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Amazon CEO Jeff Bezos Donates $98.5 Million To Help Homeless Families

Amazon CEO Jeff Bezos Donates $98.5 Million To Help Homeless Families

Jeff Bezos and Bill Gates have been in a 'World's Richest Person' war for some time (which doesn't sound too shabby to us). But it would seem that Bezos - Amazon's CEO - is putting his cash to good use.

The 55-year-old billionaire has recently announced that he will be donating $98.5 million (£76.7m) of his $109 billion (£85bn) fortune this year to 32 different organisations that help shelter homeless families.

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He set up a charity foundation called the Bezos Day 1 Fund back in September 2018 and pledged a $2 billion (£1.6bn) commitment to focus on making meaningful and lasting impacts in two areas: funding existing non-profits that help families experiencing homelessness, and creating a network of new, non-profit tier-one preschools in low-income communities.

Jeff Bezos. Credit: PA
Jeff Bezos. Credit: PA

According to the MailOnline, the most recent funding went to 32 groups in 23 different states and the values ranged from $1.25 million (£973k) and $5m (£3.8m).

The Bezos Day 1 Fund website said that the money has gone to support 'meaningful, high-impact work to provide shelter and support for young families in communities across the country'.

Last year, Bezos donated $97.5m (£75.9m) to different organisations fighting homelessness in 16 states.

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Replying to Bezos' recent tweet was one of the recipients - West Virginia Coalition to End Homelessness.

They received $1.5m (£1.16m) and replied to the tweet saying: "We are so appreciative for this opportunity to continue our work to end homelessness in WV for families! Thank you!"

Another grateful recipient, Covenant House International - an organisation helping families facing homelessness and trafficking in 31 cities were given $5m (£3.8m).

They said: "Thank you! This grant will help us expand housing for children & youth, including pregnant & parenting young people facing homelessness across America. We are so grateful."

Featured Image Credit: PA

Topics: News, jeff bezos, US News

Rebecca Shepherd

I'm Becky - a journalist at LADbible. I graduated with a First Class BA in Journalism before going on to cover criminal court cases, medical tribunals and breaking news for the national media - which inevitably and eventually became as glum as it sounds. Can often be found rocking a bag for life - which I made a 'thing' way before Rihanna. You can contact me at [email protected]

 

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