Jeff Bezos launches $2 billion philanthropic fund targeting homelessness, preschool education

Dwayne Harmon
September 14, 2018

"What the President should say is, 'This is right".

At a sold-out Economic Club of Washington event, Bezos did not give any hints of whether Arlington has a leg up on other locations.

"It's unsafe to demonise the media", Mr Bezos said. It is risky to call the media low lifes, it is unsafe to say that they are the enemy of the people. Bezos said it was unsurprising and even normal to face questions when a company like Amazon becomes so big. The American president is not known for restraint in using the microblogging platform to broadcast every thought and idea that crosses his mind.

"We're going to push through this", he added. I used to deal with the Tamil Tiger press office, and they kidnapped me. "I said, 'You're welcome, ' and he immediately turned to me and said, 'Thank you'". Most important among those will be genuine, intense customer obsession.

"It is a mistake for any elected official in my opinion ... to attack media and journalists".

Jeff Bezos, the Amazon founder, is to launch a philanthropic fund with a $2 billion initial commitment to help homeless families and set up nursery schools in deprived areas.

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Bezos tweeted a statement Thursday that the fund will issue annual leadership awards to organizations "doing compassionate, needle-moving work to provide shelter and hunger support to address the immediate needs of young families". The Day 1 Academies Fund, meanwhile, "will launch and operate a network of high-quality, full-scholarship, Montessori-inspired preschools in underserved communities".

Since then, he and his wife have built the Bill & Melinda Gates Foundation, which had an endowment of US$51 billion at the end of 2017 and pledges to spend all its resources within 20 years of its founders' deaths. Last night, Bezos once again affirmed that he has not "feel the need to defend Amazon" from the president's criticism.

With a little more than three months left in the year, Amazon CEO Jeff Bezos says he still intends to announce a decision on where its second headquarters will be located before the new year.

Mr Jeff Bezos, founder of Amazon and owner of the Washington Post newspaper, warned on Thursday (Sept 13) that President Donald Trump's attacks on the media are risky for the country.

Philanthropy experts called Bezos' approach direct and pragmatic, but said its success would depend largely on how the money was allocated and how willing the billionaire was to make changes along the way.

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