Category Archives: Philanthropy

Tony Petrello: Sharing His Wealth To Improve People’s Quality Of Life

Nabors Industries CEO Tony Petrello has long earned a reputation as a genius-level mathematician, a talented attorney and an excellent CEO. What many people don’t know is Tony Petrello is also a caring, generous philanthropist. He has given vast amounts to a wide range of charitable causes and organizations. Tony Petrello is from a working class neighborhood in Newark, New Jersey and understands how it feels to need support. So, now that he is financially secure, he makes it a point to give as much as he can to whomever he can to improve the quality of their lives.

One of the largest charitable donations Tony Petrello has ever given was to the Texas Children’s Hospital. When Carena his daughter was diagnosed with periventricular leukomalacia at birth, he gave $7 million to the hospital to help them build a facility for the research and treatment of children with neurological issues. Anthony Petrello also made a commitment to assist Texas Children’s Hospital in their quest to raise the several hundred million dollars more it took to build, equip and staff the world-class facility the hospital built which is called Jan and Dan Duncan Neurological Research Institute.

Read more: Tony Petrello and his Dedication to Philanthropic Causes

The death of Yale mathematics professor Serge Lang was another instance Tony Petrello showed his caring, generous side. Petrello had studied under Professor Lang while at Yale pursuing both his bachelor’s degree and his master’s. Plus, Serge Lang had been something of a mentor for Tony Petrello. He saw Petrello as a talented young mathematician who complemented his natural talent with a willingness to put in the hard work necessary to be great. Tony Petrello put up $150,000 to establish a scholarship in Professor Lang’s name. He also committed another $150,000 to serve as a matching fund for the donations of other alumni.

Tony Petrello also gave generously to help people rebuild their lives when Hurricane Harvey hit the Houston, Texas area in 2017. First, Petrello and Nabors Industries gave some of their workers paid vacation time so they could take part in the efforts to help hurricane survivors and begin to rebuild Houston. The company also provided 3 hot meals a day for tens of thousands of relief workers and people who lost their homes because of the hurricane. Tony Petrello also donated $175,000 and matched the $173,622 the employees gave through the Nabors Disaster Relief Fund to help with Hurricane Harvey clean-up efforts.

Find more about Anthony Petrello: http://quotes.wsj.com/NBR/company-people/executive-profile/13363673

George Soros and his Philanthropic Extravaganza that Shook the Country

George Soros creates news often with his fights for suppressed and philanthropic efforts to change their lives. Recently, the hedge fund billionaire surprised everyone with his philanthropic extravaganza. Soros donated nearly $18 billion to his philanthropic wing – Open Society Foundations. People who know Soros for long did not think it is a surprising news as they expected something like this from him. But, others just wondered as this was considered as one of the biggest contributions from a private donor to a single philanthropic foundation. Surprisingly, this transfer reduced his fortune drastically from over $25 billion. Currently, he has nearly $8 billion as his fortune – it means that he transferred more than 70% of his wealth to philanthropic efforts.

Interestingly, Soros was making contributions for the last many years regularly, and only recently, it is revealed that the contributions to the Open Society Foundations gone beyond $18 billion. These contributions made the Open Society Foundation the second-biggest charity group in the country, standing behind Bill Gates and Melinda Foundation. The Open Society Foundations was established by George Soros almost three decades back, and it helped democratization process in countries, supported the unprivileged communities, raised voice for free speech, provided food and drinking water in scarce areas, aided with healthcare around the globe, and more.

Interestingly, the contribution bonanza made the conservatives upset as it became a widely discussed news in the United States. The conspiration theorists from conservative side always targeted Soros for his philanthropy giving. One of the primary reasons for the conservative opposition is his support for liberal causes and policies. Soros is also one of the biggest contributors to the Democratic Party and openly challenged George W. Bush and Donald Trump in their presidential elections. A right-wing website named Breitbart describes the $18 billion contributions to OSF news as “Death Star.” It was because OSF became the second largest foundation in the country.

Depicting him as a philanthropic bogeyman is a type of propaganda by the conservatives. For hiding the deep divisions in the partisan, conservatives usually focus on a few individuals of the opposite political party as part of their strategy. When conservatives target Soros, liberals will go for Koch brothers or Robert Mercer. Interestingly, the progressive conspiracies against conservative billionaires can get more attention due to more inclined to reality – the conservative billionaires are generally perceived as dark money holders by the general public, whereas liberals such as Soros earned his fortune from risky currency trades.

