The fundraising campaign by the John F. Kennedy Center for the Performing Arts exceeded its goal for the intended expansion project. However, rather than finishing the campaign, the target has been increased by $50 million. According to a press release by the Kennedy Center, the campaign has raised $135.9 million for the project. The project comprises of a riverfront pavilion and a pedestrian bridge that connects the Kennedy Center with the pavilion. It also includes a big expansion of the Kennedy Center with three pavilions, office and dining space, in addition to educational and rehearsal spaces. The campaign was established in 2013 with the aim of raising $125 million. $100 million was for expansion with the rest meant for programming initiatives. Multiple changes have been made to the original design due to a rigorous scrutiny by the federal planning agencies. That has raised the cost for construction to $119.5 million. Among the donors of the plan include David Rubenstein, the co-founder of Carlyle Group and the chair of the Kennedy Center’s board of trustees. He donated $ 50 million in 2013. The Boeing Co. donated $ 20 million. Jacqueline Mars, Stephen as well as Christine Schwarzman donated $10 million. Several family foundations including the Robert H. Smith Family Foundation gave $5 million. The Dick and Betsy DeVos Family Foundation donated $1 million.
About Dick DeVos
Dick DeVos is a Michigan based businessman. The former CEO of Amway is the president of the Dick and Betsy Foundation that donates to educational, artistic, community, and civic organizations. It serves as a means for partner groups that position both the local and global communities for development. The foundation was created in 1989. Beneficiaries of the foundation comprise of the West Michigan Aviation Academy and Kids Hope USA. It also comprises of the Regional Alliance of West Michigan, the Helen DeVos Children Hospital, the Thunderbird School of Global Management, and Mars Hill Bible Church. Additionally, it has also supported the Education Freedom Fund, Children First America, Davenport University, and Princeton University.
Dick DeVos graduated from the Forest Hills Public Schools as well as the Northwood University. He joined the Amway Corporation in 1974. Dick held several positions within the company. In 1984, Dick became the vice president of the company. He led the company in its expansion to 18 countries. Additionally, Dick became the CEO and president of the Orlando Magic in 1991. Subsequently, he led Amway to unprecedented sales and profitability after returning as president in 1993.