Crosses For Losses

Dick DeVos Is a Helpful Philanthropist

If there is one thing I have a lot of respect for, it is philanthropy. There is one person that I am hearing about recently who is making a lot of charitable contributions. This man is named Dick DeVos. He is making a lot of contributions for many people and giving plenty of opportunities. Watch the testimony video below to see how his donations helped this young Michigan man.

 

He has made an impressive contribution to the John F. Kennedy Center for the Performing Arts which has blown it past its goals for a project of expansion. However, this has caused it to raise its target by $50 million. The original goal of the fundraiser was to raise up $125 million. You can see more of his upcoming charity work by visiting his Facebook.

The original start of this campaign was sometime in 2013. This fundraiser has gone on for two years. There have been a few changes in the design during the fundraiser. In 2013, a $50 million donation was made by David Rubenstein. His generosity went unmatched as the money kept pouring in. However, DeVos has recently made a huge contribution of $1 million. The amount that was donated boosted the fundraiser past its goals.

Dick runs a family foundation along with Betsy DeVos. They have been married for more than 30 years. I personally believe that if someone is able make a marriage work for 30 years, they are doing something right.  This shows that they are able to work out their issues in a way that is constructive. DeVos is an accomplished author and dispells much of his life views in his New York Times Best Selling Book, titled Believe. Their family hails from Dutch heritage and they have four children of their own. They have one daughter-in-law, two sons-in-law. They also have two granddaughters. All of their children are working careers in their business.

Dick is an excellent example of a philanthropist to look up to. He does a lot to help people. He also makes many contributions to new projects. He definitely has inspired me. For one thing, he has made a lot of efforts in revitalizing downtown Grand Rapids. He also serves int he RDV Corporation as a board member. DeVos education includes his attendance at Northwood University and other public schools. He is also involved in an investment firm called The Windquest Group which is where he gets his ability to provide funding to some of the best projects in development. 

Sam Tabar and THINX

Sam Tabar, a famous NY lawyer, looks closely at many potential companies that get his attention in order to see whether or not the company is worth investing in. He has found a potential asset in a company called THINX. This company was funded in a Kickstarter campaign and has a business model that is very special to Sam Tabar. Sam Tabar has found that this company addresses the business model and global issues in a way that satisfies him. They provide actual solutions to problems and not just try to make money of of their customers. Sam Tabar sees this in THINX and is impressed with its model, and as a man who has given many investment tips in the past, he definitely knows what he’s talking about.

THINX offers undergarments for women that handle menstruation. This gives women the chance to go to work or school. One thing that Sam Tabar noticed on Twitter about THINX is that they are making a difference in the lives of women with their product. With each purchase comes seven cloths that are both washable and reusable. In countries like Africa, women are not able to handle menstruation in a way that allows them to leave home. With the products offered by THINX a woman in Africa has better means to handle problems with menstruation. It is this practical solution to a significant problem that Sam Tabar respects and admires about the company THINX.

Sam Tabar himself is all about solving problems, and his history makes that pretty clear. He is not just trying to succeed for himself, but to find a way for others to succeed. He is willing to advise others on what to look for in a potentially profitable business. He is always willing to tell people about his portfolio and what he looks for in a business that gains his investment. He is also willing to invest in companies that make things convenient for their customers. THINX allows customers to order from the website so that they can receive their items without having to travel to a location if they live far from it.

Having met them in one of his earlier career opportunities, Sam Tabar had some friends who knew the founders of THINX. This is how they met. Sam Tabar initially was wanting to understand the business before he decided to invest in the company. One of the things that stood out in their presentation of THINX is the business model. He also showed that they are very wise about how they handle their finances. Even a great product could fail if the company did not have a sound financial strategy. It is not enough for a company to make money. It must also know how to use the money in a way that is profitable. THINX has shown wisdom in how it plans to handle its finances. This is what impressed Sam Tabar along with the products that the company offered.

Scott Lumley’s Gift of Industrial Space to Nashville Coming Soon

Nashville will be getting a 600,000 square foot industrial warehouse that is geared to solving the problem of lack of industrial space. The cost of this space was nearly $2 million dollars, and it’s 44 acres of space which is on pace to start building this month.

This development was scored by the largest commercial developer in Nashville, Pannatoni Development Company. While the project is on schedule to be completed by the fall of 2016, there are currently no tenants on hand. This will be the largest industrial space built without tenants in nearly a decade.

This warehouse is coming at a time when the city desperately needed warehouse space close to downtown. This could potentially solve the problems for more businesses than anticipated that are in need of more space for their goods. With the warehouse within a three to four-mile radius of downtown, access to the interstate will make this space favorable for all who are in need of the extra space. Will this space be sufficient? The real test of the business acumen for Pannatonni will be how many tenants grab the open spaces and start the ball rolling.

The commercial Realtor to watch is Scott Lumley. As an entrepreneur, Lumley knows that the fuel for his fire is all about making sure that every customer is absolutely satisfied with everything you do. Lumley knows that the needs of his market change frequently, and that has helped him get to the top as the principal member of Resolve Financials LLC.

The purchase of older commercial buildings is what has drawn his attention to Nashville. This is what drew Lumley to The City Center. His goal was to help redefine the way most warehouses are built in an attempt to make things easier for future tenants. Perhaps commercial developers and Realtors are going to ride on the coattails of Lumley to see if they can duplicate his success.

Lumley’s passion for commercial real estate and finance, coupled with his understanding of how the internet will help businesses thrive, is a pathway to success for all who are involved in his transactions.

Forefront Income Trust – Help For The 99 Percent

Forefront Income Trust, a new initiative from Brad Reifler and his company Forefront Capital, seeks to even the playing field between accredited and non-accredited investors.

Reifler has long realized that accredited investors, those with a million dollar net worth excluding their primary residence or with an income north of $200,000 per year for the previous two years, have a definite advantage over those not accredited. After his father-in-law retired, Reifler recognized the lack of investment opportunities compared to his accredited clients and this was the impetus for the Forefront Income Trust.

Reifler is a lifelong entrepreneur as self stated on About.me, whose solo career began in the early 1980’s with his first company Reifler Trading Company (RTC). The company controlled hundreds of millions of dollars and would eventually be purchased in 2000 by the largest futures company in the world Refco Inc. Prior to selling RTC, Reifler also founded Pali Capital in 1995 which focused on credit analysis and derivative structures and then educated traders on the execution of the optimal strategy. Reifler was the CEO of Pali for 13 years and during this time the company did in excess of $1 billion dollars in commission income with offices situated on four continents.

After years of helping large institutions, Reifler decided in 2014 that he needed to focus his attention on the 99 percent. These are people that up to this point have not had the same investment opportunities as those investors that are accredited. This disconnect created an opportunity for Reifler to help close the ever widening gap between the upper and middle class.

Thus was born the Forefront Income Trust, which assists non-accredited investors in obtaining and managing higher yield investments. Unlike most Wall Street funds the Forefront Income Trust has no management fees until the investor reaches a return of 8 percent. In an effort to ensure that nearly everyone can participate, the trust only requires an investment of $2500.

Reifler has said that he wants the Forefront Income Trust to be known as a safe vehicle that can bring complex investments to everyone so that they can save for their futures, without first having to be an accredited investor.  While Brad has freely given out investment advice before, this definitely marks another turning point in an already amazing career.