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September 14, 2018

Jeff Bezos gives $2B to start charitable fund

  • The goal is to help shelter and feed young homeless families, and launch and operate free preschools.
    • By SALLY HO and JOSEPH PISANI
    Associated Press

    Amazon founder and CEO Jeff Bezos said Thursday that he is giving $2 billion to start a fund that will open preschools in low-income neighborhoods and give money to nonprofits that helps homeless families.

    Bezos, whose stake in Amazon is worth about $160 billion, says the he'll call it the Bezos Day One Fund. An Amazon.com Inc. spokeswoman confirmed that the money will all come from Bezos, though there are few details about how the fund will operate.


     
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