Amazon’s Jeff Bezos to start $2 billion charitable fund

Sources News reports and announcements

- Amazon founder and CEO Jeff Bezos was in the District Thursday night as he was the featured guest at the Economic Club of Washington D.C.'s Milestone Celebration Dinner at the Washington Hilton.

The Bezos Day One Fund will contribute to "existing non-profit organisations that help homeless families" and also fund "a network of new, non-profit, tier-one pre-schools in low-income communities", he wrote.

Fox News political contributor Tammy Bruce, Christine Pelosi, daughter of Rep. Nancy Pelosi (D-Calif.), American Greatness editor Chris Buskirk on how Amazon CEO Jeff Bezos launched a $2 billion "Day One Fund" to support underserved communities. "If our own great grandchildren don't have lives better than ours, something has gone very wrong".

He said the schools would "use the same set of principles that have driven Amazon" and that "the child will be the customer".

Mr Jeff Bezos, founder of Amazon and owner of the Washington Post newspaper, warned on Thursday (Sept 13) that President Donald Trump's attacks on the media are unsafe for the country. In 2010, Buffett and Gates created the Giving Pledge, which calls on billionaires to pledge the majority of their wealth to charity.

Later, Bezos told a Washington gathering that the $2 billion was only a start and that he would likely expand his philanthropic efforts.

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In a tweet last June, Bezos asked the public for ideas about where he should give his money. What the president should say is, 'This is right, this is good.

Trump has referred to the Washington Post as Amazon's "chief lobbyist". The most notable involving more than $40 million U.S. to the local nonprofit FareStart - a hospitality training program and restaurant business that aims to combat homelessness and poverty - and Mary's Place, whose mission to find and provide shelter for every child. Most important among those will be genuine, intense customer obsession. "It's okay. It's part of the process", Bezos said.

The announcement marks a deeper foray into philanthropy for Mr Bezos, whose fortune has soared to more than $160 billion thanks to his stake in Amazon, making him the world's richest person, according to Forbes.

He added that "we live in a society where it's not just the laws of the land that protect us.it's also the social norms that protect us".

Many Twitter users agreed with that reasoning. "If billionaires like Bezos were properly taxed then we wouldn't need billionaires like Bezos to sweep in and "rescue" people failed by our underfunded systems," one wrote.

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