United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Amazon’s Jeff Bezos Launches $2 Billion Fund to Combat Homelessness, Create Preschools

The Wrap Thursday, 13 September 2018
Amazon’s Jeff Bezos Launches $2 Billion Fund to Combat Homelessness, Create PreschoolsAmazon chief Jeff Bezos announced Wednesday he and his wife MacKenzie have committed $2 billion to launching a fund to help homeless families and create preschools in lower-income neighborhoods.

The investment will be split equally between financing existing organizations that combat homelessness and its new preschool initiative. The most important principle will “be genuine, intense customer obsession,” Bezos tweeted, where “the child will be the customer.” The “Day One Fund” takes its name from a favorite Bezos expression, with the 54-year-old exec always aiming to have a hungry, “day one” startup attitude.

“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,” Bezos said in his statement. “The vision statement comes from the inspiring Mary’s Place in Seattle: no child sleep behind.”

*Also Read:* Jimmy Kimmel Says Trump Hates Jeff Bezos Because Bezos 'Is Actually a Billionaire' (Video)

The announcement is the latest charitable donation from Bezos, after the Amazon co-founder has seen his net worth balloon to a staggering $150 billion in 2018. Last week he donated $10 million to a non-partisan group working to elect military veterans in the upcoming 2018 U.S. midterm election. Bezos also pledged $33 million for undocumented immigrants to attend college earlier this year.

The “Day One Fund” also launches amid mounting criticism of Amazon and Bezos. The e-commerce giant has battled with its hometown of Seattle over taxes, and has been lambasted by Sen. Bernie Sanders for paying its facility workers substandard wages — a claim Amazon has pushed back against.

*Related stories from TheWrap:*

New York Comic-Con Schedule: Amazon Brings Some 'Good Omens' to Madison Square Garden

Heidi Klum and Tim Gunn Exit 'Project Runway,' Team up for Fashion Reality Series at Amazon

Amazon's Jeff Bezos Donates $10 Million to Nonpartisan Group to Elect Veterans
0
shares
ShareTweetSavePostSend
 
Credit: CBS4 Miami - Published < > Embed
News video: Amazon's Jeff Bezos To Start $2 Billion Charitable Fund

Amazon's Jeff Bezos To Start $2 Billion Charitable Fund 00:28

Amazon founder and CEO Jeff Bezos, who is originally from South Florida, said Thursday that he is giving $2 billion to start a fund that will open preschools in low-income neighborhoods and give money to nonprofits that helps homeless families. Matt Yurus reports.

You Might Like


Recent related videos from verified sources

Amazon Behind The Label [Video]Amazon Behind The Label

If you are an investor, chances are you've heard of Amazon ... and even if you haven't jumped on the bandwagon of investing in the Amazon stock, well, then at one point you've shopped on Amazon.com to..

Credit: The Street     Duration: 01:08Published

Protesters Gather Outside Jeff Bezos' Washington Home Over Amazon's Relationship With ICE [Video]Protesters Gather Outside Jeff Bezos' Washington Home Over Amazon's Relationship With ICE

Protesters gathered outside the home of Jeff Bezos in Washington on July 16 to demand that Amazon end its relationship with US Immigration and Customs Enforcement (ICE). Activists have criticized..

Credit: Rumble     Duration: 00:53Published

This Day in History: Amazon Opens for Business [Video]This Day in History: Amazon Opens for Business

This Day in History: Amazon Opens for Business July 16, 1995 The brainchild of founder Jeff Bezos, the online retail behemoth began simply as an online bookseller. Named after the Amazon..

Credit: Wibbitz Top Stories     Duration: 00:58Published

On Prime Day New Yorkers tell Jeff Bezos to do better [Video]On Prime Day New Yorkers tell Jeff Bezos to do better

For Amazon Prime Day, a group of around 100 New Yorkers delivered petitions to the $80 million penthouse apartment of CEO Jeff Bezos. The petitions, signed by 275,000 people, demand broad change from..

Credit: Rumble     Duration: 00:32Published


Recent related news from verified sources

Jeff Bezos is worth over $160 billion — here's how the world's richest man makes and spends his money

Jeff Bezos is worth over $160 billion — here's how the world's richest man makes and spends his money
· *Amazon CEO, Jeff Bezos, is the wealthiest person in the world, with a net worth of over $160 billion.* · *He has five real estate investments and is one of...
Business Insider Also reported by •USATODAY.com

There's a super realistic action figure of Amazon CEO Jeff Bezos, and people are confused and creeped out by it (AMZN)

There's a super realistic action figure of Amazon CEO Jeff Bezos, and people are confused and creeped out by it (AMZN)
· A mobile shopping company recently sent an action figure of Amazon CEO Jeff Bezos to journalists, as The Verge reported. · The toy is highly detailed and...
Business Insider

Trump is Grumbling About Amazon’s $10 Billion Deal With the Pentagon and GOP Lawmakers Are Frustrated

A number of Republicans in Congress are urging President Donald Trump to not interfere in military contract negotiations with Amazon, saying delays “will only...
Mediaite


Other recent news in US

Five things to know about Robert MUELLER’s testimonyROBERT MUELLER Is Testifying Tomorrow. Here’s What You Need to Know.
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.