Posts in Category: Philanthropy

Dick and Betsy DeVos Provides Information on Their Philanthropy Work

Soon after her nomination to the post of the Secretary of Education by then President-Elect Donald Trump, her personal and financial status came under scrutiny. It was mandatory for the appointing committee to request for the financial details of Betsy before her confirmation.

The couple decided to get ahead of the probe and released the information to the public. The move came under great criticism by the public officials who were opposed to the Betsy nomination. They said that it was a tactic for the couple to divert the public attention from their political contributions. Whether it was a ruse or not, the couple releasing the information was a show of their transparency.

According to the report, Dick and Betsy DeVos have contributed $139 million towards different organizations. This is not a surprise considering they both come from wealthy families known for their giving. The DeVos family has contributed over $1.33 billion towards different causes.

In 2015, Dick and his wife contributed $11 million and 26% of the amount was given towards the education system. The couple indicated that they are passionate about education and that is why most of their contributions are given to the education department.

The report also indicated other beneficiaries who benefited from the financial support. These organizations include the Compass College of Cinematic Arts, Detroit Charter School, Ferris State University, Northwood University, West Michigan Aviation Academy, and the Potter’s House in Wyoming among others.

Through their Foundation, the couple has managed to support various organizations including the ArtPrize. It is an international art competition held in Grand Rapids.

The Dick and Betsy DeVos Scholarship, established in 2008 have provided financial support to students pursuing their MBA, MA, and MS at the Thunderbird school of Global Management.

Professional Experience

Richard ‘Dick’ DeVos Jr. is the first born son of Richard DeVos Sr. the co-founder of the Amway Corporation. Dick joined the family-owned business in 1974 and was in charge of various operations in the Company including sales, marketing, research, and development. After ten years, he was promoted to Vice President of the Company and was put in charge of 18 countries.

In 1991, his father acquired the Orlando Magic. Dick served as the President and the Chief Executive Officer of the Company until 1993 when he resigned to become the president of the Amway.

Dick DeVos has also served as the president of the Windquest group which is an investment firm.

He has also been involved in politics. In 1990, Dick was elected to the Michigan State Board of Education but resigned two years into his term due to the Amway promotion. In 2096, Dick entered the gubernatorial race in Michigan.

Mike Baur Comes Up With a Supportive Venture for Startups

Mike Baur is renowned for coming up with a company that is responsible for nurturing dreams and helping startups gain traction. The Swiss Startup Factory, which he launched in 2014, has been classified as one of the best venture capitals within Switzerland that has committed its resources to ensuring potentially huge businesses are nurtured.

This is a dream Mike Baur had from the onset and since 2014, they have managed to assist a number of individuals, who now own businesses that are solving problems. To make the Swiss Startup Factory a reliable haven for startups, Mike Baur has invited leading professionals in the country and educational institutions.

Co-working space

Startups need a conducive environment that can facilitate their growth and expansion and this is what the Swiss Startup Factory is offering. They have created a co-working space that allows different individuals to brainstorm and come up with solutions.

The space is equipped with all the necessary technology that can accelerate the incubation to offer strong and well-prepared startups that can compete relentlessly. Mike Baur is hopeful about taking in more students into the three months incubation program since they are not limited on who can join as long as the ideas reviewed are valid and promising.

Accounting services

Business is more about numbers and in the absence of proper accounting one would not make the right decisions or understand what ought to be done at certain times. The Swiss Startup Factory accounting service helps the startups to explore the reality about the business. It is a reliable way to understand the health of a business and come up with actionable ideas.

Free legal advice

Also important in the management of a business is the presence of legal support. A business cannot operate oblivious of the laws that define how things should be run. Going against one or more of the business laws could spell doom for a business since most of the punitive measures mentioned in some sections are enough to force a business out of the market.

Mike Baur

Born in Switzerland, Mike Baur relentlessly pursued his dream of becoming a banker and that led him to attend the Bern University where he graduated with an Executive MBA. He served in the banking sector of Switzerland for more than 10 years and in 2014, he made a bold decision and left his job to venture into business. This saw him launch the Swiss Startup Factory where he spends most of his time and money.

Learn more: http://www.founderstories.ch/founderstories/mike-baur-swiss-startup-factory-ssuf/