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Posted by Geeker on

Betsy DeVos Is The Definition Of A True Philanthropist

Betsy DeVos is one of the most respected women in the American business and philanthropy space. Betsy was born in 1958 to billionaire industrialist Edgar and his wife, Elsa. She went through the prestigious Holland Christian High School. She is an alumnus of Calvin College where she got her undergraduate degree in business administration and political science. Betsy is married to Dick DeVos, and together, they run charities that seek to enable the marginalized and disadvantaged get an equal opportunity at life.

President Donald Trump recognized the influence of Betsy and nominated her as the Secretary of Education. This nomination is large because Betsy has been at the forefront of championing access to wholesome education. Betsy began her career in politics about three decades ago. In 1982 she had the opportunity of serving as a local delegate to the Republican Party. She represented her home state, Michigan. This position propelled her into the Michigan National Committee from 1992 to 1997. She also served thrice as Chairwoman of the Michigan Republican Party.

With her new role as the Education Secretary, details of her involvement in philanthropy have come to the fore. Betsy together with her husband Dick DeVos are extensively involved in philanthropies across the United States. Over their lifetime, they have cumulatively been able to give out millions of dollars to institutions that seek to provide a conducive, academic environment to the children from disadvantaged backgrounds. Read more about their foundation at dbdvfoundation.org.

The family played a critical role in the establishment of the West Michigan Aviation College, one of the best aviation colleges in its right in Michigan. The institution is housed at the Gerald R. Ford International Airport.

Speaking to Philanthropy Roundtable, Betsy DeVos notes that it is the sight of parents struggling to put their kids through school that triggered her involvement in philanthropies that seek to provide holistic education to students from disadvantaged families.

Betsy DeVos juggles her time between charitable works such as the Potter’s House and Aviation College, and running programs and forums that advocate for the education of choice. Part of her time is also spent in lobbying for resources that run the charities. She is motivated by being the source of holistic solutions in the education sector.

Betsy is always keen on how she engages with advocates of public policies in the education sector. A lot goes into the allocation of personnel, resources and time in the industry.

Education is the power couples’ most important area in their philanthropy works. In the year 2015, the family spent over $3 million from their pockets to fund educational programs. This a 26 percent of what they spent in charities for that year. Speaking to MLive, Dick, Betsy’s husband said that she doesn’t believe that the current education system addresses inequalities between students from marginalized regions. Read her interview with Philanthropy Table.

Posted by Geeker on

The Remarkable Life of George Soros

George Soros universally known as the man who broke the Bank of England is a Hungarian-Amercian business magnate and philanthropist. With a net worth of twenty-five billion U.S dollars, he is considered to be one of the most triumphant investors in the world. George career highlight was in the year 1992 when he risked nearly ten billion U.S dollars on a currency speculation making a profit of one billion in the same day. George is the Chief Executive Officer of Quantum Fund, the chairman of Soros Fund Management and the Open Society Foundations.

Learn more: http://www.biography.com/people/george-soros-20926527

According to Forbes, George is considered to be the fourteen richest people in the world with a real-time net worth of 25.2 billion U.S dollars. In a recent article by Forbes, George Soros sounded an alarm in regards to the United Kingdom decision to leave the European Union. He warned the voters that should they vote to end ties with the union, trillions in equity market value would be shed globally. True to his word, the British pound fell leading to the plunging of Europe banking shares. Soro’s wealth can be traced to Soros Fund Management where George Soros had shares worth seven million, he also held a nineteen million stake in Barrick Gold that has a real time network of four hundred million U.s dollars. George has a one million share put option against Russel 2000 index ETF, a two million share put option against the s&p 500 index ETF and one hundred and twenty-five million U.S dollars in his one million share position at SPDR Gold Trust.

Billionaire investor Soros has been active in the political scene. According to Politico, George spends millions of dollars supporting Democratic candidates and liberal causes. He strives to boost democracy while rooting out corruption. Soro’s efforts can be seen in Macedonia, a socialist republic full of corruption cases. Soros organization have pushed reforms allowing the Prime Minister to gain complete control over judiciary power. George Soros vision of an open society has seen him support Hillary Clinton committing over twenty-five million U.S dollars in her campaign. Read this story about George at Politico.com.

Well into his eighties, George Soros can be considered as a philanthropist. He has made significant contributions worth more than eight billion to a worldwide network of foundations. He has been a key in the transformation of former Soviet bloc countries into democracies. His visionary efforts have seen him fight resistant strains of TB in Russia’s jails and Lesotho’s mountains. He has also supported democratic resistance in Burma, building of communities in Haiti’s slum and helping of Sarajevo’s people during their Bosnian War that went for three years. Through his company, new methods of fighting poverty and drug addiction in Baltimore, New Orland and other U.S states have been applied reforming dysfunctional justice systems.

Follow George Soros on Twitter.

Posted by Geeker on

End Citizens United Set to Become a Powerful Force in New Election Plan

End Citizen United (ECU) is a renowned Political Action Committee supported by millions of grass root donors, who want to see change in the US political funding laws. According to Endcitizenunited.org, the organization was established in March 2015 to protest the Supreme Court decision of 2010 that changed the American election landscape. In the landmark Citizen United vs. FEC ruling, the highest court in the land affirmed that corporations are people. The decision opened the doors for special interest groups and billionaires to spend huge, untraceable amounts of money in elections. End Citizen United aims to counter the effects of Citizen United by reforming the country’s finance system through legislative and people driven push.

 

Today, ECU prides itself as a Democratic leaning organization with 3 million members and over 270,000 donors. Looking now and into the future, End Citizen United has resolved to support Democratic Party candidates running for office in competitive Senate and House seats beginning in the past 2016 elections. According to an excerpt published on MSNBC on August 2015, ECU raised over $2 million during its launch in 2015 and was on track to raise close to $30 million to fund its election cycle budget. The other efforts being undertaken by the group is rallying citizens to sign up a petition demanding the US Congress to support the legislation. At the time of the report’s publication, over 320,000 people had signed the petition.

 

During the 2016 election cycle, the group endorsed 11 Democratic Party candidates with prominent names such as Senator Michael Bennet of Colorado and Senator Russ Feingold making the cut. The End Citizen United Communications Director, Richard Carbo told MSNC that unlike other campaign reform groups, ECU had gone further to support the election of candidates who support finance reform. The push is informed by the constitutional amendment rule requiring the approval of 2/3 of the members of the Senate and the House along with a nod from ¾ of state legislative assemblies. It is instructive to note that the last constitutional amendment was passed back in 1992 due to partisanship in Washington.

 

The DC based PAC believes candidates who support the fight against Citizen United will be more willing to fight dark money groups on the Republican side led by the likes of Koch brothers and his conservative think tank. The group announced the formation of an independent arm to identify the candidates to support through mass media advertising, polling and direct mailers. Mr. Carbo reiterated that his group is committed to support the Democrats because Republican Leaders in Congress continue to be the biggest stumbling block to overturning the Supreme Court decision on finance reform. End Citizen United is run by a lean team of 5 members.