Amazon's Jeff Bezos commits $2.7 billion to help homeless, pre-schools

14 September, 2018, 03:57 | Author: Tara Reeves
  • Sources News reports and announcements

He said the cash will also provide funding to launch and operate "a network of high-quality, full-scholarship" pre-schools in "underserved communities". The other part will launch and operate free preschools in low-income communities, where "the child will be the customer".

To raise awareness about childhood cancer, which is the second leading cause of death in the United States between kids aged 4 and 14, Amazon's Jeff Bezos wore pajamas to a meeting on Wednesday.

With a personal fortune of $163.8 billion, Amazon.com CEO Jeff Bezos had previously been largely invisible in the world of philanthropy.

Along with running Amazon the tech mogul owns space exploration company Blue Origin and the Washington Post newspaper.

Bezos, and Amazon, have been criticized in Seattle for not doing more to help the needy and have become focal points in the booming region's angry debate about traffic, housing prices and homelessness.

New Opal claims WNBA title with Seattle
In turn, they've forced Seattle to turn the ball over a combined 25 times so far and forced 15 turnovers in game two alone. Dan Hughes, 63, was lured out of retirement before the season to coach the Storm. "She truly was the MVP of this league".

A spokeswoman for Amazon did not offer further details on the new project. The Bezos Family Foundation, which is best known for its support of children's education, has been largely funded by his parents from Amazon holdings they acquired as early investors in their son's enterprise.

Helping the homeless has also been a focus for Amazon.

The private non-profit foundation in its 2016 tax filing reported almost $46 million United States in assets, and giving away $30 million USA in grants support its missions in early education, K-12 schools reform and youth leadership development and scholarships.

Bezos asked for suggestions for philanthropic focuses in a tweet previous year. As per the current Giving Pledge signatory, Bezos is not participating. But in the year since Amazon announced its intent to build a second headquarters in another North American city with room for up to 50,000 employees, the company's every move has been closely scrutinized in an effort to divine which city will win the extraordinary contest. In January, Bezos also personally gave $33 million USA in college scholarships for young immigrants living in the U.S. illegally.

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