Dick and Betsy DeVos have been regarded as among the biggest philanthropists in the United States. When it comes to their philanthropic endeavors, education is one of the leading causes they contribute to on a regular basis. Betsy DeVos has talked about her views on education and what direction it should head into. She has stated that offering private charter schools often provides a better quality education for students. Betsy has also revealed that she believes that private charter schools are a better educational option because they allow parents to send their kids to the schools they want to attend. As a way to make charter schools widely available to the public, Betsy says that the government should provide vouchers to parents who want to send their kids to these private charter schools. With more access to private schools, children will be in better position to get a better quality education throughout their lives.
Similar to his wife Betsy, Dick DeVos often provides funding for a number of educational programs. Each year, Dick funds a scholarship program that enables students to attend business school. With his funding, a number of individuals have had the opportunity to complete master’s degree programs in business administration. As a result, these students were in position to advance their careers into top level management positions. Since business school can be quite expensive, Dick’s scholarship program has proven to make attending business school more affordable for those who are really waning to complete this particular educational program.
Dick also provides charitable donations to arts organizations. Every year, Dick provides funds to arts centers that hold events and exhibitions. One of the things he donates his money to is professional development. He uses his money to finance programs that will teach the managers and directors on how to run their organizations more efficiently. His funds are also used to help the organizations raise money for more programs and events that will provide a better overall experience for those who attend. Along with providing funds for professional development, DeVos also helps finance events where artists can showcase their work and receive incentives.
Since Dick is a former businessman, he donates a lot of his money to business development. He uses money to help startup companies get the capital they need in order to launch their business. Dick also uses funds to help existing companies expand. On a regular basis, he provides funds for companies to acquire property, inventory and equipment that will allow them to operate more easily. With his contributions, Dick has helped a number of companies get the capital they need in order to become more profitable as well as stimulate the overall economy.
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Although there has long been a contentious debate regarding the role that private enterprises should play in the nation’s prison system, the fact is that companies operating within the nation’s prisons often provide services that the government simply cannot do or has proven inept at. One example is the inmate communication space, where a few providers have dominated the market over the last 20 years.
One of these providers is Securus Technologies, with a market share of approximately 20 percent of all phone calls made in the United States annually. Securus has risen from a tiny company into one of the largest inmate communications providers in the country. And it has done it through providing quality services and products to both guards and inmates alike.
Although some inmates, family members and prisoner rights activists complain of the high rates inmates pay throughout certain jurisdictions in the United States, the truth is that Securus has been able to keep rates in the prison operates two phenomenally low levels. Throughout the state of Louisiana, for example, Securus has been able to keep the rates for outgoing prison phone calls down to just $0.15 per minute, a rate at which almost any inmate can afford to remain in frequent contact with their loved ones on the outside.
They have been able to do this despite the fact that Securus contributes and average of 70 percent of all revenues throughout the state to the prisons in which it operates, significantly padding the always-lean budgets of the institutions that have hired it to provide their phone services. More often than not, these funds represent crucial revenues to the prison, without which the prison would not be able to remain adequately staffed or supply enough beds for the inmates that it needs to house.
Paul Mampilly is a research and investment specialist with over 20 years work experience on Wall Street. He worked with clients like Deutsche Bank, ING and Kinetics International. Mampilly kicked-off his career on Wall Street close to 30 years ago at Bankers Trust, serving as assistance portfolio manager. Paul’s potential earned him a position at Deutsche Bank and later at ING. He served as an analyst for the two firms. Later, he became the money manager for Swiss Bank, Bank of Scotland and Sears.
In 2006, Paul Mampilly was hired by Kinetics Asset Management to manage its hedge fund. During Paul’s tenure, the company’s assets increased rapidly to $25 billion, and it was recognized by Barron’s for averaging annual returns of 26 percent. Paul Mampilly was given the chance to participate in an investment competition organized by the Templeton Foundation. With an initial investment of $50 million, Paul was able to grow that investment to $88 million in one year. He achieved this during the global financial crisis of 2008 and 2009.
After enjoying a successful career as an investor on Wall Street, Mampilly was tired of assisting ultra rich to earn more money, and he decided to retire. However, he did not quit the industry entirely, but he decided to help common individuals earn more money from their investments. To achieve this great idea Paul decided to create Profits Unlimited, a popular newsletter providing guidance to regular Americans on ways of investing their money. His plans was to help individuals understand the world of investment so that they get clear impression where to invest and earn better returns.
Paul Mampilly believes working on Wall Street is full of pressure because of the complexity of transactions worth billions of dollars. He explained that making the right decision makes one a hero, but mistakes reduces one to zero. Although he quit Wall Street, he is still committed to provide investment advice to common individuals. Currently, Profits Unlimited has a membership subscription of 60,000, making it the fastest growing newsletter in the industry. Paul also founded Extreme Fortunes and True Momentum. All his newsletters are published by Banyan Hill.
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