Jeff Bezos, Amazon founder, launches $2 billion charitable fund to fight poverty

“Never have I been more comfortable at an Amazon board meeting!” he wrote on Instagram

How does Jeff Bezos, the richest person alive, spend his billions?

Fox News political contributor Tammy Bruce, Christine Pelosi, daughter of Rep. Nancy Pelosi (D-Calif.), American Greatness editor Chris Buskirk on how Amazon CEO Jeff Bezos launched a $2 billion "Day One Fund" to support underserved communities.

The second will operate a network of high-quality, full-scholarship Montessori-inspired preschools. Public donations by the 54-year-old Bezos have been rare, and - with exceptions like a $35 million family donation to the Fred Hutchinson Cancer Research Center - typically on a scale far smaller than the two men just behind him in the wealth rankings, Microsoft co-founder Bill Gates and Berkshire Hathaway's Warren Buffett.

He has given $1.5 billion to Blue Origin, his company developing technology for space travel.

Bezos, and Amazon, have been criticized 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.

At worst, these end up as destructive, expensive follies; at worst, they create a monopolistic path directly from early education to employment under the auspices of a single company - something Amazon already dipped a toe in by seeding a logistics mentorship program at a high school in San Bernardino, California. City leaders quickly rescinded the levy.

The fight soured many more locals on Amazon and Bezos, and also overshadowed the growing portfolio of philanthropy they had done in the city. We're going to be obsessively, compulsively focused on the child. He has not signed on to the Giving Pledge, and the Bezos Family Foundation is reportedly run by his parents; Bezos does not play an active role.

Matt Miazga mocks Mexico's Diego Lainez height during U.S. clash
Chelsea ace Matt Miazga mocked Mexican winger Diego Lainez for his height during USA's 1-0 win against Mexico on Tuesday night. Their best chance came when Roberto Alvarado headed goalwards on 16 minutes only to see US goalkeeper Zack Steffen tip over.

Eric Trump: Woodward wrote book to 'make three extra shekels'
Part of the point of this book is that we need to have a serious debate about serious issues. Eric Trump's response has sparked controversy across great spans of the internet.

Hurricane Florence pounds Carolinas ahead of landfall
The coastal area of SC features hundreds of inlets while North Carolina has barrier islands miles away from the mainland. Hurricane Florence has been downgraded to a Category 1 storm - but the danger is far from over for residents of the U.S.

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

Bezos owns the Washington Post, which, along with Amazon have been targets of Trump criticisms.

Where a "network" of Bezos preschools is concerned, we should be especially sceptical.

Helping the homeless has also been a focus for Amazon.

"It's risky to demonize the media", Bezos said. In the summer of 2017, Bezos tweeted a request from the masses for philanthropic ideas "at the intersection of urgent need and lasting impact".

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.

Take the Bill & Melinda Gates Foundation.

Related:

  • Hurricane Helene has Britain in its sights

    Hurricane Helene has Britain in its sights

    There is a small chance that injuries could occur from large waves and beach material being thrown onto sea fronts. Power services could be impacted, with other services like mobile phone coverage also potentially affected.
    Tite not anxious  by opposition as Richarlison shines for Brazil

    Tite not anxious by opposition as Richarlison shines for Brazil

    But it was Richarlison that made the most of his opportunity, scoring twice in a 5-0 win against El Salvador in Washington . Neymar's corner kick in the 90th minute was headed in by Marquinhos.
    Hurricane Florence Close To Landfall In N. Carolina

    Hurricane Florence Close To Landfall In N. Carolina

    Forecasters said this onslaught could last for days, leaving a wide area under water from both heavy downpours and rising seas. Farther up the coast, in New Bern, about 150 people waited to be rescued from floods on the Neuse River, WXII-TV reported .
  • Uncle: Man killed by officer aspired to St. Lucia leadership

    Uncle: Man killed by officer aspired to St. Lucia leadership

    The front door of apartment 1378, directly below Botham Jean's apartment and identified by neighbors as Amber Guyger's front door. Bertram and Allison Jean want to know why Dallas officer Amber Guyger shot and killed their son in his own apartment.
    How to pre-order the iPhone XS and iPhone XS Max

    How to pre-order the iPhone XS and iPhone XS Max

    As far as iPhone XS is concerned, Apple suggested that users would get approximately 30 minutes longer than the 2017 iPhone X . Where iPhone XS Max is concerned, Apple's team suggested that purchasers could expect an additional 90 minutes of power.
    Morrison: Only one title challenger out of Liverpool and Spurs

    Morrison: Only one title challenger out of Liverpool and Spurs

    We need to be really good because all the other teams are so good. "It was a very hard game for us because we made big mistakes around their goals".
  • Turkey stuns market with massive interest rate hike

    Turkey stuns market with massive interest rate hike

    On Thursday, the Turkish Central Bank exercised that independence - and appeared to reassure investors in the process. Despite the comments, Erdogan added: "There has been no change in my sensitivities on the issue of interest rates".
    SpaceX books private passenger flight around the Moon

    SpaceX books private passenger flight around the Moon

    Boeing is also hard at work on its crew vehicle, with pioneering flights planned for 2019 as well. SpaceX has stated that the BFR would be capable of sending crews to the Moon and Mars.
    Nawaz Sharif's Wife Kulsoom Nawaz's Body Reaches Lahore, Funeral Tonight

