December 2, 2022

Jeff Bezos announces 40 grants totaling $123 million to combat homelessness

2 min read





CNN

Jeff Bezos Today, he lives up to his promise to give away the majority of his $123 million fortune.

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

The latest charitable donations come a week after Bezos took office. Exclusive interview with CNN And said he plans to donate most of his $124 billion net worth during his lifetime. He said he would dedicate the bulk of his fortune to fighting climate change and helping those who can unite humanity in the face of deep social and political divisions.

It marked the first time the billionaire announced plans to give away most of his money. Critics have previously criticized Bezos for not signing the Giving Pledge, in which hundreds of the world’s richest people pledge to donate most of their wealth to charity.

But Bezos went beyond the giving pledge in a CNN interview, saying that giving away his wealth is “a matter of figuring out how to do it.”

“It’s not easy. It wasn’t easy to build Amazon. It took a lot of hard work, a bunch of really smart teammates, hard-working teammates, and I’m looking for — and I think Lauren is looking for the same thing. has been — that charity, philanthropy, very similar,” he said.

“There’s a lot of ways I think you can do things that are ineffective,” he added. “So you have to think about it carefully and you have to have great people in the team.”

Last week, Bezos and his partner Lauren Sanchez also made headlines for the honor Dolly Parton with her Courage and Solitude Award, which comes with a $100 million grant for Parton to use for her philanthropic efforts. Similar grants have gone to chef Jose Andres, who has spent some of the money cooking for the people of Ukraine — and climate advocate and CNN contributor Van Jones.

After a CNN interview with Bezos, his ex-wife Mackenzie Scott announced that she was donating another $2 billion to various charities. Scott has almost given up. 4 billion dollars to 465 organizations In less than a year.

Organizations Bezos is funding in this round of grants include The Salvation Army, Denver Metro Area, Mother Nation: Honoring the Beauty and Strength of Native Families in Seattle and the Homeless Coalition in Oklahoma City.

The Bezos Family Fund has awarded more than $520 million in grants to 167 organizations across the United States, according to a press release for the organization.

“With these funds, the organizations will continue their compassionate, hands-on work to help transition families from extreme homelessness and shelters to permanent housing,” the statement said. They need to have stability.”





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