Michigan Based Benefactor DeVos Gives Big to the Kennedy Center for Perfoming Arts

The John F Kennedy Center for Performing Arts has recently exceeded its expectations in terms of reaching its fundraising goals. Instead of ending its fundraising campaign it has decided to increase its expectation to 50 million dollars. Recently it has been able to make over $135 million for its project which is the construction of a pavilion and a bridge along with educational, rehearsal spaces, offices and dining areas. Since 2013 the organization has ran its campaign with the intention to raise 125 million dollars where $100 million would be used for expansion $25 million for organizing programs.

Like a number of other charitable organizations, the Kennedy Center for Performing Arts has had a number of donors. These donors are among the wealthiest and most prominent individuals around. The donors for this organization and its projects include David Rubenstein, Boeing Company, Jacqueline Mars, Stephen and Christine Shwarzman, the David Bohnett Foundation and also the Dick and Betsy DeVos Family Foundation. All of these donors believe in the causes and accommodations offered by the organization and therefore are very motivated to provide funding to keep it going. 

As stated earlier one of the top donors of this organization is Dick and Betsy DeVos. Dick DeVos is a current entrepreneur and businessman from Michigan. He is the son of Richard DeVos who was the co founder of Amway. From 1993-2002, DeVos served as the chief executive officer of the company before leaving to pursue his own business. DeVos would run for governor of Michigan in 2006 but lost that election. According to Forbes magazine he is the 67th richest person in the United States and is worth approximately 5.1 billion dollars. 

Over the years, DeVos has participated in a number of other business ventures which included ownership of the professional basketball team the NBA’s Orlando Magic and also the investment company known as The Windquest Group. As well as being involved in a number of business ventures, he and his wife Betsy are also well known philanthropists. They have donated lots of money to a number of charitable causes. These causes include civic leadership, scholarships and also the arts. With these charitable activities, Dick DeVos is able to help improve his community and help make it a better place to be a part of which compliments his business success. 

1 Comment

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