Jeff Bezos is donating money to fix a problem his company perpetuates

Share
Jeff Bezos is donating money to fix a problem his company perpetuates

The charitable fund will "focus on two areas", Bezos explained: "funding existing non-profits that help homeless families, and creating a network of new, non-profit, tier-one pre-schools in low-income communities".

Jeff Bezos, Chairman and CEO of Amazon, speaks at the George W. Bush Presidential Center's Forum on Leadership in Dallas, Texas, U.S., April 20, 2018.

The Amazon founder, the world's wealthiest person, offered detail on his philanthropic goals, announcing the Bezos Day One Fund, which will begin with an initial $2 billion. When Seattle passed a tax in May on large companies to fight the city's growing homelessness crisis, Amazon balked and even temporarily halted construction planning on a new high-rise building near its headquarters.

An Amazon spokesman didn't have details on who would run Bezos' new initiative, or where the group would be based. "In the caption, he wrote, "September is Childhood Cancer Awareness month", he further wrote that Amazon employees around the globe will be wearing pjs to work to show their solidarity and support to children suffering from the deadly disease".

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

The Bezos cash injection follows the philanthropic efforts of other billionaires including Microsoft's Bill Gates, who has donated tens of billions to his foundation.

"We will build an organisation to directly operate these schools".

Bezos asked for suggestions for philanthropic focuses in a tweet past year.

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 per the current Giving Pledge signatory, Bezos is not participating. Amazon's digital assistant Alexa has helped drive its hardware sales and is used on smart devices ranging from cars to refrigerators. The Seattle-based Bill and Melinda Gates Foundation as the world's largest private nonprofit foundation has an endowment worth over $40 billion USA and has long supported homelessness services for families in the city.

Share

Advertisement

Related Posts

Woodward: Trump 'detached from reality,' jeopardizes national security
At some points, Woodward writes , Porter stood as a critical voice to temper the president's whims. Yet the recording accomplishes a few things.

Putin MOCKS Britain over Novichok 2: 'We've FOUND THEM - they are civilians'
The two Russian men, who say they are both about 40, were identified last week as suspects by the British government. Russian Federation has repeatedly denied any involvement in the incidents.

Stop Saying that Serena Williams is a 'Victim'
Even the International Tennis Federation (ITF ), which stood by the judges, waited 48 hours before announcing a position. Speaking on ESPN , McEnroe backed Serena , who called the chair umpire Carlos Ramos as a " thief ".

Buy Nike on 'Stroke of Genius' Kaepernick Campaign: Canaccord
Any remaining products will be donated to Wounded Warriors and the Fraternal Order of Police, according to the release. A STATEMENT FROM OUR PRESIDENT REGARDING NIKE America has sacrificially given my family the freedoms we enjoy today.

IPhone XS shows that Apple is now Tim Cook’s company
It makes sense that Apple is now ditching the 6, as the firm typically limits its lineup to the three most recent generations. The price will start from RMB 6499 and is available in six colours - Yellow, White, Coral, Black, Blue and Red.

Time almost up: Fierce Hurricane Florence aims at Southeast - Story | WFLD
Because the storm was so strong earlier in the week, it built up a wall of water which will push inland as the storm surge. On Thursday morning, South 17th Street, usually teeming with commuter traffic by 6:30 a.m., was almost devoid of cars.

OnePlus 6T will not have a headphone jack
The earphones will be launched alongside the company's next device - expected to be called the OnePlus 6T - in the coming quarter. Along with a hint that its next flagship device will come with an in-display fingerprint sensor .

Tottenham had €50 million offer for Barcelona target Frenkie de Jong rejected
De Jong has been linked with Tottenham and Barcelona , but Wijnaldum has urged him not to rush things. They will also benefit from the rising interest in De Jong because it will drive up his value.

Pope summons bishops for summit on sex-abuse prevention
The meeting, scheduled for February 21-24, would assemble more than 100 churchmen to represent every bishops' conference. The report cited 301 priests , clergy and lay teachers with credible allegations of child sexual abuse against them.

Sam's Club Offers $100 Off iPhone Xs, iPhone Xs Max Buy
If you want a 2018 iPhone (and not the iPhone 8, 8 Plus or iPhone 7), you can keep a little more money in the bank. But hey! There's IP68 water resistance on offer here, and a new Gold color in addition to Silver and Space Gray.

© 2015 ExpressNewsline. All Rights reserved.