    Nawaz Sharif's Wife Kulsoom Nawaz's Body Reaches Lahore, Funeral Tonight

    Her funeral will be held on the same day and she will be buried at the Sharif family graveyard in Jati Umra. Both have been declared absconders by an accountability court in corruption cases.
  • Marshall Wace LLP Raises Holdings in Bristol-Myers Squibb Co (BMY)

    Company's EPS for the past five years is valued at 16.8%, leading it to an EPS value of -4.7% for the next five years. In the meantime, the BMY has a simple moving average of 1.89% that symbolizes bearish trends in the market.
    FDA takes 'ancient action' on formative years e-cigarette 'epidemic'

    FDA takes 'ancient action' on formative years e-cigarette 'epidemic'

    Bottles of flavor packets for e-cigarettes stand displayed in a tobacco shop in New York on June 23, 2015. Appropriate flavors play an important role in helping adult smokers switch.

    Hurricane Florence lashes USA east coast, triggers flood warnings

    Following Hurricane Florence are two more powerful storms crossing the Atlantic, namely Tropical Storm Isaac and Hurricane Helene. Wild horses in the Rachel Carson Reserve in Beaufort, North Carolina will fend for themselves during Hurricane Florence.

Comments

Latest news

Mueller And Manafort Reach 'Tentative' Plea Deal To Avert Second Trial
Since Manafort's guilty verdict in August, speculation has mounted that Trump could pardon him. Prosecutors said he evaded taxes on $16 million laundered through shell companies overseas.

Oldest known human drawing found in South African cave
The ancient drawing includes six parallel lines that are crossed by three slightly curved lines, the researchers said. Engraved ochre slabs with various designs, including cross-hatched patterns, were also found in these older layers.

Rumoured 6.5-inch OLED iPhone to be called iPhone XS Max
What's your take on the leak? You may have seen the invite Apple sent last week, asking members of the press to " gather round ". Apple is just a few days away from unveiling its latest devices and there is tons of interesting information about them.

UEFA Nations League: No- Nonsense Belgium Bury Iceland
Ingason grabbed Lukaku for a penalty scored by Hazard before the United striker scored from a corner. Belgium boss Martinez is confident he is bringing the best out of Lukaku in a Belgium shirt.

New cold boot attack affects "nearly all modern computers"
Educating workers, especially executives and employees who travel, about cold boot attacks and similar threats is also important. The attacker then plugs in a USB stick containing a Linux operating system and boots the machine from that.

Broadway star Marin Mazzie dead at 57
They released Opposite You , an album of duets, in 2005, and wrote an autobiographical cabaret show titled He Said/She Said . She was diagnosed with stage IV ovarian cancer in May 2015, and helped spread awareness about the disease before her death.

Samsung teases a '4x fun' Galaxy Event in October
Samsung hosting an event in October after launching the Galaxy Note 9 flagship only a month ago is out of tradition. Cameras are a significant part of smartphones these days and brands are trying up the game with each release.

Hurricane Florence lashes U.S. east coast, triggers flood warnings
By Friday morning Florence had already sapped power to almost 450,000 customers in the Carolinas, emergency officials said. Forecasters said conditions will continue to deteriorate as the storm makes its way slowly inland.

Hurricane Florence now a Category 2, but remains ‘extremely dangerous’
Water kills more people in hurricanes than wind, and he said it will still be an extremely risky storm for rain and storm surge. Workers prepare a house with storm shutters ahead of the arrival of Hurricane Florence in Ocean Isle Beach, North Carolina, U.S.

Six nuclear power plants are in Hurricane Florence's path, officials say
We remain in constant communications with local, state and federal officials regarding the status of the plant, and the U.S. The Union of Concerned Scientists, said it was anxious about the Brunswick plant's capabilities to weather out the storm.

'Catastrophic' Hurricane Florence buffets USA east coast
The NHC says tornadoes within hurricanes are usually "relatively weak and short-lived, but they still pose a significant threat". Sixteen kilometres away in the city of Wilmington , wind gusts were stirring up frothy white caps into the Cape Fear River.

House Speaker Ryan doesn't dispute Puerto Rico death toll
Hurricane Maria hit on September 20, 2017, about two weeks after Hurricane Irma hit the island. "That is just what happened". Last month, Rossello accepted the study's conclusion that almost 3,000 people died as a result of the storm's effects.

Hurricane Florence is producing waves as high as 83 feet
Until we know how bad wind, power outages and flooding are, we won't know how much home and business fix will be needed. The National Hurricane Center forecasts that the slower storm could bring as much as 40 inches of rain in places.

Jalen Ramsey of Jacksonville Jaguars 'don't fear no man,' including Rob Gronkowski
For his part, Ramsey has never backed down from his comments. "I don't care", Ramsey added. "I love you, but she knows that". He finished with just two tackles as Brady engineered late-game heroics to erase a 10-point fourth-quarter deficit.

Meghan Markle Reportedly Losing Friends Since Joining The Royal Family
This is the end of your normal life, the end of your privacy - everything'. "But she just held up her hand and said: 'Stop". Everything from her wardrobe, to her relationship with her family and friends has changed.

Other news