Business News, Philanthropy

Dick DeVos Reveal The Extent Of His Family’s Charitable Giving

Dick and Betsy Devos established their charitable giving fund, the Dick & Betsy DeVos Family Foundation, in 1989. Dick recently revealed that since then they have given almost $139 million to a large number of charities and nonprofits with an emphasis on education, healthcare, arts, and community. In just 2015 the foundation provided $11.6 million in funds for charities. Combined with the rest of the DeVos family they have collectively given $1.33 billion and are ranked #24 in Forbe’s 2015 list of America’s Top Givers.

Due to their focus on education, the couple donated over $3 million in 2015 to various educational causes and another $357,000 to support groups fighting for education reform. Dick DeVos has commented that he doesn’t see that the current system is helping children fulfill the American Dream and additionally sees the issue as a civil rights problem. If a child doesn’t grow up in the “right” zip code they simply don’t have access to a quality education. Some of the educations charities that the foundation provided with funding in 2015 includes the Compass College of Cinematic Arts in Grand Rapids, Northwood University in Midland, and the West Michigan Aviation Academy. The academy they support provides high school students with an education that prepares them for a career in the aviation industry, from plane maintenance, to engineering, to earning a pilot’s license.

Another focus of the DeVos Foundation is in arts and culture. In 2015 they donated more than $2.4 million to a number of causes designed to support artists as well as to strengthen the business side of the industry. They had previously given $22 million in order to create the DeVos Institute of Arts Management at the University of Maryland. The program aims to inform students studying arts management on how to run an art institution as well as how to raise funds.

Dick DeVos has talked about bringing in their children for their input on where to donate money that will have the most positive impact. In a recent donation, his kids didn’t think he was providing enough to a cause to really make a difference. Dick agreed that they were right and that they could do more and so they did by providing sufficient funds to fully realize the ideals of the charity.

Dick DeVos started his career at Amway in 1974, served in various Vice Presidential positions, and was Chief Executive Officer of the company from 1993 to 2002. Dick is also a part owner of the NBA Orlando Magic team. Dick is the Chief Executive Officer of The Windquest Group, an investment firm he founded that specializes in the fields of technology, clean-tech industry, hospitality, manufacturing, and nonprofits.

Businessman

The Making of Hussain Sajwani and Damac Properties

Hussain Sajwani is a United Arab Emirates-based real estate developer and philanthropist. He is the founder of Damac Group of companies. Sajwani attended the University of Washington. There, he graduated with a degree in economics. In 1982, he got a job with GASCO, a subsidiary of Abu Dhabi National Oil Company as a contracts manager. It wasn’t long after that he established his enterprise and called it Damac LLC. Later, the company became Damac Group. In the early 90’s he developed DICO Invest, an investment firm that currently holds portfolios of securities in several companies. Sajwani also founded Al Jazeira services that currently, stands at a market capitalization of over $125 million. He consolidated the company strengths and invested in Bahrain-based Al Ahlia Insurance Company. He acquired a 40 percent stake in the firm.

 

Sajwani has also taken part in the foundation and development of Al Anwar Ceramic Tiles. The institution was established in 1998 and is the only tile manufacturer in the country. He holds shares in different companies. He also holds a board membership position at Majan University College.

 

Hussain Sajwani and President Donald Trump spent the New Year’s Eve together. The two businessmen had partnered in several deals even before the election of Trump as the president of USA. Together, they developed the Trumps International Golf Club. The luxury villas brought a net of $ 2 billion. According to a statement made to NBC News by Sajwani, it was evident that the relationship between the two entrepreneurs went beyond the business boundaries. Sajwani told the news station that his children were much involved with trumps’. He also said that his wife has a close relationship with Ivanka. Additionally, on several occasions, they have traveled to New York and had dinner and lunch together. Ivanka and her children have visited their Dubai home on several occasions.

