The Kennedy Center for the Performing Arts has a number of renovations and additions in the works, thanks to an amazing fundraising campaign. The Center decided that based on the success of reaching their initial goal of $125 million so easily, they would increase their target by another $50 million. This increase would cover the additional costs added to their original plan that has undergone a number of changes since the fundraiser started in 2013. The targeted completion date for the expansion is in late 2018.
Donations have come in from many corporations and individuals who are dedicated to the arts community. One of the larger donations was from the Dick and Betsy DeVos Family Foundation. This charitable organization is run by married couple Dick and Betsy DeVos. Dick DeVos has been involved in philanthropic causes for many years. A Michigan-born entrepreneur and businessman, DeVos has a fortune of just over $5 billion and is considered one of the wealthiest people in the United States. Politically active, DeVos has fought for the Right to Work cause as well as a new law that would enable children to use school vouchers in Michigan.
DeVos’ philanthropy includes donating to organizations who support free-market ideals and are looking for methods to prevent and control pollution. The Dick and Betsy DeVos Foundation was established in 1990 and has been actively involved in a number of projects around Michigan. They provide scholarships to local students and began the first-ever aviation training charter school. The charity is also heavily involved in arts programs both in Michigan and around the country. This love of the arts was the reason for their substantial donation to the Kennedy Center fundraiser.