Devos Releases Unprecedented Amount of Personal Financial Information

Home , Celebration on the Grand, Dick DeVos, Grand Rapids Art Museum, Grand Rapids Hotel, Grand Rapids Symphony, Helen DeVos

FOR IMMEDIATE RELEASE CONTACT: John Truscott MARCH 31, 2006 (517) 485-8404

DeVos releases unprecedented amount of personal financial information

Gubernatorial candidate Dick DeVos today released an unprecedented amount of personal financial information to demonstrate to voters that there clearly are no conflicts of interest or potential conflicts between his business holdings and state government.

Today’s released information demonstrates that Dick and Betsy DeVos have paid all taxes in full, have no conflicts of interest and are proven community leaders.

IRS data show that the average tax paid on income by Americans is 11.9 percent.

The top 1 percent of income earners (those with incomes over $1.05 million) paid an average of 24.31 percent.

Included in this document:

• In an unprecedented move, Dick DeVos included a list of all the

businesses in which he has an interest;

• A list of 449 charities to which DeVos has contributed; and

• This is a tremendous amount of detail; more than what would be provided

in a tax return.

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Taxes Paid in Full

The most recently filed tax return for Dick and Betsy DeVos is their 2004 return. (They must extend their tax returns each year due to information required from third-parties not being available by April 15.) The tax and income information below is based on their 1997-2004 tax returns:

o Dick and Betsy DeVos paid both Federal and Michigan income taxes every year during the past eight years. o The average Federal income tax rate on taxable income over the past eight years on the DeVos returns has been 17% on dividends and long-term capital gains and 37% on ordinary income and short-term capital gains. o The Michigan income tax rate over the past eight years on the DeVos returns has been the state’s income tax rate of 3.95% to 4.4%. o The income on the DeVos tax returns expressed as a percentage of total income over the same eight-year period of time has consisted of the following:

Alticor Dividends & Compensation 64% Income from Investments 36% Total Income 100%

The above information has been reviewed by Warner Norcross & Judd LLP and found to be consistent with the 1997-2004 tax returns.

IRS data show that the average tax paid on income by Americans is 11.9 percent. The top 1 percent of income earners (those with incomes over $1.05 million) paid an average of 24.31 percent.

No Conflicts of Interest

Dick DeVos has received no compensation from Alticor since 2004. Dick and Betsy DeVos are not aware of any business relationships or planned business relationships between any of the entities in this document and the State of Michigan with the exception of the hotel properties owned and controlled by Alticor and Activa Management LLC. These hotels do business with the State of Michigan from time to time consisting of the renting of hotel rooms and the providing of conference space and services on a rental basis.

- 1 - Dick and Betsy DeVos – Financial Disclosure March 31, 2006

Job Making Experience

Dick and Betsy DeVos have investment holdings that are owned by entities in which they have either a direct or beneficial ownership interest. These holdings include both “privately-held investments” (stocks and bonds of companies or investment funds, which securities do not trade on public stock exchanges) and “publicly-held investments” (stocks and bonds of companies or governmental authorities, which securities are traded on public stock exchanges).

The following assets represent individual investments in which Dick and Betsy DeVos have an investment interest as of December 31, 2005:

Companies in which Dick and Betsy DeVos along with other members of the DeVos family have controlling interests: o MVP Sportsplex-GR, LLC – Health club facilities in Grand Rapids, Michigan o Orlando Magic, Ltd. – NBA franchise in Orlando, Florida o Orlando Sportsplex, Ltd. – Multi-use health club and office facility in Orlando, Florida o RDV Corporation – The DeVos family investment management and family office in Grand Rapids, Michigan o Spout LLC – On-line DVD sales and marketing company located in Grand Rapids, Michigan o Windquest Companies, Inc. – Manufacturer of organization and storage systems located in Holland, Michigan o Windquest Group, Inc. – Investment holding company located in Grand Rapids, Michigan

Companies in which Dick and Betsy DeVos along with other members of the DeVos family have significant interest but less than full control: o Alticor Global Holdings Inc. – Ada, Michigan based parent company of Amway Corporation, Quixtar and Access Business Group o Activa Holdings LLC – Grand Rapids, Michigan based owner of West Michigan area real estate o Activa Management LLC – Grand Rapids, Michigan based operator of travel service, third party benefits provider, and a downtown Grand Rapids hotel franchise