 

Sajwani is also known for his philanthropic activities. A twitter handle said that it more of sharing and not about charity. In a recent event, he donated one million AED in a cause that sought to clothe a million needy children.

Learn more:

http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566

Israeli Army

Getting to Know Adam Milstein, Successful Entrepreneur and Philanthropist with Jewish-Americans

Adam is an entrepreneur from Israel who is the managing partner of Hager Pacific Properties. He is extremely talented both in business and in creating initiative ways to benefit Israeli-Americans, and recently Ideamensch interviewed him as an admirable businessman excelling in his everyday life.

Interview Review

Adam Milstein is known to be intuitive who lives in the moment, and as he is partner with David Hager who prefers the psychological view on life, this is very useful. The agency was started when Adam was attending University of Southern California for his MBA.

Adam Milstein was grew up in Haifa, Israel; he attended Technion and received a business degree the year after he was released from his duty in the Israeli Army.

His life revolves around his family, but he discovered early in his career that when he focuses on helping other people, his life is much more satisfying. What is not included in the interview is that Milstein is also a philanthropist for Jewish-Americans, and in 2000, he founded the Milstein Family Foundation. Learn more about more Adam Milstein: http://hagerpacific.com/hager-team/adam-milstein/

This foundation is an umbrella corporation for nine agencies that he has established that help the Jewish population.

Adam Milstein is a directed and diligent real estate executive and he admits that it takes time for someone to succeed in real estate, but his father taught him the brokerage very well. He claims to be consistent and persistent as well, but he prefers the ups and down in the market, which make the field exciting to him.

According to Huffington Post, knowing this about Adam Milstein, it’s not difficult to understand that setting goals is not one of his favorite concepts. In fact, he admits he rarely sets goals because he finds them too limiting.

Rather, with his life experience and education, Milstein advises others to interpret the issues surrounding your business for yourself instead of relying on other people to present the answer. He suggests being a part of the solution and moving forward.

Businessman

DAMAC Group Led by Hussain Sajwani, Its Success and Partnership with other Brands.

The 63 years old United Arabs Emirate citizen, Hussain Sajwani is a successful entrepreneur who has accumulated $3.6 billion from real estate and self-made. Sajwani started his career in food service industry. He attracted US military and construction giant Bechtel. Sajwani still owns his food service firm.

Sajwani founded DAMAC Properties in 2002 by taking advantage of Dubai government allowing foreigners to own property in Emirates. He purchased land an undeveloped area where he later managed to sell his first 38 stories residential building in a period of fewer than six months. DAMAC group is a multi-billion corporation that operates in over 20 countries with its headquarters in Dubai. DAMAC Properties Co develops leisure, commercial and residential properties in Dubai. The company also invests in real estate projects. The success of DAMAC group is attributed from the expertise of Sajwani in property development, sales, finance and legal sectors.

DAMAC Properties employ over 2000 employees. The company is a publicly listed corporation that is traded in Dubai finance market. By partnering with the most recognized brands in lifestyle and fashion, has brought exciting living concepts in the market. DAMAC projects include Ta golf course designed by Tiger wood and managed by The Trump Organization. Unique Paramount hotels and luxury villas styled by Bugatti. It has also developed the Italian Fashion houses. Positioning the company among the largest Hotel apartment operators, DAMAC Maison provided bespoke services to residents in approximately 12000 hotel apartments.

DAMAC partnered with Donald Trump in 2013 to develop two Trump branded golf course. The luxury villas have made almost $2 billion in sales. Sajwani and Trump have been seen to maintain their business relationship, and friendship has also developed. The two real estate giants celebrated the New Year’s Eve together. Sajwani visited New York, and he said that the election of President Trump would strengthen the brand which will benefit it. Sajwani wishes to enhance the deeper relationship with the Trump organization to further his business.

DAMAC group headed by Sajwani contributed two million to AED campaign. The contribution was to support the government in their effort to clothe a million children around the world. The campaign was intended to improve the standard of living in the world.