World's richest person Jeff Bezos commits $2bn to help homeless, pre-schools


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".

Bezos said early childhood education is a critical area and that "the money spent there is going to pay big dividends for decades".

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.

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

Bezos's wealth has allowed him to pay for side ventures, including starting space exploration company Blue Origin and buying the Washington Post newspaper. I'm going to need a few answers first.

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. City leaders quickly rescinded the levy. "But we're going to make a final pitch".

The Bezos Family Foundation, best known for supporting children's education, has been largely funded by his parents from Amazon holdings they acquired as early investors in their son's enterprise.

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"He's a pretty awesome neighbour, him and [his wife] MacKenzie", said Mary's Place director Marty Hartman.

We will build an organization to directly operate these preschools.

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. "It's okay. It's part of the process", Bezos said.

Last year, he donated $33 million to fund scholarship for "dreamers", the name given to undocumented children of immigrants who face legal obstacles in attending college or university.

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. The Seattle-based Bill and Melinda Gates Foundation as the world's largest private nonprofit foundation has an endowment worth over $40 billion United States and has long supported homelessness services for families in the city.

It has also won tax breaks in many areas for its warehouses and distribution centers, and has been running a highly publicized effort for a second North American headquarters, prompting proposals for tax reductions and incentives.