Jeff Bezos has revealed how he plans to donate part of his fortune.
The Amazon CEO and his wife, MacKenzie, will commit $2 billion to fund existing nonprofits that help homeless families and to create a network of preschools in low-income communities. They call their project the "Bezos Day One Fund."
Bezos tweeted a statement Thursday that the fund will issue annual leadership awards to organizations "doing compassionate, needle-moving work to provide shelter and hunger support to address the immediate needs of young families." There will also be full scholarships for Montessori-inspired preschools in "underserved" communities, he said.
Bezos, who also owns The Washington Post and space exploration company Blue Origin, became the world's wealthiest person this year, with an estimated net worth of $164 billion, according to Bloomberg.
Helping the homeless has also been a focus for Amazon (AMZN). Earlier this year, the company partnered with the Seattle nonprofit Mary's Place to build a permanent homeless shelter in its headquarters. It previously helped the nonprofit temporarily house 200 homeless people.
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30MagazineClip ago
low-income being the word for non-white. I doubt they are building preschools in poor small white towns. Some sort of political race division.
carmencita ago
There will be nothing for anyone. It's all fake. They will be using it to boost their trafficking. They set up a do good org. and it's a facade. Just like the Art Galleries and Museums. And all the other ones, Save the Children, Oxfam they are all compromised. They won't spend anything on the poor no matter what color. Or any of us either.
EffYouJohnPodesta ago
I have to drive through some pretty rough parts of town sometimes and the shelters are always full, with people always loitering on the streets. In one area I drive in, the nicest building and parking lot in the whole area is the Planned Parenthood. The parking lot is clean and full of expensive SUVs and Mercedes cars.
The second two nicest buildings are the Municipal Court building and the Probation office. The rest of the neighborhood is a complete crap hole.
They'll put nice stuff for the cops in those neighborhoods to make them comfortable, and they'll make the abortion clinics seem appealing and upscale. No pregnancy centers in that neighborhood to help poor women.
carmencita ago
Expensive Cars is a Red Flag at at PP. Who is driving up there, the Black Poor Women they are brainwashing with their lies? I don't think so. Possibly next time you could take a couple of License Nos. down. Something highly amiss there.