#bezos foundation

Jeff Bezos praises Cuban immigrant father Miguel Bezos

Jeff Bezos praises Cuban immigrant father Miguel Bezos | Fortune You need to enable JavaScript to view this site. Source link

BREAKING NEWS:

More than a year after putting out an open call for suggestions about what to do with his spectacular wealth, Jeff Bezos has come back with a decision. The Amazon founder, the world’s wealthiest person, said Thursday on Twitter that he and his wife, MacKenzie, would commit $2 billion to fund existing nonprofits working with homeless families and to create a network of nonprofit preschools in low-income communities. The initiative, national in scope, will be called the Bezos Day One Fund, borrowing from Amazon’s corporate mantra to approach tasks with the initiative of a startup’s first day. The Day 1 Families Fund will make annual awards to organizations “doing compassionate, needle moving work to provide shelter and hunger support to address the immediate needs of young families,” while the Day 1 Academies Fund will start and operate a network of “full-scholarship, Montessori-inspired preschools in underserved communities,” Bezos said. An Amazon spokesman didn’t have details on who would run Bezos’ new initiative, or where the group would be based. The $2 billion, he said, is a starting point. The structure of Bezos’ new philanthropic push is still coming into focus, and some leaders in the Seattle-area homeless services community were caught by surprise, only learning of the move via his tweet...