Jeff Bezos Pledges $2 Billion Toward Education and Homelessness

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It seems that Bezos is attempting to quell that chatter as he announced the launch of the Day One Fund in order to start preschools and assist homeless families.

The Day 1 Academies Fund will launch and operate a network of high-quality, full-scholarship, Montessori-inspired pre-schools in low-income and underserved communities, he said.

Bezos, whose stake in Amazon is worth about $160 billion U.S., says that he'll call it the Bezos Day One Fund. "Most important of those will be genuine, intense customer obsession". "September is Childhood Cancer Awareness month", he wrote saying Amazon employees around the globe will be wearing pjs to work to show their solidarity and support to children suffering from the deadly disease.

More than a year ago, Bezos posted to Twitter a request for suggestions on philanthropic initiatives created to make a difference in the short term. In the summer of 2017, Bezos tweeted a request from the masses for philanthropic ideas "at the intersection of urgent need and lasting impact".

Bezos thanked people for sending in suggestions about what he should spend money on.

Amazon has said the senator's statements about the company are "inaccurate and misleading". He has not signed on to the Giving Pledge, and the Bezos Family Foundation is reportedly run by his parents; Bezos does not play an active role.

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"The answer is very simple", Bezos told David Rubenstein, the president of the Economic Club, when asked about the topic.

Gates did not fully throw himself into philanthropy until he stepped down as CEO of Microsoft in 2000.

Zuckerberg, 34, and his wife Priscilla Chan said in 2015 that they planned to give away 99 per cent of their Facebook stock.

Earlier this year Amazon played a pivotal role in diminishing and ultimately defeating a Seattle business tax to fund homelessness services and affordable housing.

The Amazon chief's wealth has become problematic for some. In 2016, it renovated a vacant hotel on land designated for its new headquarters so it could be used temporarily by the nonprofit group Mary's Place to give shelter to 200 homeless families. Amazon is designating 47,000 square feet of space at its new corporate office for a permanent Mary's Place shelter.

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