Jeff Bezos launches $2-billion fund to help homeless families, build preschools

“Never have I been more comfortable at an Amazon board meeting!” he wrote on Instagram

“Never have I been more comfortable at an Amazon board meeting!” he wrote on Instagram

MacKenzie and I share a belief in the potential for hard work from anyone to serve others. Business innovators who invent products that empower, authors who write books that inspire, government officials who serve their communities, teachers, doctors, carpenters, entertainers who make us laugh and cry, parents who raise children who go on to live lives of courage and compassion, and many more. The initiative 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.

Bezos, the wealthiest person on the planet, whose stake in Amazon is now worth about $160 billion, says he'll call it the Bezos Day One Fund. The fund will also launch and operate a network of high-quality Montessori-inspired preschools in underserved communities.

Its vision statement comes from Mary's Place, an emergency shelter in Seattle.

Mr Bezos, who operates the Blue Origin space rocket project and who owns the Washington Post newspaper, has given donations to a scheme to help the children of immigrants, cancer research, and Princeton University. I'm excited about that because it will give us the opportunity to learn, invent, and improve.

Median household income rises despite falling full-time earnings
Real median earnings of all male workers increased 3.0 percent in 2017 while the earnings of female counterparts stayed stagnant. Much of these gains in household income and workforce participation come as the economy's strength continues to climb in 2018.

To raise awareness about childhood cancer, which is the second leading cause of death in the USA between kids aged 4 and 14, Amazon's Jeff Bezos wore pajamas to a meeting on Wednesday. Citing the Amazon mantra of customer obsession, Bezos said in a tweet, "The child will be the customer". "Education is not the filling of a pail, but the lighting of a fire".

Adding fuel to the speculation fire, Amazon joined the Washington, D.C., Chamber of Commerce earlier this week.

It's good that Bezos understands that there is a poverty problem, but by throwing his money at third-party organizations-and not focusing on fixing the systemic income gaps his company creates-he is only further proving the point of those who critique the tone-deafness of tech billionaires.

The fund will be split between Day 1 Families Fund and Day 1 Academies Fund.

Latest News