Category Archives: Philantropist

Dick DeVos: Tenacity, Drive, and Heart

Published / by BDtop

Dick and Betsy DeVos have come under intense scrutiny over the past year. Every move they make is studied and dissected. They have receive much criticism for their huge political donations. But their large charitable donations have not received much attention. These philanthropic figures only came to light in during Betsy’s Secretary of Education confirmation hearings.

 

In 2015 the DeVoses contributed $11.6 million to charitable causes. That figure is double the $5.3 million in campaign contributions that Dick and Betsy have given over the last 5 years. Giving seems to be part of the family bloodline. Dick, his father, and his siblings have donated a collective $1.33 billion over their lifetimes. That huge number is made even more impressive when you consider that it is about a quarter of the family’s fortune.

 

Dick and Betsy believe that education is of paramount importance. In 2015 they donated over $3 million to educational causes. The majority of this money goes directly into helping individuals. They believe that every child should be given an equal chance at a quality education. They support a voucher system which they believe will help children that are born in the “wrong” district. Dick is a believer that education is the key to success; both for the country and the individual. Every person deserves a chance to succeed. His philanthropic shows his desire to reward hard work with opportunity.

 

Dick DeVos is no stranger to hard work. He worked his way up his father’s company, Amway, to the position of President. He was fortunate to receive much opportunity and tenacious enough to take advantage. His tenure as president of Amway saw the company into its largest expansion. Under his leadership the company expanded into more than 50 countries. Upon his retirement from the corporate world Dick DeVos dedicated himself to helping his community and country.

 

Politics can be a difficult arena. One should only enter if they are prepared to help their fellow man. The DeVos family’s rich philanthropic history illustrates their desire to make their community and country great. Dick DeVos’ professional career shows him to be a man of fierce tenacity. His political activity shows him to be a man of great drive. His philanthropic life shows him to be a man of great heart.

 

The Life Of Stephen P. Murray

Published / by BDtop / 1 Comment on The Life Of Stephen P. Murray

Stephen Murray, affectionately referred to as Steve, was born August 2, 1962. He attended Boston College where he graduated with a degree in economics in 1984. He would later attend the prestigious Columbia Business School where he obtained his masters degree in business administration in 1989.

In 1984, shortly after graduating from Boston College, Murray joined the credit analyst training program at Manufacturers Hanover Corporation. 5 years later, in 1989, he joined MH Equity Corporation. MH Equity Corporation combined the finance unit and the private equity group of Manufacturers Hanover. Learn more about Stephen Murray CCMP Capital: https://www.pehub.com/2007/10/5-questions-with-stephen-murray/

In 1991 Chemical Bank purchased Manufacturers Hanovers. After the purchase Chemical Venture Partners and MH Equity merged with one another. 5 short years later in 1996, Chemical Bank merged with Chase Manhattan Corporation. In that same year Chemical Venture Partners became Chase Capital Partners.

Through all these moves Stephen Murray was still a vital part of the company. In 2005 he received a big promotion and became the head of buyout business for JP Morgan Partners. One year later in August 2006, Murray helped co-found CCMP Capital. CCMP Capital was a spin out of JP Morgan Chase and contained the buyout and growth equity team of the JP Morgan Chase private equity team.

In 2007 Murray was named CEO of CCMP and held that position until his untimely passing in March of 2015. Murray was also on the board at several major companies including Warner, The Vitamin Shoppe, AMC Entertainment and Generac Power Systems just to name a few. Learn more about Stephen Murray CCMP Capital: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/

Stephen Murray Was A Big Giver

Besides being an astute businessman, Stephen Murray was also a big giver. He believed in giving back and helping those in need. He was an avid supporter of several foundations and organizations including the Make-A-Wish Foundation of Metro New York, Columbia Business School and Boston College just to name a few.

Murray was also a memeber of the chairman’s council of the Make a Wish Foundation of Metro New York and the vice chairman of the board of trustees at Boston College.

Read more:

The Exponential Growth of CCMP Capital Under Stephen Murray’s Leadership

West Village Townhouse for $17 Million