Soros started his life in Hungary in the 1930s and came to London after the Second World War – he and his family survived the German invasion as Hungarian Jews. He earned his graduation from the renowned London School of Economics. After briefly working at British Stock markets, Soros moved to the United States. From 1956, he started trading on the Wall Street and gained some financial success. In 1970, he founded a hedge fund firm in his name – Soros Fund Management. It created significant success in the market and made him a billionaire. Since the 1980s, Soros started supporting liberal and philanthropic causes. and follow him Twitter.com

Under George Soros’ guidance, progressives are winning local races across nation

The reformation of the U.S. criminal justice system has been one of the left’s primary goals throughout the entire history of the United States. The vast disparities in incarceration rates of minorities and rates at which they are charged with crimes has been an issue of contention throughout the entire period since the Reconstruction era. One man, George Soros, has decided to step up to the plate and do something about this long-standing progressive goal that has never seen real progress. Know more about George Soros on CNBC.

Through his main philanthropic vehicle, The Open Society Foundations, George Soros is heavily investing in prosecutorial races across the southern United States. The strategy is to replace conservatives with progressive-minded prosecutors, who can then reshape the criminal justice system from the ground up. Soros has long known that in the U.S. court system, the person who has the most power is the prosecutor. This stems from a number of characteristics unique to the U.S. criminal justice system. The most important of these is the fact that the prosecutor wields the power of the plea bargain, whereby they can compel defendants to plead to lesser charges than those which they’re charged with, in order to expedite the process of dispensing with criminal cases.

Soros’ idea is that by replacing old time and hardline conservative prosecutors with more progressive minded folks, the incredibly powerful tool of the plea bargain can be used to radically diminish the number of minorities who are sent to prison each year. So far, the strategy is proving to be a phenomenal success.

Follow: https://twitter.com/georgesoros

In the state of Florida, Soros contributed more than $1 million to the campaign of Aramis Ayala. Miss Ayala was running against then incumbent Jeff Ashton for the Orange County, Florida district attorney’s office. However, Miss Ayala was a newcomer to the political scene. With virtually no cash to fund her campaign, she stood little chance against the well-funded and popular incumbent Ashton.

But Soros’ donation completely turned the tables. Ayala was able to run almost 24/7 television advertisements and was able to convince the city’s many minorities to come out and vote for the progressive candidate. In a landslide, Ayala unseated her opponent, becoming the first African American female prosecutor in the history of the state of Florida. Learn more about this article at washingtontimes.com.

Soros enjoyed similar success with his backing of another liberal candidate, Scott Colom. This time, the battle took place in the state of Mississippi. Deep in the center of the state, in Columbus, Scott Colom was running against another entrenched conservative opponent. Like Miss Ayala, he was able to unseat him through the largest of George Soros multibillion-dollar philanthropic organization, The Open Society Foundations.

How Dick DeVos Seeks To Reform Education

It was over three decades ago that Dick DeVos, along with his wife Betsy, established the Dick and Betsy DeVos Family Foundation. They use this foundation to contribute funds to a number of worthy causes both in their home state of Michigan as well as to national nonprofit organizations. In January 2017, Dick revealed that over the years they have donated close to $140 million to various causes with an emphasis on nonprofits in the educational reform movement and arts & culture.

Dick DeVos has said that the public school system needs to be overhauled as it is failing to give too many children a quality education. He has said that it’s an injustice that children who live in low-income areas are particularly affected by poor schools. He said that these students will never achieve the American Dream because they’re not getting the education they need to be competitive and successful. He wants to change this state of affairs by allowing the families of students to have a choice of where their children attend school, particularly the option of attending a charter school.

In order to help parents pay for charter schools, Dick DeVos is an advocate of education and tax reform. He thinks there should be vouchers and tax credits in order to help parents pay the out of pocket expenses it costs in order to send their children to one of these types of schools. While he says there are a lot of hard-working and effective teachers and administrators in the public school system, they way schools are funded under the current system means many are too underfunded and short-staffed to do their mission.

One of the arts & cultures nonprofits that Dick DeVos donates money to is the DeVos Institute of Arts Management which is on the campus of the University of Maryland. This organization is providing the next generation of business leaders in the arts community with the tools and knowledge necessary to properly operate an arts institution.

Dick DeVos the early part of his career working at Amway, a company he joined in 1974. In 1984 he was one of the company’s Vice Presidents and put in charge of their efforts to expand their international markets which at the time only accounted for 5% of the company’s revenues. Just six years after his arrival in this position international sales exceeded domestic sales.

