The Life of Dick DeVos

The philanthropic industry has a huge number of people who give enormously in a grand manner. Dick DeVos is among such people. His faith, noticeably, compels him to give and help others that are less fortunate in the world. He is a Christian who holds solid Christian values, which guides him through all of his charitable endeavors. Dick DeVos, together with his wife, have been giving to various organizations that support causes benefiting the humanity.

Aside from his kind works, DeVos is a renowned and innovative entrepreneur and businessperson. Born in 1955, Dick is the son to the co-founder of Amway, Richard DeVos. His professional career has been surrounded by various corporate recognitions and positions at Amway, the NBA’s Orlando Magic and currently where he serves as the President, The Windquest Group. At Amway, he was the President from 1993 to 2002. He was primarily charged with the responsibility of overseeing all the sectors of the firm’s operations. During one of his years in service to Amway, he made sales worth $4.5 billion.

Dick DeVos has also been the Vice President of Amway, where he led the operations of the company in eighteen countries located outside North America. He was strategic in his decision-making, which resulted in the firm extending the area it services. The result was a ridiculous rise in the company’s overall sales. On his family’s acquisition of the Orlando Magic in 1991, Dick DeVos was appointed as the President and Chief Executive Officer. He led the company for the next three years where he executed his business roles professionally and with expertise.

Dick DeVos pioneers several community initiatives. For instance, he started the Education Freedom Fund, which helps the communities in Michigan achieve their educational goals. This is made possible by the numerous scholarships that Dick awards through his organization. Intrinsically, Dick DeVos gave out more than 4,000 scholarships to the West Michigan Aviation Academy, which were aimed to help the less fortunate children in Michigan. Dick, with his love for education, serves on the State Board of Education.

Mr. Dick DeVos spearheads various programs, which aim at providing quality health care and bringing revitalization, in his home area, Grand Rapids. For health programs, Dick DeVos chaired programs such as a $130 million heart hospital and $90 million medical schools. For revitalization programs, Dick has chaired and co-chaired projects such as a $75 million downtown arena, $30 million downtown market and $212 million convention center. Dick graduated with a Bachelor in Business Administration from Northwood University. He furthered his studies at Harvard Business School. At the Wharton School, Dick attended Executive Study Programs.

George Soros Returns to the Political Scene with Major Contribution to Democrats

George Soros has amassed a fortune over the course of his lifetime. He has also become one of the most talked about figures in recent political news. This is understandable, as Soros recently re-emerged during the build up to the most recent election season. He is no stranger to contributing to political candidates and causes on investopedia.com, but he had been keeping somewhat of a lower profile in recent years. This year, however, Mr. Soros has committed more than $25 million and other Democrat candidates and/or causes.

Back when George W. Bush was running for reelection in 2004, Soros gave about $27 million to try to prevent Bush from becoming president again. After that, he did not make headlines for his smaller contributions to party candidates. There are some who work closely with Soros Fund Management who believe that Soros will wind up giving even more to Clinton and other candidates as we get closer and closer to Election Day.

Read more: A Bearish George Soros Is Trading Again

Soros was born in Hungary and is worth about $25 billion, according to the organizations that keep track of those sorts of statistics. His return to the political scene as a major financial backer of Democratic candidates. His recent return is something that people who support the party are likely to see as a positive thing. George Soros has been someone who consistently donates money to causes near and dear to the Democratic causes. This election is already proving to be interesting, so Clinton supporters have to be happy that Soros is making such a sizable donation.

Mr. Soros apparently feels that Clinton’s opponent, the infamous Donald Trump, is worth fighting against and he is more than willing to put up plenty of his own funds in order to prevent Trump from winning the election. The drama surrounding the upcoming presidential elections have not even reached a fevered pitch yet. Democrats are surely hoping that Clinton and other candidates are able to use the generous donations from Soros to come out on top when the dust settles in November.

Read more about George’s life story at biography.com

DEVCO, a Non-Profit Company’s Effect on New Brunswick, New Jersey

New Brunswick Development Corporation (DEVCO) is a real estate development company that was founded in 1976 by Richard B. Sellars, chief executive of Johnson & Johnson Corporation. It is a private, non-profit organization, which concentrates on construction of residential and commercial facilities. The corporation’s headquarters are located in New Brunswick, New Jersey.
A few years ago New Brunswick consisted of run-down buildings and other facilities. A review of this company finds that it has built government buildings, hotels, restaurants, healthcare facilities, schools, theaters and many other structures in the city. This has upgraded it to a desirable location.

Money for these projects was obtained from things such as the Economic Development Authority (EDA) Urban Transit Hub Tax Credits, the state’s Higher Education Facilities Trust, bonds and other public entities, says Atty. Chris Paladino. This has led to a problem with final repayment of the money.

A February 29, 2016 article by Reuben Kramer of the Press of Atlantic City lists a problem with payment of principal and interest on a $20 million loan given to the Middlesex County Improvement Authority. According to the article, the 2005 loan was used to have the New Brunswick Development Corporation build the New Brunswick hotel and conference center. He states the payments have been in arrears for the past five years.

The loan used to build this hotel included Middlesex County Improvement Authority municipal bonds. The money was to be repaid by hotel revenues, which has not been realized.

While many of this organization’s projects have been successful, using public funds to finance an independent company’s building costs is always a risk. This hotel, now owned by the Improvement Authority, has not fulfilled their revenue expectations and they continue to be losing public money on the deal.

*http://www.pressofatlanticcity.com/news/breaking/unpaid-million-crda-loan-raises-questions-about-new-brunswick-devco/article_a03318e2-dcdb-11e5-a563-67611bc7b7bc.html