James Dondero Juggles Work and Philanthropy

For about 30 years, James Dondero has established a strong platform that offers financial services. The dedicated employer of Highland Capital Management barely boasts of his vast experience and admirable expertise in offering feasible, financial services. As an individual who co-founded Highland Capital Management, Dondero understands the leadership scope and service delivery scheme of the firm. Since he joined the firm in the 1990’s, he has garnered exemplary skills that have worked for the betterment of the firm.

Dondero’s role in finance

Dondero is a specialist in equity markets and credit facilities. Being the president of the firm as well, he has a huge responsibility when it comes to retaining clients in the firm. Dondero focuses largely on distressed investing. He is always on the lead of guiding clients on how to achieve financial freedom. As a pioneer in Collateralized Loan Obligation and solutions for institutional retails, Dondero is highly upheld and revered for his input in the industry of finance. Visit Nexbank to know more about James.

Dondero’s specialty

As a master in his field, James Dondero is trusted to offer relevant financial advice. Often has he been praised for assisting clients in managing retail investors, advancing credit-based solutions, handling hedge funds and managing separate, institutional, financial records. Dondero’s experience is linked to multiple companies. Before joining Highland Capital Management, he was an employee at GIC, an affiliate of Protective Life. He actively served the company as a chief executive officer.

Read: http://www.barrons.com/articles/making-bold-bets-on-alternative-investmentsand-winning-1490423757

Dondero’s Philanthropy

When he is not working at Highland Capital Management, Dondero utilizes his time in philanthropic projects. That is an additional area in which he has managed to diligently serve the people of Dallas. Dondero actively supports progressive, educative, initiatives that sum up to the economic development of the community.

The conclusion

The career of Mr. Dondero dates back to 1984. He was a financial analyst at Morgan Guaranty Company. In 2006, he served as the chairman of Highland Capital’s affiliate, Highland Financial Partners. Presently, he is the chairman of NexBank Capital and Cornerstone Healthcare Group. It is evident that Dondero has a clear track record of excellent performance in the sector of finance. This, perhaps, is his strong point as a leader. Visit nexpointliving.com to know more about James Dondero.

George Soros’ 18 Billion Dollars, a Game Changer in Philanthropy

If making huge transfers of wealth to philanthropic courses is considered a dedication to humanity, then transferring three-quarters of your wealth to humanitarian courses is a significant sacrifice on behalf of humanity. The Open Society recently confirmed having received eighteen billion dollars from of the billionaire philanthropist George Soros’ estimated twenty-five billion net worth empire. George is not new in these sorts philanthropic efforts, but the latest revelation somehow seems to defy the ordinary dictates of capitalism.

George’s charitable nature stems from the horror he experienced in his childhood as a Jew in Nazi-occupied Hungary. Born in 1930, George Soros witnessed one of the worst humanitarian crisis in modern history, a crisis in which more than 500,000 members of the Jewish community were massacred. His family not only had to use false identities but also helped many others secure false documentation to survive. He then traveled to London where he worked as rail porter and part-time nightclub attendant to fund his academic development at London School of Economics. Upon completion of studies, he moved to the United States where he established a hedge fund, and the rest is history.

Since 1979 when he first began his philanthropic work by supporting academic progress groups of black students in the then apartheid-controlled South Africa, George Soros has since donated 32 billion dollars to various courses around the world. His philosophy of open engagement and critical thinking in society has seen him support democratic governance around the world. He founded the Central European University to foster critical thought.

In the early ‘90’s, he founded the Open Society Foundations, a network of civil societies spread in more than a hundred countries around the world, supporting various charitable activities. As the single largest donor he had pumped up to 14 billion dollars to various courses such as promoting the rights of LGBT communities, persecuted minorities around the world, and displaced persons looking to start their lives over. The recent donation of $18 billion without question makes the Open Society Foundation the second largest foundation in the world with only the Bill and Melinda Gates Foundation beating it to the cake.

Read: http://money.cnn.com/2017/10/17/news/george-soros-18-billion-open-society-foundations/index.html

In the wake of West Africa’s 2014 Ebola outbreak, the foundation supported the setting up of medical treatment centers to manage the crisis that was quickly spiraling out of control. In the aftermath of the 2016 US election, George increased spending on protecting minorities in the country from what he described as the awakening of dark forces who were out to persecute minority groups. Learn more about George at forbes.com.

The policy of not fearing to support popular courses that sometimes go against governments has attracted bits of criticism from powers that be. In his home country Hungary, for example, he has attracted criticism for opposing the anti-refugees stance of the Hungarian nationalist government. And in the United States, the Republicans are always irked by his donations to the Democratic Party. Be it as it may, George Soros has shown the world on what it really means to make sacrifices in the struggle to improve the status of humanity. Read more on Fox News about George Soros.

DeVos Family Uses Fortune to Help Others

 Dick 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.

Dick Devos – The Renowned Entrepreneur and Philanthropist

Dick DeVos was born in Grand Rapids, Michigan on October 21st, 1955. He has been involved in the family business ever since he was a child. Dick received a bachelor’s degree in Business Administration from Northwoord University. He later joined the Harvard Business School but did not graduate. Dick DeVos has honorary doctorates received from Northwood University, Central Michigan University, and Grove City College.

Dick Devos started working in his father’s company Amway Corporation in 1974. In 1984, he became one of the vice presidents of Amway. In 1991, the DeVos family acquired Orlando Magic, and Dick DeVos became the President and CEO of the team the same year. Two years later in January 1993, Dick DeVos left Orlando Magic and rejoined Amway as the President and CEO. Under his leadership, Amway expanded its operations to more than 50 countries and has territories in six continents.

In 2000, Dick oversaw a corporate restructuring of Amway that created Alitcor. Alictor became the parent company of predecessor Amway. Today, Amway, which is a privately owned business has made Dick DeVos the second richest resident of Michigan. In 2014, the company reported sales of $10.8 billion. The Forbes magazine reported that as of 2015, Dick had an estimated worth of $5.7 billion. Dick DeVos retired as the CEO and president of Alcitor in August 2002.

Dick DeVos has had a stint in active politics. In June 2005, DeVos announced his candidacy for the Governor of Michigan. However, he was defeated by the Democrat incumbent Jennifer Granholm, who is still the current governor of Michigan. His wife is the immediate former chairperson of the Michigan Republican Party.
The DeVose family has a total of five foundations. These foundations work together and have targeted their giving primarily to West Michigan where Dick DeVoe’s father founded the consumer giant Amway. In 2014, the family was ranked 20th in the Top 50 Givers list in the United States. The family donated a total of $94 million in the same year. Out of the $94 million that was donated in 2014, $54 million of it was donated to in West Michigan.

For many years, Dick DeVose has supported Christian non-profit organizations that provide various services to Michigan City’s poorest resident. For instance, Dick has supported the South Division Avenue Ministry that assists people in getting IDs, finding jobs and accessing other social services. The organization has a 40-bed women’s shelter and served 50,000 meals last year.

Visit facebook.com to know more about Dick DeVos.