Tuesday, November 20, 2018

November 20, 2018
By Lauren Debter

The world’s richest man, Jeff Bezos, (click here) is giving nearly $100 million to address homelessness in America in what amounts to his biggest publicly-announced charitable donation yet.

On Tuesday, the Amazon founder ands CEO outlined his plans to give $97.5 million to two dozen nonprofits around the country that are providing services to the homeless. This is the first round of giving that Bezos will conduct as part of his Day One Fund, announced in September, in which he pledged $2 billion to help homeless families and create Montessori-inspired preschools. (Bezos himself attended a Montessori school.)

The nonprofits that will receive funding are located in places like San Francisco, Washington, D.C., and Omaha, where they operate emergency and short-term shelters and also help families move into permanent housing. Each organization will receive $2.5 million or $5 million from the Day 1 Families Fund. The money will be used to help the organizations “expand the scope and impact of their efforts,” according to a statement.
“Congrats to the recipients—we know you’ll spend the money wisely and with heart,” wrote Bezos in a tweet....