Jeff Bezos Pledges $2 Billion Toward Education and Homelessness

Pablo Tucker
September 14, 2018

On Twitter, he posted a screenshot of an announcement pledging to donate $2 billion to fund "existing non-profits that help homeless families, and [create] a network of new, non-profit, tier-one preschools in low-income communities".

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.

"Thank you so much for supporting kids like mine by advocating for childhood cancer funding!" wrote one person in the comments section.

The second will launch a network of "high-quality, full-scholarship" preschools in low-income communities, which a Day One Fund organization will directly operate.


Bezos's fortune comes mainly from his stake in Amazon, the diversified online firm which briefly hit $1 trillion in market value this month and is the second most valuable company after Apple.

Mr Bezos and Amazon have also faced criticism 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.

Another brought up the fact that Amazon strong-armed the Seattle city council to abandon the plan to tax the company in order to raise funds for tackling the mounting homelessness crisis. City leaders quickly rescinded the levy.

In 2016, Bezos was asked if he planned to pursue philanthropy like Gates has.


Bezos and his wife MacKenzie Bezos sit on the board of the Bezos Family Foundation, run by his parents. "The child will be the customer", he wrote in his post. Amazon warehouse employees are known to have very bad working conditions, pitiful wages, and have even been forced into homelessness after workplace injuries.

Mr Bezos solicited ideas on Twitter a year ago for ways to donate some of his wealth. In January, Bezos also personally gave $33 million USA in college scholarships for young immigrants living in the U.S. illegally.

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.


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