Jeff Bezos awards 40 grants worth $123 million to tackle homelessness

jeff bezos is manufacture his first donation amazon The founder last week pledged to donate most of his net worth, Estimated at $116 billion.

Tuesday, Bezos’ first day fund Announce The $123 million in grants to 40 organizations across the U.S. The fund said it hopes the donations will “help families move from homeless homelessness and shelters to permanent housing and provide the support they need to achieve stability.” services.” The Day One Fund, launched in 2018, is Bezos’ $2 billion pledge to help homeless families and build preschools in low-income areas.

Bezos vows to give away most of his fortune with girlfriend Lauren Sanchez CNN interview November 12th. At the time, neither Bezos nor Sánchez specified where they planned to donate the money.

billionaire philanthropy

Bezos has been slower to announce philanthropic plans than other billionaires, such as Microsoft Founders Bill Gates and Berkshire Hathaway Chairman Warren Buffett.

gates earlier this year Commitment Donating “nearly all of my wealth” to the Bill & Melinda Gates Foundation and pledging to “move down the list of the world’s richest people and eventually leave”.

Bezos hasn’t signed yet donation pledgewhich is where hundreds of the world’s richest people pledge to give away most of their wealth during their lifetimes.

Bezos did make one of the largest donations of 2020: $10 billion pledge Fighting climate change for over 10 years. Bezos and Sanchez have also donated to other philanthropists, most recently donating $100 million to Dolly Parton, earmarking the singer’s own philanthropy. “We couldn’t think of a better person to present this award to Dolly,” Sanchez explained CNN November 12.

in his CNN In the interview, Bezos tried to explain his slower approach, suggesting he wanted to make sure the money was being used “leveraged.” The Amazon founder added that there are “many ways…you can do things that don’t work” with large donations.

Days after Bezos’ interview, Mackenzie Scott, the world’s richest woman and ex-wife of the Amazon founder, announced Moderate She donated $2 billion to nearly 350 organizations in just seven months.

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