Recently, Dick DeVos and his family have made a purchase of the liquor company Coppercraft Distillery. The company is located in Holland Township and it represents the Devos family’s first foray into the world of alcohol. The purchase was made through Windquest Group, Inc which is one of the Devos’s many holding companies. This is according to the Michigan Department of Licensing and Regulatory Affairs which handles all liquor licensing for the state of Michigan. The Devos family is as well known for their privacy as they are for being generous and so they could not be reached for comment on their recent acquisition.
Coppercraft Distillery is a taproom that also functions as a micro brewer, winemaker, vendor of spirits, and a distillery. It was founded in 2013 by Walter D. Catton who allowed the acquisition because he had long been searching for an investor who could help him bring his liquor to the world. To grow a liquor company beyond the micro brewery level is very expensive, and the marketing budget required to turn it into a recognized brand is even greater. From the time the alcohol is created, it takes an additional 3 years for it to be ready to serve to customers. That is why acquisition by the DeVos’s made practical sense to Catton who is happy to be working with them. He will continue to work for the company.
Dick DeVos‘s is investing into the Coppercraft’s taproom immediately. More seating is already being built so that a greater number of people can enjoy the wine and beer in house. Also, food will be served through the new kitchen that is being built. Devos plans to expand Coppercraft all over Michigan before moving into other regions. His new company’s future is looking bright.
Dick DeVos is a wealthy business magnate and philanthropist who lives in the Grand Rapids, Michigan area. He operates his businesses and his charities with the help of his family. Their total fortune is estimated to be in the billions of dollars. Devos is the founder of Amway and also the owner of the Orlando Magic basketball team. Back in 2014, the Devos family donated a total of $94 million to charity. It regularly gives sums of money that would put it at the top of Forbes magazine’s list of top philanthropists. However, the DeVos family is humble and for many years they kept the total sum of their giving private. It is estimated that in total they have given away $1.2 billion.
Entrepreneur and businessman Keith Mann just announced that Dynamic Search Partners has reached its $22,000 goal for Brooklyn-based Uncommon Schools.
The inner city charter school is one of many such schools in New York, New Jersey and Massachusetts that offer an educational path for students who have few financial options.
Keith Mann, creator of Dynamic Search Partners, held a charity fund raising event at the Standard Hotel Beer Garden. The goal was to raise money for the school’s PSAT and SAT exams. Many power players and executives came out to join the fun. At the end of the night, over $22,000 was raised. “This money guarantees that students who want to college will not have to worry about the first step,” said Mann.
The Brooklyn-based Uncommon School is in its inaugural year in Brooklyn. This year’s class will see about 75 graduates.
Mann expressed his appreciation towards Uncommon Schools and the students. “These kids are eager to learn and the vast majority will make a positive contribution to society,” said Mann. The school is one of the most modern in New York. They employ some of the most dynamic, young teachers across the nation, according to Mann.
Mann is the CEO of Dynamic Search Partners. His relationship with Uncommon Schools dates back to 2013. As a successful businessman, there isn’t a challenge that Mann won’t face. When asked to host a fundraising event, he didn’t flinch. In fact, he supported it 100 percent.
He has been in the financial industry for nearly 20 years. Trained at some of the finest hedge fund banks in the world, Mann struck out on his own and founded his own company in 2010. Through Dynamic Search Partners, he has staffed a number of agencies all over the world with highly-trained professionals.
His company has offices in New York, Europe and Asia.
The DeVos family of Grand Rapids, Michigan is one of the richest and most philanthropic in the U.S. The family’s patriarch, Richard Sr., is the co-founder of Amway Corporation.
On thing the DeVos’s know is that power and influence doesn’t always come from how much money you have — how much you give away is where the influence lies. According to a recent article in Forbes Magazine, The DeVos family is estimated to have given $1.2 billion away over a lifetime. Although Forbes ordinarily doesn’t reach such information, a little prodding did the trick. Richard DeVos says releasing the numbers will hopefully encourage more people to give.
The family is well known in Michigan for their conservative political stance. Richard “Dick” DeVos ran in the 2006 Governor’s race against as a Republican against incumbent Democrat Jennifer Granholm but lost.
While Forbes lists how much money a family gives, it doesn’t tell exactly where all the money went. According to 2013 IRS records, the bulk of their giving went to education. In fact, 48% went to education, 27% to health and community services, 13% to faith-based organizations and 12% to the arts.
American Enterprise Institute, The Heritage Foundation and Mackinaw Center were given six-figure donations.
The family has five separate foundations. Each of Richard DeVoses four children have a foundation. The elder DeVos and his wife run the Richard and Helen DeVos Foundation. At times, all five foundations work together to attain a goal.
A number of charities are singing the praises of the DeVos family. The South Division Avenue Ministry is able to feed and clothe people. They offer other services such as helping individuals find jobs and get identification. Mel Trotter, spokesperson for the ministry says that they wouldn’t be in existence now if not for the generosity of the DeVos family.