Companies in which Dick and Betsy DeVos have an investment interest but no control: o Ownership interest in privately-held companies: o American Medical Instruments Holdings, Inc. – Dartmouth, Massachusetts based manufacturer of specialty medical supplies o Ampac Paper, Inc. and Ampac Plastics, Inc. – Cincinnati, Ohio based producers of packaging products o Cirrus Industries, Inc. – Duluth, Minnesota based manufacturer of general aviation aircraft o CorePharma, LLC – Middlesex, New Jersey based manufacturer of generic pharmaceuticals

- 2 - Dick and Betsy DeVos – Financial Disclosure March 31, 2006

o DentalCare Partners, Inc. – Cleveland, Ohio based provider of management services to affiliated dental practices o Focus Doors & Windows, Inc. – Longueil, Quebec, Canada based manufacturer of doors and windows o Hardwoods Unlimited Investors, LLC – Grand Rapids, Michigan based former processor of hardwood lumber products o Honsador Group LLC – Kapolei, Hawaii based wholesale building products distributor o Infiltrator Systems, Inc. – Old Saybrook, Connecticut based manufacturer of plastic septic chambers for underground wastewater products o K12 Inc. – McLean, Virginia based company which offers programs and instructional tools for parents and educators o Omniflight, Inc. – Addison, Texas based operator of air medical bases specializing in air transportation of patients to medical care facilities o OSI Group, LLC – Aurora, Illinois headquartered processor of beef, chicken and pork products o Renaissance Administration LLC – Indianapolis, Indiana based independent charitable planning service and administration provider o Ronald Blue & Co. LLC – Atlanta, Georgia based financial and investment consulting firm o West Michigan Baseball Ltd. Partnership – West Michigan based minor league baseball team (West Michigan Whitecaps)

o Debt holding of a privately-held company: Epic Development Group, LLC – a Grand Rapids, Michigan based developer of residential real estate

o Ownership interest in publicly-traded companies: o Apple Computer, Inc. (AAPL) – Cupertino, California based computer and music related products company o Berkshire Hathaway, Inc. (BRK.A) – Omaha, Nebraska based diversified investment holding company o Centennial Bancorp (CBHI) – Denver, Colorado based bank holding company o Fifth Third Bancorp (FITB) – Cincinnati, Ohio based bank holding company o First Community Bancorp (FCBP) – Rancho Santa Fe, California based bank holding company o Hanmi Financial Corporation (HAFL) – Los Angeles, California based bank holding company o Opteum, Inc. (OPX) – Paramus, New Jersey based real estate investment trust that invests in residential mortgage-related securities o State National Bancshares (SNBI) – Fort Worth, Texas based bank holding company o White River Capital (WRVC) – Indianapolis, Indiana based auto finance holding company

- 3 - Dick and Betsy DeVos – Financial Disclosure March 31, 2006

Investment Holdings Managed Funds and Accounts

In addition to the investments listed above, the Dick and Betsy DeVos family have invested with numerous investment managers and investment funds which independently manage their investments; Dick and Betsy DeVos do not control investment decisions of the managers or of the funds.

Investment Holdings Real Estate

Dick and Betsy DeVos have an ownership interest in various real estate properties:

Real estate redevelopment projects in downtown Grand Rapids, Michigan, which are managed by unrelated partners: o Cherry Street JV, LLC and CSL West Associates, LLC – Cherry Street Landing area o Michigan Street Development, LLC – Michigan Street hospital corridor

Other real estate holdings: o Ada Holdings, LLC – Land in Ada, Michigan o DBD Properties, LLC; Windy Hill, LLC; and property held personally – Properties in Ada, Michigan; Grand Haven, Michigan; and Vero Beach, Florida o Fountawa, LLC – Office building in downtown Grand Rapids, Michigan used by RDV Corporation and unrelated tenants o Fox Property Holdings, LLC; GR Group, LP; and RDV Cape Eleuthera, Ltd. – Resort property under development on Eleuthera Island, Bahamas o RDV Corporation – Office building in downtown Grand Rapids, Michigan used by RDV Corporation, Windquest Group, Inc., and unrelated tenants o Lakeshore Dunes, LLC – Land in Arcadia and Laketown Township, Michigan

Residential real estate: o Primary residence in Ada, Michigan o Homes in Holland, Michigan; Harbor Springs, Michigan; and Vero Beach, Florida o Partial interest in a home in Snowmass, Colorado

- 4 - Dick and Betsy DeVos – Financial Disclosure March 31, 2006

A Committed Community Builder

Dick and Betsy DeVos have made charitable contributions to numerous organizations both personally and through the Dick and Betsy DeVos Foundation. A listing of the 449 organizations which received gifts in the years 1997 through 2005 is provided below:

