Todd Lubar: A Versatile Businessman

Lubar’s education

When he was a child, Todd Lubar attended the Sidwell Friends School in Washington DC. After graduating from the institution in 1977, he moved on to the Peddie School located in Hightstown, New Jersey to do his high school studies. Todd then joined Syracuse University where he graduated with a bachelor’s degree in speech communication.

Work history

Todd’s desire to help people made him love the real estate industry. His first job was as a loan originator at Crestar Mortgage Corporation in 1995. He became a conservative mortgage banking guru while working there. He says that this skill gained at Crestar has aided him a lot in his life. His curiosity and desire to know everything in the real estate industry made him form friendships with insurance agents, real estate agents, and financial planners among others.

Todd joined Legendary properties in 1999. He used his skills to bring success to the firm. The position allowed him to expand his knowledge in the mortgage industry. http://www.toddlubar.com/links/

Entrepreneurship

After seven years of working, Todd decided to go out on his own. He created Legendary Properties which is a residential development company. While creating the company, Todd formed good friendships with people in different areas of the building process. This made the company produce products of high quality in time.

After a while, Lubar opened Charter Funding. This was a subsidiary of First Magnus Financial Corporation. Through this affiliation, Lubar was able to take his enterprise to great heights.

After periods of high success, Todd felt like he needed to give back to society and he formed Legendary Financial which was an affiliate of Legendary Properties. Its main aim was to lend to people and firms who were sometimes not assisted by mortgage companies and banks.

Real estate industry in Maryland

The 2008 real estate crisis severely affected the nation. After a series of implementing consumer-friendly rules, the Maryland real estate industry has recently shown signs of recovery. These rules have decreased the rate of bank foreclosures. The median price of homes in Baltimore and its environs has also increased by six percent between April 2015 and May 2016.

Information on this article can be sourced from Todd Lubar’s Linked In page and angel.co bio .

Dick DeVos: Part Of A Giving Dynasty

The DeVos family has certainly received a lot of attention for their enormous political donations. Criticism has come tenfold with the announcement of Betsy’s nomination for Secretary of Education under President Trump. Dick and Betsy stepped forward recently however, Dick finally lifting the veil on their almost $139 million given in charitable contributions which makes their political donations look like pocket change. As Dick wanted to show, their foundation handed out an astounding $11.6 million just in 2015. The Dick and Betsy DeVos Family Foundation 2015 report doubles the amount given by the couple in campaign donations over the last five years.

 

 

Dick and Betsy are both part of Michigan family dynasties, with Betsy being the daughter of billionaire industrialist Edgar Prince and Dick being the heir to the Amway fortune. Both of their families have been involved in Republican politics and philanthropy for decades now, with the entire DeVos family handing out a cool $104 million in donations for the year 2015. The DeVos family was named as number 24 on Forbes‘ America’s Top Givers list, with the family’s lifetime giving approximated at $1.33 billion. That number is around a quarter of their combined estimated fortune.

 

 

When it comes to philanthropy Dick and his wife Betsy have always been dedicated primarily to education. For the year 2015, 26 percent of their charitable donations for the entire year were allotted to educational causes; $3 million. The Dick and Betsy DeVos Family Foundation also doled out another $357,000 to educational reform groups. Some of the organizations that were recipients of the donations are the West Michigan Aviation Academy, the Detroit Charter School Company New Urban Learning, and the Potter’s House in Wyoming. Their generous giving is indicative of their passion for improving education. Both Dick and Betsy believe that the country’s current education system does not allow the American dream to be fulfilled. While critics argue about their vouchers ideas and their love for charter schools, Dick and his wife don’t think it’s right that children born in the ZIP code are not allowed the same access to education as other children. The Devos’ goal is to change the current educational platform that is one-size-fits-all.

 

 

Dick DeVos is the oldest of all the DeVos children, their father being the co-founder of Amway Corporation. Dick started working for his father’s company in 1974, becoming Vice President in 1984. He left Amway in 1989 to start work on his new business, The Windquest Group. He was selected by his father in 1991 to manage the Orlando Magic NBA franchise. He went back to Amway in 1993, this time becoming the company’s President. He oversaw the company’s restructuring in 2000, creating a new mother company, Alitcor. Just two years later he retired from his position at Alticor to invest all of his time with The Windquest Group.