Sunday, 18 November, 2018

Amazon's Jeff Bezos commits $2 billion to help homeless, pre-schools

Amazon CEO Jeff Bezos Amazon CEO Jeff Bezos
Edmund Robinson | 14 September, 2018, 12:14

Bezos and his wife, MacKenzie, pledged $US2 billion on Thursday for a new fund to start preschools and help homeless families.

Amazon chief Jeff Bezos is putting $2bn (£1.5bn) into a charitable fund he has established to help the homeless and set up a new network of schools. An Amazon spokesperson confirmed that the money will all come from Bezos, though there are few details about how the fund will operate.

The Bezos Day One Fund will issue annual awards to organizations that are doing "compassionate, needle-moving work" to shelter and support the immediate needs of young families, the billionaire announced in a blog post Thursday. Forbes magazine placed him at the top of its list of billionaires for the first time this year, surpassing Microsoft co-founder Bill Gates and investor Warren Buffett.

He also operates the private space exploration firm Blue Origin and owns The Washington Post.

While communities across the country earned looks from Amazon, the D.C. region has always been viewed as a favorite to earn Amazon's new headquarters after the company listed Northern Virginia, Maryland and D.C. among its 20 finalists in January. City leaders quickly rescinded the levy. "So when someone like Jeff Bezos admirably steps into the area of giving, it's helpful but we also have systematic problems in wages and labor, healthcare and education, that need to be addressed at the root". The vision statement comes from the inspiring Mary's Place in Seattle: no child sleeps outside. Bezos was in town with his parents, who run the Bezos Family Foundation.

Jeff Bezos, founder of Amazon and owner of the Washington Post newspaper, warned Thursday (Sep 13) that President Donald Trump's attacks on media are unsafe for the country.




Sawant is referring to the Seattle head tax that the Seattle City Council adopted and then repealed a month later.

And taking a look at social media, it's not Bezos alone.

More than a year ago, Bezos posted to Twitter a request for suggestions on philanthropic initiatives created to make a difference in the short term.

Last year, he donated $33 million to fund scholarship for "dreamers", the name given to undocumented children of immigrants who face legal obstacles in attending college or university.

"As an individual commitment, $2 billion is pretty high but it's not in the league of a Bill & Melinda Gates Foundation", which past year had a $50.7 billion endowment, said Kyle Caldwell, executive director of the Johnson Center for Philanthropy at Grand Valley State University in Grand Rapids, Michigan.

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