A Baby's Prayer Foundation Ave Maria School of Law Children First America Act One, Inc Baptists for Life Children's Leukemia Foundation Acton Institute For The Study of Battle Creek Christian School of Michigan Religion and Liberty Baxter Community Center Children's National Medical Ada Christian School Becket Fund Center Ada Congregational Church Belvedere Cove Foundation Children's Scholarship Fund Ada Township Best Friends Foundation Children's Sonshine Network Alliance for School Choice Bethany Christian Services Choices for Children Alpha Women's Center, Inc. Bethel Pentecostal Church Christ Centered Homes, Inc. Alternative Directions Big World Ventures, Inc. Christ Church Alternatives Women's Care Black Alliance for Educational Christel House Academy, Inc. Center Options Christian Action Research and Amateur Athletic Union Black Educational Excellence Education American Autoimmune Related Program Christian Counseling Center Diseases Association Blodgett Butterworth Health Christian Learning Center American Cancer Society - Care Foundation Christian Reformed Home Great Lakes Division, Inc. Boy Scouts of America, Gerald Missions American Cancer Society- R. Ford Council Christian Reformed World Orlando Metro Unit Boys & Girls Club of America Missions American Center of Oriental Boys & Girls Club of Greater Christian Reformed World Research Holland Relief Committee American Council of Young Boys Towns of Italy, Inc. City Vision, Inc. Political Leaders Broadway Theatre Guild Civics Institute American Diabetes Association Byron Center Christian School Close Up Foundation - National Byron Center Fine Arts Community Empowerment American Enterprise Institute Foundation Project for Public Policy Research California International Sailing Community Foundation of the American Family Hope Association Holland/Zeeland Area American Heart Association - Calvary Baptist Schools Community Youth Connection, Midwest Affiliate Calvary Church Inc. American Heart Association - Calvin College Compass Academy (Compass Michigan Affiliate, Inc. Calvin Theological Seminary Arts) American Legion Camp Tall Turf Competitive Enterprise Institute American Red Cross, West Campus Crusade for Christ Conductive Education & Central Michigan Catholic Charities USA Rehabilitation Center of Americans United for Life Catholic Human Development Michigan, Inc. Ann Arbor Christian School Outreach Corn Heritage Village Center Aquinas College Catholic Secondary Schools Cornerstone Schools Arthritis Foundation - West Catholic Social Services Association Michigan Region Celebration on the Grand Cornerstone University Arts Council of Greater Grand Center for Individual Rights Council for National Policy Rapids, Inc. Center for Military Readiness Council of Michigan ArtWorks Chamber Choir of Grand Rapids Foundations Aspen Valley Ski & Snowboard Character Resources of Country Cares for Kids Club, Inc. Michigan Covenant House Association for the Blind and Cherry Street Health Services Covenant House Michigan Visually Impaired Child Abuse and Neglect Center Covenant Life Church Ave Maria College of Oakland County Criminal Justice Chaplaincy

