Billionaire Jeff Bezos is donating $123 million to fight homelessness

Billionaire Jeff Bezos gives away $123 million to fight homelessness

The co-founder of Amazon with a net worth of $115 billion, the fourth richest man in the world donated $123 million to organizations to move the homeless to permanent homes.

The grants to 40 groups in 26 US states and Puerto Rico, ranging from $600,000 to $5 million are the latest and largest awards from Bezos’ Day One Fund, which was established in 2018.

According to the Day One Fund, the donations are effective immediately and are part of a $2 billion total commitment to fight homelessness.

The foundation has made a $2 billion commitment to focus on making meaningful and lasting impacts in two areas: funding existing non-profits that help families experiencing homelessness, and creating a network of new, non-profit tier-one preschools in low-income communities.

Earlier this month: The commitment to fight homelessness is his second charitable donation this month. Bezos has previously said he plans to give away most of his fortune during his lifetime, with most of his philanthropy focused on fighting climate change and supporting those seeking to unite others. He gave Dolly Parton – the music legend who is the most recent recipient of his Courage and Civility award $100 million to direct to any charity of his choice.

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Why Bezos is donating his money: The fourth richest man in the world announced for the first time in an interview with CNN that he plans to donate his money to people and charities that bring people together and help heal deep social and political divides. division. Over the years, he has largely remained on the philanthropy sidelines and has been criticized for not signing the Giving Pledge, a promise by many of the world’s richest people to donate most of their wealth to charitable causes and other Philanthropic Gestures.

Bezos’ charity: Forbes estimates that Bezos donated more than $2.4 billion to charity during his lifetime.

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  • He committed a total of $10 billion to his own climate nonprofit, the Bezos Earth Fund, by 2020. As of November 2021, the fund has given away nearly $1 billion of that total.
  • Last year, he launched the annual Courage and Civility Award of $100 million that he gives to a recipient to distribute to the charities of their choice. He recently gave the award to the legendary singer Dolly Parton.
  • He previously gave the same amount to chef Jose Andres, whose World Central Kitchen feeds people in disaster-stricken areas, and Van Jones, climate activist and CNN contributor.


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