Amazon’s Jeff Bezos unveils $2 bn fund for homeless, others

Mindy Sparks
September 13, 2018

The "Bezos Day One Fund" created by Bezos and his wife MacKenzie will focus on two areas: helping "existing nonprofits that help homeless families" and funding "a network of new, nonprofit, tier-one preschools in low-income communities", he wrote.

"We'll use the same set of principals that have driven Amazon", wrote Bezos of the preschool management.

Bezos solicited ideas on Twitter previous year for ways to donate some of his wealth.

"The Day 1 Families Fund will issue annual leadership awards to organizations and civic groups doing compassionate, needle-moving work to provide shelter and hunger support to address the immediate needs of young families", Mr Bezos said in a tweet.

The "Day 1 Academies Fund" will start an organization to operate a new network of full-scholarship pre-schools for low-income communities. Outside of that, Bezos and his family's known donations have included gifts to Princeton University and Seattle's Fred Hutchinson Cancer Research Center, according to the Chronicle of Philanthropy.

He has also been criticized for not contributing his fortune to philanthropy like other billionaires have, including Microsoft founder Bill Gates and Berkshire Hathaway's Warren Buffett. The vision statement comes from the inspiring Mary's Place in Seattle: no child sleeps outside. "Never have I been more comfortable at an Amazon board meeting!"

The private non-profit foundation in its 2016 tax filing reported almost $46 million United States in assets, and giving away $30 million U.S. in grants support its missions in early education, K-12 schools reform and youth leadership development and scholarships. Earlier this year, the company partnered with the Seattle nonprofit Mary's Place to build a permanent homeless shelter in its headquarters.

Jeff Bezos, Amazon chief and the world's richest person, attended a board meeting in pyjamas on Wednesday and shared the new look on Instagram. Bezos also plans to pay a visit to The Washington Post, which he owns.

Until now, Bezos has made only small initial steps into giving.

Other reports by Iphone Fresh

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