Posts in Category: Philantrophic Activity

Dallas’ Philanthropy Hero-James Dondero

James Dondero graduated in 1984 with a Bachelor of Science in Commerce, Accounting and Finance option. He is also a Chartered Financial Analyst, Certified Managerial Accountant as well as a Certified Public Accountant. Dondero is an icon in the finance industry mainly because of his thirty years experience working in various capacities in different organizations within the United States of America.

While serving as the chief executive officer and chairman of Highland Acquisition Corporation, he also sits on several other corporate boards including NexPoint Hospitality where he is the chairman and president. Jim co-founded the Highland Capital Management in 1993 which primarily functions as a private equity. Mr. James Dondero’s primary role in the company is determining and ensuring proper development and execution of both strategic investment and initiatives on diverse operations. Additionally, James Dondero is the founder of NexPoint where he serves as a portfolio manager and president of the company. He is also part of the Metro-Goldwyn-Mayer Studios Inc team where he helps in the supply of documents and services. Learn more about James Dondero at Affiliate Dork.

James Dondero’s professional network and diversity is admirable. The beginning of his career in 1984 at Morgan Guaranty Trust Company opened up countless opportunities and hidden capabilities in the finance icon. He is the board of directors chairman at NexBank Capital, Jernigan Capital, MGM Holdings, American Banknote Corporation, Safety Kleen as well as director of Cornerstone Health-care Group chairman. Previously, he served as the chairman of Highland Financial Partners, director of Phy, TerreStar Corporation, Strand Advisors, Cricket Communications, and Leap Wireless International. Read more about James Dondero at Daily Forex Report.

Besides his expertise and milestone achievements in finance and management, James Dondero is also known for his philanthropic nature. He has a special interest in building his Dallas community through sponsoring education, veterans, and public affairs. In 2001 for instance, he donated one million dollars to a Dallas Zoo after the death of a Hippo due to insufficient resources. This move cultivated giving to charity in the community hence raising $14 million from individuals and institutions towards rebuilding the habitat. Other than his three million dollars annual commitment to charity in education, health, and civic institutions, Dondero gets involved in random charity exercises as his primary goal in the establishment of Highland Capital Investment.

Visit: http://www.jamesdonderodallas.com/james-dondero/

Do George Soros Plans Interfere with the Running of the Government?

George Soros is perhaps one of the most misunderstood people in the History of American politics. He has been in the limelight sometimes, and at times, from misguided news reporters who do not understand what he stands for and the values that George Soros believes in. There is a time when his name was mentioned in connection with the Charlottesville case. It was purported that he was the mastermind behind the motorist who drove into a crowd and fatally injured some White Supremacist demonstrators.

Anyone who understands the past that George has come from will out-rightly know that there is no truth to the claim. George grew up in Hungary during a time when Nazis occupied it. He was forced to flee the country and spent a lot of time trying to get his life together. He had his break in 1993 when he sold 10 billion pounds and made a profit of a billion pounds. He moved to the US, and as he continued growing his business empire, he also started working on the Open Society Foundations.

Soros has always believed that even though the society is not perfect, everyone has a responsibility to make sure that human experiences improve every day. In 2014, he was behind the Ferguson protests which erupted following the killing of an African American teenager by the police. He contributed the funds that aided in the hiring of the buses which took protestors to the state. By the time the protests ended, the message that Black Lives Matter had been passed across. From his involvement, we have seen a situation whereby the police have stopped using excessive force on black men. Previously, a simple traffic stop ending in the merciless shooting of an African American was the order of the day. Soros has, therefore, helped create a community that respects the rights of all their citizens, regardless of their skin color.

The other initiative that he has been part of is supporting the Liberals and most of the progressive policies that they believe in. For instance, Soros thinks that it is time to discuss gun control laws. This is after the series of incidences where tens of innocent lives have been lost and not because of terrorists, but because of locals who either had mental health issues and access to guns or other easily preventable reasons. Soros also believes that the campaign platform that was used by Trump is to blame for the radicalization and the re-emergence of groups such as the white supremacists. He does not believe that Trump’s behavior is in line with how a leader of the free world is supposed to behave. Only through open society groups can these issues be rectified.

 

Andrew Rolfe Leads Effective Management and Restructuring of Contributions in Ubuntu Fund

Andrew Rolfe, a prominent financial executive, is leading an effective management initiative in Ubuntu Education Fund to ensure efficient services to the communities. Being a major philanthropic initiative to support the deprived children in Port Elizabeth, Ubuntu wants everything for the vulnerable and orphaned children to ensure a quality life for them. As the Chairman of Ubuntu Fund, Andrew Rolfe has thought that the contributions in the recent years are coming with some restrictions and that are not actually changing the lives as intended. The fact prompted him to think about a strategy where efficient use of money can be ensured.

