career by connecting with Dick on LinkedIn.

The hard work of his father allowed him to have many opportunities. These opportunities include being a part of a multi-billion dollar company and giving to charity. DeVos is able to give so generously to charity because he has a reported net worth of about $5.1 billion dollars. But amounts of money aside, he has attributed his generosity to his father’s example of philanthropy, which he in turn intends to impress upon his own children.

I am incredibly grateful to my parents for initiating and encouraging by example the tradition of philanthropy within our family. We are happy to be a part of this great community!

Posted by Dick DeVos on Monday, January 4, 2016

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