Nabors Industries CEO Anthony Petrello: A Legacy Of Generous Philanthropic Giving

Nabors Industries CEO Tony Petrello is committed to helping the less fortunate. Over the past 20 years he has given millions to a wide variety of charitable causes and philanthropic organizations. And even today he continues to make significant contributions to groups working to help people facing social, health and financial challenges. Tony Petrello’s upbringing in a close-knit working-class community in Newark, New Jersey and his caring family have helped to make him into a loving, generous person people can turn to for support in difficult times.

One of the projects to which Anthony Petrello has given millions of dollars and a lot of his time is the creation of the Jan and Dan Duncan Neurological Research Institute at Texas Children’s Hospital. When Carena, Tony and Cynthia Petrello’s daughter, was born with cerebral palsy, Tony Petrello sprang into action. He provided the hospital with $7 million in seed money to begin building a research and treatment facility that has since been able to help children worldwide dealing with neurological problems. Tony Petrello not only helped Texas Children’s Hospital raised the hundreds of million of dollars necessary to build, equip and staff the facility, he continues to help them today.

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When Hurricane Harvey destroyed large areas of Houston, Texas and left hundreds of thousands of people homeless and in desperate straits, Tony Petrello once again stepped up to help. He donated $175,000 to the hurricane relief efforts. With his help, Nabors Industries also used their kitchen facilities to make and distribute hundreds of thousands of hot meals each day to people in need and workers involved in the clean-up and rebuilding efforts. In addition, when the employees of Nabors Industries raised over $173,000 to help in Houstonians struggling to rebuild their lives, Tony Petrello matched their donation.

Tony Petrello’s recent donation to Yale University is further evidence of his caring nature. When their world-renowned math professor Serge Lang died recently, Tony Petrello helped create a scholarship fund in his name by making a $150,000 donation. Petrello, who had studied under Professor Lang while earning both a bachelor’s and master’s degree in mathematics from Yale, also donated an additional $150,000 to be used as a matching fund for future donations to the scholarship. It was his of showing appreciation for the help and support he received from Professor Lang.

These a but a few examples of the philanthropic efforts of Tony Petrello.

Source: https://www.broadwayworld.com/houston/article/Tony-Petrello-Welcomes-Tommy-Tune-Home-To-Houston-20180104

How Betsy DeVos Has Helped to Improve the Quality of Education

For many years, parents in the United States have been forced to choose schools for their children based solely on their homes’ ZIP codes. However, the introduction and expansion of charter schools and educational choices have left parents with broader options on where to send their kids. One person who has worked tirelessly to ensure successful implementation of these programs is Mrs. Betsy DeVos, the current Education Secretary in the USA. She has advanced the need to provide parents with more options and freedom when educating their children. According to Mrs. DeVos, it is the only way that equity can be enhanced within the education system in the country.

As an active politician, Betsy DeVos held a political party position and also mobilized politicians in Michigan to support her reform agenda with the aim of improving the quality of education. Today, many students are able to attend schools of their choice, where they are assured better education. She has been involved directly with establishing and heading several charitable organizations with the aim of funding educational programs in Grand Rapids, Michigan. In addition, Betsy has led PACs that sponsor election of reform oriented candidates to the Congress. Through a number of initiatives she led, the educational choice movement has spread to 25 states.

Mrs. Betsy DeVos has worked very hard to eliminate the perception many people had that ZIP code or the income of a family do not determine the quality of education a student would receive. It was expected that Betsy would push the agenda of having states and localities control the education sector. As such, parents would have greater say when choosing appropriate educational settings for their children. It would be the right way of ensuring students are on the right path to achieving successful careers in their life. Through the support of her husband, Dick DeVos, they have donated millions of dollars to sponsorship programs as well as funding various organizations advancing the need for quality education. The couple donates their funds through Dick and Betsy DeVos Family Foundation.

Betsy’s Personal Biography

Betsy DeVos’ mum was a school teacher and she played a critical role of developing her (Betsy) interest in education from an early age. Furthermore, while Betsy was growing up, many leaders in her home town were involved in the development of various projects to increase opportunities for students to access world-class education. It also offered parents more options of selecting the right schools to send their kids. For over a decade, Mrs. DeVos assisted students, parents and tutors through mentorship programs in Grand Rapids. She mainly helped at-risk students learning in public schools. Betsy received her BA degree from Calvin College. She is married to a politician, businessman and philanthropist Dick DeVos.

A Summary of Dick DeVos Life

Executive Career

Dick DeVos was born in 1955 as Richard Marvin DeVos. Richard DeVos is his father and is one of the richest people in the world with an estimated fortune of over 4billion dollars. He is married to Betsy DeVos.

 

Dick DeVos has spent many years working in different executive positions. He joined his father’s Amway Corporation in 1974 and rose to become one of its vice presidents in 1984. In this post, Amway Corporation explored new markets that led to the foreign sales exceeding the domestic sales something that had not happened before. The annual international sales increased from 5% in 1986 to 50% by the time he left the company in 1991.

 

DeVos rose to become the President and CEO of the Orlando Magic after his family bought the basketball franchise in 1991. However, he left the club in 1993 to rejoin Amway Corporation.

 

He succeeded his father to become the company’s president. He further expanded this business to 50 countries in different continents. In his last year as the President, Amway sales hit $4.5 billion. One of the most significant changes that took place during his presidency was restructuring of the Amway Corporation leading to the creation of Alticor. Job cuts marked the restructuring. DeVos served as the President of the company from 1993 to 2002 when he retired.

 

His managerial career didn’t end there. He joined The Windquest Group as its president in 2002. The group is an investment management company. The company has invested in technology and manufacturing sectors among others.

 

Political Life and Other Activities

 

DeVos has participated in some community initiatives. His initiative, the Education Freedom Fund gives scholarships to many needy students in Michigan. In 1990, he was elected to Michigan’s State Board of Education. In 2000, a joined an unsuccessful campaign to change the Michigan constitution to grant tax credits to voucher and tuition.

 

DeVos has participated in several Grand Rapids’ health care improvement programs, convention center, and heart hospital among others, as the chair/co-chair. These programs have been aimed at improving the community’s living conditions.

 

In 2006, he became the Republican gubernatorial candidate in Michigan State. Despite spending a significant amount of his money in the race, he lost to the Democrats candidate and incumbent governor Jennifer Granholm.

 

Other Achievements

 

DeVos is a graduate of Northwood University. He has been declared the National Champions sailor twice. He is also certified pilot of jet aircraft and helicopter. Dick is the writer of the “Rediscovering American Values,” which is the New York Times best-selling book. The book was published in 1997 and is offered in seven languages.