Dick DeVos: A Man with a Passion for Philanthropy

Dick and Betsy DeVos have made charitable donations amounting to 139 million dollars in their lives. These dwarf the political contributions they have made over the years. According to a report from their website, Dick and Betsy DeVos Family Foundation, they gave away about 12 million dollars in 2015 alone. The charitable donations for that year alone double the amount they have given to political causes for the last five years which is 5.3 million dollars. Dick’s dad and Amway co-founder, Rich DeVos, led his family to be a participant in Republican politics. According to a list published by Forbes titled “America’s Top Givers,” Rich and his grown children donated around 104 million dollars. Due to this, they were ranked 24th on the list.

 

 

According to information provided by the DeVos Family, they have a lifetime donation of just over 1.3 billion dollars, and this is huge compared to their 5.2-billion-dollar fortune. Dick’s wife, Betsy, also comes from a wealthy family from Holland that is known for its charitable and political giving. She was the daughter of the late Edgar Prince, an industrialist. Dick and Betsy prioritize education in their charitable giving, and this is evident from their donations in the past. In 2015 alone, 26 percent of their donations went to educational causes. They also dished out an additional three percent to support groups that advocate for education reforms. Dick DeVos states that the ultimate goal of these donations is to address the shortcomings of the public education platform that is engineered to work the same for different instances. He does not, however, criticize the employees.

 

 

According to Dick, he and his wife chose to specifically support environments that have accountability, adult supervision and support, and academic rigor. The DeVos started the country’s first aviation-themed charter school that they donated the first aircraft, write annual checks to, and bring A-list speakers to the school due to their connections. Arts & Culture is the next big thing the Dick and Betsy give to after education. 21 percent of their donations in 2015 to Arts and Culture. The DeVoses mostly do not follow up on the spending of their donations. They also involve their kids on where they decide to donate to next.

 

 

Dick Devos Work History

 

 

Dick has served through a couple of executive positions in his decorated career. Between 1993 and 2002, Dick was the President of Amway and his responsibilities included overseeing all aspects of operations in 50 countries. Before he became President, he served as Vice President at Amway International where he took on the role of operations in 18 countries. Between 1991 to 1993, DeVos was the CEO and President of Orlando Magic. This was after his family acquired the team in 1991.

 

 

Dick DeVos currently serves as the President of the Windquest Group.

 

The Evolution History of Cotemar Company Since its Inception

Cotemar is a Mexican company founded in 1979 as a service provider to the energy sector. Since its inception, Cotemar has been a leading service provider to Petroleos Mexicanos ( Pemex). This is a state-owned petroleum company that was created in 1938 after nationalization of all domestic, private, and foreign oil companies. Cotemar commenced its operations at the Campeche Bay specializing in two strategic market divisions of food services and accommodation and transport vessels. Cotemar continued to strengthen its position as the market leader by introducing specialized vessels for transporting people and materials in 1981.

 

In 1985, Cotemar continued to expand its market by acquiring its first rig where it provided food and accommodation service.

 

In 2002, Cotemar Corporation began the exploration of oil after acquiring its own independent oil rig from Pemex Company reaching its optimum oil production level two years later. In 2012, Cotemar in partnership with COSCO launched the construction of two semi-submersible rigs. Specialized crane and maintenance vessels for transporting liquid and solid materials were also purchased in the same year. In 2016, after the completion of the two semi-submersible rigs, Cotemar Company began onshore oil extraction in Atlantis.

 

Cotemar has continued to improve its infrastructures since its inception. Today, they have invested heavily on modern technology therefore providing high quality services to their customers. Nowadays, they have divided their services through three unique business divisions.

These unique divisions are;

  1. Cotemar construction, engineering, maintenance, and modernization: this unit focuses on modernizing of rigs and processing centers for their clients.
  2. Cotemar accommodation and food services: this unit caters for the food service of rigs and ships operated by Cotemar.

iii.Cotemar specialized maritime vessel services: this unit offers transport solutions and firefighting vessels.

Cotemar Company and all its employees are guided by four fundamental values of integrity, reliability, humility, and innovation. All these values play a vital role in the company’s day to day activities. They help the company move towards achieving its vision and mission.