The Windquest Group is another company that Dick DeVos has led for many years. He co-founded this investment management firm along with his wife. He invests in manufacturing and technology companies. He has also run for political office including in 2005 when he ran for the Governor of Michigan.

A review of Dick DeVos and his family’s Acts of Charity

Dick and Betsy DeVos are some of the leading philanthropists from West Michigan. They are known for giving millions of dollars in support of various causes such as education. Throughout their lifetime, they have donated funds amounting to $139 million. This report about their charitable activities came out during the vetting of Betsy DeVos for the post of the U.S. Education Secretary.

 

The DeVos’ charitable contributions

 

Dick and Betsy originate from a wealthy family in West Michigan and are known to have strong ties with the Republican political party. According to the Forbes Magazine, the entire DeVos lineage has given out $1.33 billion in donations. This act has earned them position 24 on the list of ‘America’s Top Givers.’ This family’s philanthropic contributions began with Dick’s father, who is the founder of Amway Corporation. Betsy also comes from a wealthy and charitable family and her father is the late Edgar Prince, an industrialist, and businessman. In 2015, their family donated $104 million through their Family Foundation.

 

This couple is passionate about supporting and strengthening the education system. In 2015, 26 percent of DeVos’ donations were dedicated towards educational causes while 3 percent was given to fund foundations that support reforms in this sector. When interviewed by The Grand Rapids Press and MLive, this couple revealed that they are determined to improve the educational sector so that all kids in the United States can achieve the American dream. Other beneficiaries of the 2015 grand donation were Northwood University, Ferris State University, Compass College of Cinematic Arts, and West Michigan Aviation Academy. Aside from education, this couple also supports arts & culture and health related matters.

 

Dick DeVos’ background and work history

 

Dick DeVos is an entrepreneur, founder, and the current president of the Windquest Group. DeVos began his career at Amway Corporation, a company that pioneers in the sale and distribution of household, health, and personal care products. DeVos joined Amway in 1974 and worked in various departments of the company. Ten years later, he was made the VP of the company and was tasked to oversee the company’s operations in 18 countries.

 

In 1989, he launched the Windquest Group, and two years later, DeVos became the manager of the National Basket Association’s Orlando Magic Basketball. When his father Richard DeVos retired, he took over the executive president of Amway. DeVos grew the company, expanding its business operations to six continents. He also restructured the company putting it under Alticor Corporation. DeVos retired in 2002 and took over leadership at the Windquest Group. In 2006, he ventured into politics ran for the governor’s post via a Republican ticket but lost to Jennifer Granholm, a Democrat. He is married and has four children.

The Success of Dick DeVos

Dick DeVos is a businessman and entrepreneur who grew up and is still currently residing in Michigan. His love for his community is constantly demonstrated through not only his volunteering, but also through the millions of dollars in donations that Mr. DeVos and his wife have given back to their community. Among the many organizations that Mr. and Mrs. DeVos support, education reform is among one of the greatest. Dick DeVos and his wife believe that the only way to truly improve wealth within a community is to have the members of the community education. This is why Dick DeVos and his wife have made constant donations towards scholarships as well as the building of new schools.

Dick DeVos’ love for business started at an early age when he became involved with his family’s business, Amway Corporation. Dick DeVos has fond memories of playing with his brother in the basement of his home, which at the time, served as the company’s offices. Dick DeVos‘ passion for business blossomed over the years as he not only helped with stocking the shelves of the new offices, but also helped to give product descriptions and demonstrations to the clients of the company. His fond memories of spending time with his family have always been associated with fond memories of business.

Dick DeVos used his passion for business to eventually graduate from college earning a degree in business management. Mr. DeVos’ talent for business eventually was fully demonstrated when he joined the Amway Corporation team in 1974 as an official employee of the company. Mr. DeVos, during his many years at Amway Corporation was involved in many aspects of the company and held many executive positions within the company. For ten years, Mr. DeVos’ most memorable time at the company was as a vice president to the company. As a vice president, Mr. DeVos was officially in charge of the company’s international sales that took place in over 18 countries around the world.

As Dick DeVos continues to find success, he has started to dedicate more time to philanthropy as well as spending time with his family. To succeed him and his involvement with his company, Dick DeVos has chosen Phil Dolci, and expert marketer. Dick DeVos not only chose Mr. Dolci for his marketing skills, but for also his leadership skills and the way that he influences those the work for him at the company.