Amazon's CEO Starts $2 Billion Fund for Schools, Homeless

Amazon's CEO Starts $2 Billion Fund for Schools, Homeless

Amazon's CEO Starts $2 Billion Fund for Schools, Homeless

The Bezos Day One Fund will be made up of the Families Fund and the Academics Fund.

Within this, the Day 1 Families Fund will support existing non-profits that offer shelter and food to young 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. Amazon's Jeff Bezos attended a board meeting in pajamas to raise awareness about childhood cancer, which is the second leading cause of death in the U.S. between kids aged 4 and 14. Most important among those will be genuine, intense customer obsession. "In the caption, he wrote, "September is Childhood Cancer Awareness month", he further wrote that Amazon employees around the globe will be wearing pjs to work to show their solidarity and support to children suffering from the deadly disease".

In a tweet last June, Bezos asked the public for ideas about where he should give his money.

I want to close be thanking everyone who sent me suggestions, and for the inspiring examples of innovation I see every day, large and small.

While communities across the country earned looks from Amazon, the D.C. region has always been viewed as a favorite to earn Amazon's new headquarters after the company listed Northern Virginia, Maryland and D.C. among its 20 finalists in January.

Among the world's top tech CEOs, Bezos is not known for his philanthropy.

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

Some 184 of the world's wealthiest individuals and families, including Tesla's Elon Musk and the co-founders of Airbnb have joined The Giving Pledge, a commitment started by Gates and Buffett to give away at least half their wealth. While his and Amazon investors' wealth increases-and the company's market capitalization approaches $1 trillion-what makes the business so efficient is that relies on automation and low-priced labor.

Earlier this year Amazon played a pivotal role in diminishing and ultimately defeating a Seattle business tax to fund homelessness services and affordable housing. Earlier this year, the company partnered with the Seattle nonprofit Mary's Place to build a permanent homeless shelter in its headquarters.

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