- 5 - Dick and Betsy DeVos – Financial Disclosure March 31, 2006

Crooked Tree Arts Council, Inc. Friends of the Americas Grand Traverse Regional Cure International, Inc. Frontiers of Freedom Community Foundation Dana Farber Cancer Institute Gerald R. Ford Foundation Grand Valley State University Dave Dravecky's Outreach of Gereja Kristen Jawa Jakarta Grand Valley University Hope Church Foundation Davenport University Gerontology Network Services Grandville Avenue Arts & Dead Sea Scrolls Foundation, of Kent County Humanities, Inc. Inc. Good News Communications Greater Educational Deaf Opportunity Outreach Good Samaritan Ministries Opportunities Foundation Degage Ministries Goodwill Industries of Greater Grove City College Detroit Symphony Orchestra Grand Rapids, Inc. Habitat for Humanity - Direct Selling Education Gospel Communications Lakeshore Foundation International Habitat for Humanity - Dove Foundation Grace Centers of Hope Shiawassee County Dream for Africa Grace Christian Reformed Habitat for Humanity of Greater Drug Free America Foundation Church Albion Dwelling Place of Grand Rapids Grace Youth Camp & Retreat Habitat for Humanity of Kent Eastern Avenue Christian Center County Reformed Church Grand Action Foundation Habitat for Humanity of Economic Club of Detroit Grand Haven Area Community Michigan Edison Institute Foundation, Inc. Haggai Institute Education Freedom Fund Grand Horizons Foundation Harbor House Ministries Ele's Place (Bright Horizons) Haven Christian Reformed English Language Institute/ Grand Rapids Area Chamber of Church China Commerce Health Intervention Services Evangelistic Commerce, Inc. Grand Rapids Art Museum Helen DeVos Children's Evergreen Commons Grand Rapids Ballet Co. Hospital Foundation Faith Temple Word of Faith Grand Rapids Chamber Heritage Foundation Outreach Foundation (Silent Observer) Hillsdale Conservative Alliance Faith, Inc. Grand Rapids Children's Hispanic Center of Western Families Northwest Museum Michigan, Inc. Family Life Center Grand Rapids Christian High Holland Christian Education Family Outreach Center School Society Family Research Council Grand Rapids Christian School Holland Community Hospital Family Resource Network, Inc. Association Holland Education Foundation Federalist Society for Law & Grand Rapids Civic Theatre Holland Home Public Policy Studies Grand Rapids Community Holland Rescue Mission Fellowship of Christian Athletes College Holy Family Oratory of St. Ferguson-Blodgett Foundation Grand Rapids Community Philip Neri, Inc. Fight for Children, Inc. Foundation Holy Redeemer Roman Catholic First Presbyterian Church Grand Rapids Economic Club Church Flannel Charitable Foundation Home Repair Services of Kent Florida P.R.I.D.E. Grand Rapids Griffins Youth County Inc. Florida School Choice Fund, Foundation Hope College Inc. Grand Rapids Opportunities for Hope Network Foundation Focus Hope Women Hope Summer Repertory Focus on the Family Grand Rapids Rowing Club Theatre Foodbank Council of Michigan, Grand Rapids Student Hospice of Holland, Inc. Inc. Advancement Foundation Hospice of Michigan in Grand Foundation Conferences Inc. Grand Rapids Symphony Rapids Foundation for American Grand Rapids Wheelchair Sports Hospice of Naples, Inc. Renewal Association Hudson Institute Foundation for Traditional Grand Rapids Youth Boxing Hugh Michael Beahan Values Foundation Foundation Frederik Meijer Gardens Grand Rapids Youth Immaculate Heart of Mary Freedom Baptist Schools Commonwealth, Inc. Indian River Hospital Freedom Foundation Foundation, Inc.

- 6 - Dick and Betsy DeVos – Financial Disclosure March 31, 2006

Indian Trails Camp Lifequest Group Multiple Sclerosis Society - Inner City Christian Federation Lions of Michigan Service Michigan Chapter Institute for Excellence in Public Foundation, Inc. Munson Medical Center Education, Inc. Lithuanian Scouts Association Muscular Dystrophy Institute For Justice Little Star, Inc. Association Institute for Marriage and Public Little Traverse Conservancy Muskegon County Community Policy Love and Respect Ministries, Foundation Interdev Inc. National Center for Policy International Aid, Inc. Macatawa Bay Junior Analysis International Justice Mission Association National Center on Addiction International Republican Mackinac Center for Public and Substance Abuse at Institute Policy Columbia University International Service Fellowship Man in the Mirror, Inc. National Constitution Center InterVarsity Christian Maple Avenue Ministries National Council of Catholic Fellowship Mars Hill Bible Church Men James Madison Center for Free Mastermedia International National Day of Prayer Task Speech McKee Botanical Garden Force John F. Kennedy Center for the MD Anderson Cancer Center - National Fatherhood Initiative Performing Arts University of Texas National Foundation for Johns Hopkins Medicine Media Research Center Transplants, Inc. Johns Hopkins University Meet Grand Rapids National Kidney Foundation of Joni and Friends Ministries Mel Trotter Ministries Michigan Joy of Jesus, Inc. Michigan Association of National Multiple Sclerosis Jubilee Jobs, Inc. NonPublic Schools Society Jubilee Ministries, Inc. Michigan Association of Public National Relief Network, Inc. Junior Achievement of the School Academies National Symphony Orchestra Michigan Great Lakes, Inc. Michigan Black Expo Inc. Association Justice Foundation Michigan Christian Citizens New Era Christian School Juvenile Diabetes Research Alliance New Focus National Foundation-West Michigan Michigan Family Forum New Hope Church Kalamazoo Christian School Michigan Humane Society New Urban Learning Association Michigan Humanities Council North American Mission Board Karmanos Cancer Institute Michigan Parkinson Foundation North Hills Classical Academy Kendall College of Art and Michigan School Board Leaders Northern Michigan Christian Design Association School Association Kent County Literacy Council Michigan State University Northpointe Christian Schools Kent County Medical Society Michigan State University - Northwestern Memorial Alliance Michigan Political Hospital Kent County Parks Foundation Leadership Program Northwood University (Millennium Park Project) Michigan Veterans Foundation Oakdale Neighbors KeyStone Community Church Michigan Youth Challenge Of the People Kids Hope USA Mid-Michigan Visiting Nurse Open Arms Community LaGrave Avenue Christian Association Development Associates Reformed Church Millbrook Christian Reformed Opera Grand Rapids Lake Michigan Academy Church Operation Smile Lake Worth Christian School Milton & Rose D. Friedman Orlando Magic Youth Lakeshore Pregnancy Center Foundation Foundation LaSalle Firefighters Association Mission Possible P & R Schenck Associates in Laura Bush Foundation for Mission to the World Evangelism America's Libraries Mississippi Hurricane Recovery Pan Massachusetts Challenge Law and Organizational Fund Parents Challenge Economics Center Moms in Touch International Partners Worldwide (Partners Leukemia & Lymphoma Society Mothers Without Borders for Christian Development) - Illinois Mourning Joy Ministries Partnership for Learning Leukemia Society of America Multiple Sclerosis Society - Pathfinder Resources Library of Congress Gateway Chapter Pediatric and Adult Asthma Life Services System Network of West Michigan

