Jeff and MacKenzie Bezos create $2 billion fund to fight homelessness

Jeff Bezos has revealed how he plans to donate part of his fortune.The Amazon CEO and his wife, MacKe...

Posted: Sep 13, 2018 9:20 PM
Updated: Sep 13, 2018 9:20 PM

Jeff Bezos has revealed how he plans to donate part of his fortune.

The Amazon CEO and his wife, MacKenzie, will commit $2 billion to fund existing nonprofits that help homeless families and to create a network of preschools in low-income communities. They call their project the "Bezos Day One Fund."

Bezos tweeted a statement Thursday that the fund will issue annual leadership awards to organizations "doing compassionate, needle-moving work to provide shelter and hunger support to address the immediate needs of young families." There will also be full scholarships for Montessori-inspired preschools in "underserved" communities, he said.

Bezos, who also owns The Washington Post and space exploration company Blue Origin, became the world's wealthiest person this year, with an estimated net worth of $164 billion, according to Bloomberg.

Helping the homeless has also been a focus for Amazon. Earlier this year, the company partnered with the Seattle nonprofit Mary's Place to build a permanent homeless shelter in its headquarters. It previously helped the nonprofit temporarily house 200 homeless people. Since March 2016, Amazon customers have also been able to order items from the Mary's Place's wishlist on the site, such as diapers and socks.

Earlier this month, Bezos and his wife donated $10 million to With Honor, a nonpartisan organization and super PAC looking to boost the number of veterans in politics. The organization said the couple donated one third of its $30 million funding goal of helping to elect a minimum of 20 American military veterans in November.

In the past, Bezos has made political contributions, but not of this magnitude. In 2012, he donated $2.5 million to uphold Washington state's same-sex marriage law.

He has also been criticized for not contributing his fortune to philanthropy like other billionaires have, including Microsoft founder Bill Gates and Berkshire Hathaway's Warren Buffett. The Bill and Melinda Gates Foundation is a massive philanthropic initiative tackling issues such as infectious diseases and improving education.

In 2016, Bezos was asked if he planned to pursue philanthropy like Gates has. Bezos responded: "Yeah, if there's anything left after I finish building Blue Origin."

But then he changed his tune.

In a tweet last June, Bezos asked the public for ideas about where he should give his money. He said he was mulling a philanthropic strategy that is "the opposite of how I mostly spend my time."

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 33068

Reported Deaths: 2068
CountyConfirmedDeaths
Marion9524558
Lake3494175
Cass15897
Allen141966
St. Joseph122134
Hendricks114268
Hamilton113292
Elkhart110128
Johnson1092106
Madison58459
Porter50522
Bartholomew49034
Clark47941
LaPorte42022
Tippecanoe3823
Howard37824
Delaware37636
Jackson3721
Shelby36822
Hancock32727
Floyd31739
Boone30535
Morgan27724
Vanderburgh2592
Montgomery23417
White2308
Decatur22431
Clinton2221
Noble20421
Grant19721
Dubois1903
Harrison18921
Henry16910
Greene16824
Monroe16512
Warrick16528
Dearborn16521
Vigo1538
Lawrence15223
Miami1401
Putnam1357
Jennings1294
Orange12422
Scott1203
Ripley1106
Franklin1098
Kosciusko1011
Carroll933
Daviess8416
Steuben812
Marshall801
Newton7610
Wayne756
Fayette747
Wabash742
LaGrange682
Jasper661
Washington511
Jay490
Fulton471
Clay461
Rush452
Randolph453
Jefferson431
Pulaski410
Whitley383
Owen351
Sullivan341
DeKalb331
Brown331
Starke323
Perry280
Wells270
Benton260
Huntington262
Knox250
Tipton241
Crawford230
Blackford222
Parke190
Spencer191
Switzerland190
Fountain182
Posey160
Gibson142
Adams131
Ohio130
Warren121
Vermillion100
Martin90
Union80
Pike60
Unassigned0161
West Lafayette
Scattered Clouds
67° wxIcon
Hi: 77° Lo: 56°
Feels Like: 67°
Kokomo
Overcast
64° wxIcon
Hi: 73° Lo: 53°
Feels Like: 64°
Rensselaer
Overcast
59° wxIcon
Hi: 74° Lo: 52°
Feels Like: 59°
Fowler
Overcast
59° wxIcon
Hi: 74° Lo: 53°
Feels Like: 59°
Williamsport
Overcast
64° wxIcon
Hi: 76° Lo: 55°
Feels Like: 64°
Crawfordsville
Overcast
62° wxIcon
Hi: 75° Lo: 55°
Feels Like: 62°
Frankfort
Overcast
66° wxIcon
Hi: 74° Lo: 54°
Feels Like: 66°
Delphi
Broken Clouds
62° wxIcon
Hi: 75° Lo: 54°
Feels Like: 62°
Monticello
Broken Clouds
62° wxIcon
Hi: 74° Lo: 53°
Feels Like: 62°
Logansport
Overcast
64° wxIcon
Hi: 74° Lo: 53°
Feels Like: 64°
Cooler, less humid weather ahead by the weekend.
WLFI Radar
WLFI Temps
WLFI Planner

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events