What Bezos’ Philanthropic Play Says About Big Giving Today
Amazon's founder recently announced the Day One Fund
The world’s richest man may be a bit late to the philanthropy game, but Jeff Bezos is starting out in a big way with a $2 billion fund that will help meet the needs of homeless Americans and fund a network of preschools in low-income communities.
Bezos, who is estimated to be worth $160 billion, took to Twitter on Thursday to announce the two-pronged Day One Fund. The Day 1 Families Fund will earmark money for nonprofits that provide food and shelter for homeless families. The Day 1 Academies Fund will launch an organization to operate full-scholarship Montesorri-style preschools, which it will run with “the same set of principles that have driven Amazon,” Bezos wrote. “Most important among those will be genuine, intense customer obsession.”
Bezos’ debut as a major philanthropist raises some interesting discussion points about the nature of philanthropy in 2018.
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