Dick DeVos Has $139 Million To Speak Of In Non-Profit Giving

When Dick and Betsy DeVos started their family foundation over 24 years ago they saw it as a way to help organizations in education, arts, scientific research and political activism impact the state of Michigan. Dick’s family has been supporting conservative institutions since the days his father made Amway Corporation successful, and the DeVos family has built several foundations that have started higher learning centers at local universities and also supported Republican political candidates. But Dick and Betsy’s total giving has only a small fraction that’s gone to political candidates even though Betsy herself was once chairperson of the Michigan Republican Party. The exact amount the DeVos’s have given to local charities is estimated to be about $139 million.

 

Dick DeVos runs The Windquest Group and also is the former CEO of Amway Corporation. While working under his father and later leading Amway, Dick was responsible for growing its customer base into markets in Western Europe, Australia and Eastern Asia. Only a small part of Amway’s profits came from outside the US before Dick took over, but once he started running the company it grew to over 50%. After leaving Amway Dick and Betsy decided to start investing in more Michigan-based companies that specialized in food service, energy and power generators, household storage and specialized technology. Phil Dolci was recently chosen to become CEO of one of their companies. Dick was also the president of the Orlando Magic in the few years following his family’s purchase of the team.

 

Dick and Betsy consider education to be at the forefront of their values, hence why then President-elect Donald Trump chose Betsy to head the US Department of Education by the time he took office. One of Dick and Betsy’s first efforts to change it was when Dick won election to the state Board of Education in 1990, but despite being able to influence policies towards private schools, the DeVos’s thought more should be done. About 10 years later they attempted to bring a bill into law that would allow private schools to receive tax credits and vouchers, but it missed the needed votes. But in spite of that setback the DeVos’s also started working with charter schools, and in 2010 they formed one at the local airport that’s known as the West Michigan Aviation Academy.

 

The DeVos’s have also given to local hospitals and in 2006 Dick was given the Spectrum Health Foundation’s Art of Giving award. David Rubenstein’s project at the Kennedy Center also was the beneficiary of the DeVos’s charity and was then renamed the Dick and Betsy DeVos Institute for Arts Management. Dick DeVos is also an active member and supporter of Heritage Foundation, and he also wrote a book about his philosophies titled Rediscovering American Values.

 

WEN By Chaz Delivers For Customer Expectations

It’s understandable that when some people consider trying a new hair conditioner, they might have reservations over how it feels in their hair. Well one conditioner that not only feels great when used but also delivers smooth and thick hair is Wen by Chaz. WEN by Chaz is often seen on TV commercials and endorsed by celebrities, but if you want to know what regular users are saying there are reviews out there such as this one at Bustle.com.

This user said she often experiences greasy and tangled hair and on recommendation from her friends she decided to try WEN by Chaz. She said it felt great when she first tried it out in the shower and once dry it had a full and thick feeling. It has a way of attacking the problem in the roots without losing large hair strands, something she loved about it. She did mention that it has to be used daily to get the best result and doesn’t work as well if you like skipping conditioning days, but she certainly says it gives her confidence when she uses it.

WEN by Chaz was founded by hairstylist Chaz Dean (http://chazdean.com/) several years ago. He discovered his love for beautiful hair while taking up photography and decided to pursue his newfound passion at a prominent cosmetology school in Los Angeles. He soon developed a product he obtained the rights to sell and began using it as his salon. He’s served many famous celebrities at this salon in Hollywood. Check out his Facebook page for more info.

WEN by Chaz isn’t hard to find and it’s easiest to order online from WEN.com. You can find it at a few brick and mortar stores but not at most general mainstream retailers such as Walmart or Walgreens. You can buy WEN by Chaz products either in the basic kit, or if you want a their extras you can buy the deluxe kit which is about $10 more.

 

Oversubscribed Private Placement of Senior Notes

According to PRNewswire, NextBank Capital, Inc., which is a Dallas-based financial services firm announced the efficacious completion of the oversubscribed private placement of its senior and unsecured notes. The company also managed to reopen their initial offering by an additional amount of $80 million. This gave a total issuance of $155 million. The notes will bear interest at a constant rate of 5.50% for the next five years. Also, the floating rate is based on how it will spread within the three month LIBOR while using 435.5 basis points. Additionally, the notes were assigned the investment grade rating of the BBB that have a stability outlook.

NextBank Company plans to use the earnings of their offering to repay some debt they have, as well increase their general corporate purpose. The oversubscribed placement illustrates that there is still continued confidence that investors have with NexBank. The funds will help the company with the fortification of the capital balance sheet, and at the same time allow the company to increase its earning. Furthermore, the CEO of NextBank, John Holt, believes that the firm has an excellent record in financial stability and strength. The Nextbank Company has the selective approach that helped it achieved business growth. The CEO also agree that they are contented to have the BBB rating done by Kroll Bond Rating Agency. This has validated the company with high financial performance and excellent credit quality.

NextBank has significantly continued to attract a substantial capital from a wide range of institutional investors. The capital has helped the company to deliver on its strategies and core businesses. NexBank has managed to raise more than $200 million of debt and equity over the last 12 months. The funds were necessary for the continuation of the company’s objective of organic growth.

About NexBank

In December 2016, NexBank had assets worth $4.6 billion. This has enabled it to deliver services to mortgage banking, commercial banking, middle-market companies, and real estate investors. Regarding leadership, the company’s executive management team can combine all the industry expertise and at the same time focus on good service delivery to its esteemed clients. The management team is good at providing leading financial services to individual customers, corporates, and institutions. The executive team is led by Mr. James Dondero, the Chairman, President, and Co-Founder of Highland Capital Management Company.