Sep 13, 2018

Amazon chief Jeff Bezos gives $2bn to help the homeless

Amazon chief Jeff Bezos is putting $2bn into a charitable fund he has established to help the homeless and set up a new network of schools. He said on Thursday that the "Bezos Day One Fund" will contribute to "Existing nonprofits that help homeless families" and also fund "a network of new, nonprofit, tier-one preschools in low-income communities". The fund will be split between Day 1 Families Fund and Day 1 Academies Fund. "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," Mr Bezos said in a tweet. The Day 1 Academies Fund will launch and operate a network of high-quality, full-scholarship, Montessori-inspired pre-schools in low-income and underserved communities, he said.

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