- 7 - Dick and Betsy DeVos – Financial Disclosure March 31, 2006

(Kent County Pediatric Senior Neighbors, Inc. United States Holocaust Asthma Network) Snow Bible Church Memorial Museum Pensacola Christian College South East Economic United Way - Heart of West Pepperdine University Development (SEED) Michigan Petoskey Harbor Springs Area Southeastern Legal Foundation United Way of Indian River Community Foundation Southside Vineyard Fellowship County, Inc. Pine Rest Christian Mental Church University Musical Society Health Services Southwest Michigan First University of Michigan Pine Rest Foundation Corporation Urban Institute for Pioneers, Inc. Sparrow Foundation Contemporary Arts Plymouth Christian Academy Spring Arbor University Van Andel Institute Plymouth Heights Christian Spring Hill Youth Camp Very Special Arts Michigan Reformed Church St. Cecilia Music Society Veterans Council of Indian Porter Hills Presbyterian Village St. Joseph Mercy Hospital River County Power Plant Neighborhood St. Jude Children's Research Vietnam Revisited Learning Center Hospital Visiting Nurse Association of Pray America Stephen's Children Foundation West Michigan Pregnancy Resource Center Storytelling Pictures Volunteers In Service Pregnancy Services of Greater Sundance Institute Wedgwood Christian Services Lansing Sweet Dreamzzz, Inc. Western Theological Seminary Princeton University - James Temple Beth El William Tyndale College Madison Program That the World May Know Willow Creek Association Prison Fellowship Ministries Willow Creek Community Project Concern International The Gathering Church Project Rehab The J.C. & Frankie Watts Women's Resource Center Promise Keepers Foundation Woodrow Wilson International Public Museum Foundation of The Other Way Ministries Center for Scholars Grand Rapids The Philanthropy Roundtable Word Investments, Inc. Reciprocal Language The Potter's House World of Hope Foundation Partnership The Right Place World Vision Reformed Bible College The Ronald Reagan Presidential Worldwide Christian Schools Rehoboth Christian School Foundation Yankee Springs Township Park Relevate Group, Inc. The Salvation Army - Grand Yeshiva Beth Yehudah Resthaven Patrons, Inc. Rapids Foundation Ridge Point Community Church Thomas More Law Center YMCA, Grand Rapids Right to Life of Michigan Thunderbird, The Garvin School Downtown Educational Foundation of International Management YMCA, Grand Rapids Robertson School of TimeOut Ministries Metropolitan Government Toward Tradition Young Life - La Salle St. Roosevelt Park Ministries, Inc. Trinity Christian School Young Life - National Office Russell Kirk Center for Cultural Tri-Unity Christian School Young Life Greater Grand Renewal True Faith Church, International Rapids Ryerson Library Foundation Truth for Life Youth for Christ Safe Haven Ministries Truth Triumphant, Inc. Youth for Christ - Grand Rapids Saint Mary's Catholic Church U.S. Sailing Association, Inc. Area School Choice Wisconsin, Inc. U.S. Sailing Foundation Youth for Christ - Rockford School of Missionary Aviation United Negro College Fund Youth Ministry International Technology United States Central Command Zeeland Christian School Senior Meals Program Memorial Foundation

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