With Jacob Lief, the Chief Executive Officer of Ubuntu Fund, Andrew Rolfe devised a plan to get contributions without any restrictions. They proposed the way of bringing large donors on the board of directors of the philanthropic organization. It can both the way beneficial as it ensures the expert service of those highly qualified individuals, and at the same time, they are getting experienced with practical difficulties of the philanthropic initiatives. Additionally, it would have a greater acknowledgment of charitable activities to the contributors in an efficient manner, and the donors would feel they are more engaged in philanthropic activities. It should be noted that the restrictions attached with contributions are increasing the operating costs of philanthropic organizations as well. Also, the non-profits would struggle to innovate without the flexibility considering the limitations.

In terms of philanthropic works, the organization has set up “Ubuntu Model” that works closely with communities and families to ensure customized plans for each child that offers education, health, and stability they required to escape from the poverty. To setup a flexible model like Ubuntu, the donations should be without strings, according to Andrew Rolfe. He admits that there can have issues such as clashes of interest or the donors would have different priorities. To avoid this, Rolfe advises both charities and donors to make upfront discussions on the whole procedure and expectations from both the parties. There is a general acceptance that in the recent years, the relationship between donors and charities are improving though there are few high-profile disputes.

Betsy DeVos – One of the Leading Education Reformers in the United States

Betsy DeVos is one of the most influential personalities in the political landscape of the United States and has been an active reformer for over three decades since her college days. Betsy has led many political action committees, party organizations, and political campaigns successfully in her lifetime. During her college days, she has also served for almost six years as Chairman of the highly influential Michigan Republic Party. Seeing her achievements and activities, she has been engaged in over the years; it is easy to pick one constant attribute in her personality that Betsy has high reforming tendencies. Betsy DeVos is associated with many different charities and NGOs and also donates generously from her personal wealth as well as through her family foundation she started with her husband, Dick DeVos.

Betsy DeVos is a dynamic woman who is always on the go and has a creative solution to every problem she comes across, whether it is in business or her personal life. Recently, Betsy DeVos was also elected as the 11th Education Secretary of the United States in the cabinet of Donald Trump, the President of the United States. Apart from her political and social life and responsibilities, Betsy DeVos also serves as the chairman of Windquest Group, which is one of the most successful companies in its sector. Windquest Group invests heavily in different sectors, including clean energy, manufacturing, and technology. Husband of Betsy DeVos, Dick DeVos is also a famous personality in the political as well as corporate sphere of the United States and has previously served as the President of Amway Corporation. Visit Betsy’s profile page on Facebook.

The father of Dick Devos, Richard DeVos, co-founded Amway Corporation, and Dick DeVos served various positions in the company, including being its President for a few years. However, Betsy and Dick DeVos started their firm by the name Windquest Group soon after and is a multi-company group that also manufactures closet organizers. Betsy DeVos is also attached to many different organizations that work towards the welfare of the communities and its people, including Kids Hope USA, Foundation for Excellence in Education, Mars Hill Bible Church, and DeVos Institute for Arts Management.

Betsy DeVos is highly popular in the United States for championing the cause of education and speaking her mind against the traditional education system prevalent in the country today. It is for this reason; Betsy’s family foundation named Dick and Betsy Family Foundation donates generously for the purpose of education reforms, and also helps many meritorious and underprivileged students to get the education they deserve. As the school secretary of the country, Betsy DeVos hopes to make some positive changes in the education sphere to help students get a quality education without having to pay exorbitant amounts of money. Visit betsydevos.com to know more about Betsy.

Andrew Rolfe,Chairman of the Grassroots Organization-Ubuntu Education Fund

Ubuntu Education Fund is that a grassroots organization with a developed model for assisting disadvantaged children in the Port Elizabeth townships in South Africa. Ubuntu Fund partners with individuals and other family foundations of high-net worth to come up with new and better ways of ensuring that children benefit from them. Andrew Rolfe serves as the Chairman of Ubuntu Education Fund.

About Ubuntu Model

Ubuntu Education Fund has an operational budget of $7,000,000 per year. Over the years Ubuntu has built an integrated model to provide good medical and health systems,social interventions and education to help vulnerable and orphaned children eradicate poverty.

Ubuntu is an education fund that does not accept funds from donors who give out grants with restrictions on the way money is spent. For most non-profit organizations it is hard to find donors who give out funds without strings attached. Donors have a tendency of specifying which programs should benefit from the donations. Also, some donors like to have a say on the way an organization manages their operations.

Donor’s Perspective on Non-profit organizations.

Ubuntu was founded on the basis of giving children in townships the same opportunities as privileged children and helping them to succeed. The education fund ensures that the children are educated, healthy and receive basic necessities to help transform their lives. Donors who serve on the non-profit organization’s board have an input on the way an organization operates.

According to Effective Organizations Grantmakers, between 2008 to 2014,the funds that are available for operating costs has increased by 5%. Wealthy donors often prefer to support specific programs and projects by setting up scholarship funds in their names. Another trick that donors use is to give out grants for one year so that non-profit organizations are forced to reapply for funding when the period of the grant ends.

About Andrew Rolfe

Andrew Rolfe is the Chairman of the Ubuntu Education Fund and provides exceptional leadership to disadvantaged children. Since 2011,Andrew has donated over 100,000 dollars towards the Ubuntu Education fund.

According to Andrew Rolfe, children are likely to benefit from the education program when they have assurance that their learning process is secured with funds.