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World’s richest man in $2b charity move

Published : Saturday, 15 September, 2018 at 12:00 AM  Count : 87

Jeff Bezos

Jeff Bezos

WASHINGTON, Sept 14: Amazon founder Jeff Bezos, the richest person on the planet, announced Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial $2 billion.
Bezos made the announcement on Twitter a year after asking for ideas on how he could use his personal fortune -- now estimated at more than $160 billion -- for charitable efforts.
The "Bezos Day One Fund" created by Bezos and his wife MacKenzie will focus on two areas: helping "existing nonprofits that help homeless families" and funding "a network of new, nonprofit, tier-one preschools in low-income communities," he wrote.
Later, Bezos told a Washington gathering that the $2 billion was only a start and that he would likely expand his philanthropic efforts.
"I've seen small things get big and it's part of this 'day one' mentality," Bezos told an Economic Club of Washington dinner.
"The Day One foundation is going to be like that," he added, noting that the mission could evolve. "We'll wander a bit, too."
For the homeless, grants will be given to organizations "doing compassionate, needle-moving work to provide shelter and hunger support to address the needs of young families," Bezos said on Twitter.    -AFP







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