Amazon founder and CEO Jeff Bezos says he is giving $2 billion United States to start a fund that will open preschools in low-income neighbourhoods and give money to non-profits that helps homeless families. "If our own great grandchildren don't have lives better than ours, something has gone very wrong".
Bezos solicited ideas on Twitter previous year for ways to donate some of his wealth.
Bezos's wealth has allowed him to pay for side ventures, including starting space exploration company Blue Origin and buying the Washington Post newspaper. "September is Childhood Cancer Awareness month", he wrote in an Instagram post shared about 10 hours ago, explaining that every year, Amazon ties up with the American Childhood Cancer Organisation to raise awareness of childhood cancer, which is the second leading cause of death for kids in the United States between ages 4 and 14.
Bezos, whose net worth is estimated at about $164 billion, has been criticized for not doing more to support charities, the way other billionaires have, such as Bill Gates, Warren Buffett and Mark Zuckerberg.
There will also be full scholarships for Montessori-inspired preschools in "underserved" communities, he said.
"The Bezos Family Foundation - and Jeff obviously has a role in that - has been engaged with early learning initiatives for years now", Burgess said, adding that it could only help the political momentum toward universal pre-K, as Seattle's preschool program is also once again on the ballot in November.
"September is Childhood Cancer Awareness month and each year Amazon partners with @ACCOrg to raise awareness of childhood cancer - second leading cause of death for kids in the USA between ages 4 and 14', he wrote in an Instagram post shared".
Trump has referred to the Washington Post as Amazon's "chief lobbyist".
"The customer is going to be the child", Bezos said. Go Gold boxes by Amazon are uniquely-designed packing boxes that feature a gold ribbon - the global symbol of childhood cancer.
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. Most important among those will be genuine, intense customer obsession.
"We will build an organisation to directly operate these schools". Neither was aware of any information beyond what was disclosed by Bezos, and both said their organisations had not been asked to advise the use of the Day 1 funds.
It's good that Bezos understands that there is a poverty problem, but by throwing his money at third-party organizations-and not focusing on fixing the systemic income gaps his company creates-he is only further proving the point of those who critique the tone-deafness of tech billionaires.