Jeff and MacKenzie Bezos create $2 billion fund to fight homelessness

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

Bezos and his wife, MacKenzie, pledged $US2 billion on Thursday for a new fund to start preschools and help homeless families.

The announcement comes more than a year after Bezos requested input from his Twitter followers for creating a short-term philanthropy strategy.

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 Academics Fund plans to launch and operate a network of high-quality, free Montessori-inspired preschools in underserved communities. "But it turns out in life that your most important decisions are always made with instinct and intuition, taste, heart".

At the same dinner, Bezos, who owns the Washington Post, warned that US President Donald Trump's attacks on the media are unsafe for the country and that his attacks risk eroding protections and social norms important for democracy. Bezos has not signed The Giving Pledge - the promise by billionaires to donate a majority of their wealth to charity - as salvage the sphere's other wealthiest folks, akin to Bill Gates and Label Zuckerberg.

He said he did not know how much money he would eventually give away.

Speaking at a Washington business gathering, Bezos said it was normal to draw scrutiny but he did not anticipate any actions that would prevent the internet giant from innovating and growing.

"Luckily I'm sitting right across from him at the table so hopefully I'll get a chance to talk", said Hogan.

The top five as of 2015, the a year ago for which numbers are available, were the Bill & Melinda Gates Foundation, with $40 billion, the Duke Endowment with $33 billion, the Ford Foundation with $12 billion and the Lilly Endowment with $11 billion. This year, Gates also announced it was taking up systemic poverty in the U.S.

Bezos has yet to join "The Giving Pledge" created by fellow billionaires Bill and Melinda Gates and Warren Buffett, whose more than 180 signatories have promised to give more than half of their fortunes to philanthropy.

In a June 2017 letter published in Forbes, philanthropy adviser Jake Hayman criticised Bezos for focusing on short-term solutions and deciding to seek suggestions on Twitter.

To support his point, Bezos, the richest person in the world, used Boeing as an example.

The Amazon chief's wealth has become problematic for some. Customers can now also order items from the Mary's Place's wishlist on Amazon since March, 2016. Even so, Amazon insisted it was "deeply committed" to tackling homelessness in Seattle and said it would continue to invest in local nonprofits that work with the homeless.

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