World Media

Amazon's Jeff Bezos commits $2.7 billion to help homeless, pre-schools

Amazon's Jeff Bezos commits $2.7 billion to help homeless, pre-schools

The charitable fund will "focus on two areas", Bezos explained: "funding existing non-profits that help homeless families, and creating a network of new, non-profit, tier-one pre-schools in low-income communities".

The Day 1 Families Fund will issue annual leadership awards to organizations and civic groups doing compassionate, needle-moving work to provide shelter and hunger support to address the immediate needs of young families. Its vision statement comes from Mary's Place in Seattle: no child sleeps outside. Amazon's Jeff Bezos attended a board meeting in pajamas to raise awareness about childhood cancer, which is the second leading cause of death in the United States between kids aged 4 and 14. "Most important of those will be genuine, intense customer obsession".

Mr Bezos, who operates the Blue Origin space rocket project and who owns the Washington Post newspaper, has given donations to a scheme to help the children of immigrants, cancer research, and Princeton University. Jeff Bezos's net worth is about $150 billion, so this campaign represents a little over 1% of that.

IDBI officials knew of losses at Kingfisher, claims Mallya's lawyer
Speaking on the issue, senior Congress leader Anand Sharma said, "Vijay Mallya has run away after looting money from banks". Mallya's lawyer told Westminster Magistrates Court that IDBI bank officials were well aware of losses at Kingfisher.

Bezos has yet to join "The Giving Pledge" created by fellow billionaires Bill and Melinda Gates and Warren Buffett, whose more than 180 signatories have promised to give more than half of their fortunes to philanthropy.

So, Jeff, from one member of the human species to another, I implore you to not only engage in philanthropy but also try to understand how you can fix Amazon's problems to set a better example. It previously helped the nonprofit temporarily house 200 homeless people. But in the year since Amazon announced its intent to build a second headquarters in another North American city with room for up to 50,000 employees, the company's every move has been closely scrutinized in an effort to divine which city will win the extraordinary contest. "We are deeply committed to being part of the solution to end homelessness in Seattle and will continue to invest in local nonprofits" that work with the homeless.


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