DeVos Family Uses Fortune to Help Others

┬áDick DeVos knows what it takes to be successful at business. He served as the CEO of Amway, owned the Orlando Magic, and heads up the investment management firm Windquest Group. According to Forbes Magazine, DeVos’s net worth is estimated at $5.1 billion, making him the 67th richest man in the United States. A good portion of that money is designated to DeVos’s many philanthropic causes.

 

DeVos and his wife, Betsy, formed the Dick and Betsy DeVos Foundation in 1990. The organization’s goal is to provide funding to help improve areas such as education, the arts, leadership, and other community endeavors. Through the foundation, the West Michigan Aviation Academy for high school students was set up in 2010. Numerous other groups and institutions have benefited from the DeVos Foundation over the years, including the Education Freedom Fund, the American Education Reform Council, Thunderbird School of Global Management, Kids Hope USA, Princeton University, and Mars Hill Bible Church. Money from the foundation has also funded the ArtPrize competition in Grand Rapid, Michigan since 2009. In an effort to promote free markets, the DeVos Foundation has given money to organizations like such as the Heritage Foundation, Acton Institute, and Hudson Institute. Dick and Betsy DeVos’s dedication to education led them to co-chair the Education Freedom Fund to provide scholarships to low income families. They have also given money to several Christian schools in Western Michigan, and have set up their own scholarships for students wishing to attend either the Thunderbird School of Global Management or Northwood University.