Skip to main content

Jeff Bezos donates $123m to US homeless families

 The founder of Amazon, Jeff Bezos, is giving $123 million to organisations working to move homeless families into permanent housing, Bloomberg reports.

The Amazon founder announced on Instagram, Tuesday, that he has recently awarded 40 grants as part of his Bezos Day 1 Families Fund initiative, which he launched in 2018. The donations are part of a $2 billion total commitment to combat homelessness.

The latest charitable donations come one week after Bezos sat down in an exclusive interview with CNN and said he plans to donate the majority of his $124 billion net worth during his lifetime. He said he will devote the bulk of his fortune to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.

That marked the first time the billionaire announced plans to give away most of his money. Critics have previously chided Bezos for not signing the Giving Pledge, a promise signed by hundreds of the world’s richest people to donate the majority of their wealth to charitable causes.

But Bezos went beyond the Giving Pledge in CNN’s interview and said that giving away his wealth comes down to “figuring out how to do it in a levered way.”

“It’s not easy. Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hard-working teammates, and I’m finding — and I think Lauren is finding the same thing — that charity, philanthropy, is very similar,” he said.

“There are a bunch of ways that I think you could do ineffective things, too,” he added. “So you have to think about it carefully and you have to have brilliant people on the team.”

Last week Bezos and his partner, Lauren Sánchez, also made headlines for honouring Dolly Parton with their Courage & Civility Award, which comes with a $100 million grant to Parton to use towards her philanthropic efforts. Similar grants have gone to chef Jose Andrés, who has spent some of the money making meals for Ukrainians — and the climate advocate and CNN contributor Van Jones.

Following CNN’s interview with Bezos, his ex-wife, Mackenzie Scott, announced that she was donating another $2 billion to various organizations. Scott has given away nearly $4 billion to 465 organisations in the span of less than a year.

Jeff Bezos donates $123m to US homeless families (punchng.com)

Labels:

Comments

Post a Comment

Popular posts from this blog

FIVE (5) STEPS OF INVESTMENT PLAN FOR SMALL AND LARGE ENTERPRISES

   A well calculated investment plan is an important tool to help you reach your financial milestones . Investment planning is very important to succeed in your investing journey. Creating a viable investment plan shouldn’t be ignored before you decide to invest your money even though it requires a little more than simply establishing a savings account and buying a few random shares of stocks , it still prepare s you for the normal ups and downs of the market and take advantage of opportunities as th ey arise. Here are few essential steps to guide you invest wisely:         Step One The first step in making an investment plan for the future is to define your present financial situation. You need to figure out how much money you have to invest. You can do this by making a budget to evaluate your monthly disposable income after expenses and emergency savings. This will allow you to determine how much you can reasonably afford to invest. ...
Post a Comment
Read more

Augustine Eguavoen Did A Fine Job As Super Eagles Coach

  By now it is no news to any Nigerian sports fan, that Augustin Eguavoen and his entire team have been relieved of their duties at the helm of affairs of the Nigerian National team. Most Nigerians are happy with this development, with some claiming that his immediate predecessor, Gernot Rohr would have delivered better results. However, a simple analysis of events will clearly demonstrate that Eguavoen did a fine enough job given the circumstances. I will attempt to undertake this analysis by demonstrating, first that Eguavoen has a better record than one might realize, and secondly by comparing the performance of his Super Eagles with that of Afcon winners, Senegal, and runners-up Egypt. When Gernot Rohr was sacked a few weeks to the Afcon, knowledgeable sportspersons decried the move, citing the difficulty any new coach would face in setting up the team to play to his own patterns. In analyzing Eguavoen, therefore, it must first be understood that the new boss was operating unde...
Post a Comment
Read more

Diabetes: Neediness, obliviousness sending Nigerians to early grave - Specialists

 There is no refuting that the significant expense of diabetes treatment in Nigeria has prompted an expansion in the awkward and unnecessary passing of people living with the illness as of late. The expense of medications and examination of diabetes have represented an extraordinary test as more than two third of the number of inhabitants in the patients can't bear to purchase the medications and check themselves consistently which most times prompted confusions and, in some cases, passings. This was the situation of Racheal Utom, a 38-year-old woman who lost her passed on appendage to type 2 diabetes and was nearly losing the right a year later, because of her failure to stringently buy her medications and lead her examinations. Mrs Utom, who is engaging with diabetes mellitus, said the specialist told her a month prior that her five toes have been contaminated and right now rotted, yet they were making an effort not to remove the excess appendage. Utom, who uncovered that there w...
Post a Comment
Read more