Published: Sat, September 15, 2018
Business | By Eloise Houston

Amazon's CEO Starts $2 Billion Fund for Schools, Homeless

Amazon's CEO Starts $2 Billion Fund for Schools, Homeless

Bezos also responded to criticism from President Donald Trump that Amazon acquired the Washington Post as a lobbyist vehicle.

"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.

The comments appeared to be the first direct, public rebuke of Mr Trump by Mr Bezos, a frequent target of attacks by the President. "It's unsafe to call the media lowlifes. It's risky to say that they're the enemy of the people".

"It's okay. It's part of the process", Bezos said.

Earlier this year, under pressure from Amazon and other large employers, Seattle's City Council repealed an employee head tax created to provide housing and services for the homeless. The company's approach has changed a bit in recent years with the growth of its public-relations and corporate-affairs group, and Amazon has moved to consolidate scattered philanthropy initiatives underway and offer official support for more. I used to deal with the Tamil Tiger press office, and they kidnapped me. Bezos calls the endeavor a blend of business and charitable work and hopes that one day we can move industrial activities off Earth, preserving it as a place to live and do less harmful activities.

Trump in the spring repeatedly said without evidence that package deliveries by the U.S. Postal Service for Amazon were costing the service money. And Sen. Bernie Sanders, I-Vt., has held Bezos up as an example of a leader of a company that does not pay its workers enough.

In 2016, Bezos was asked if he planned to pursue philanthropy like Gates has. "But it turns out in life that your most important decisions are always made with instinct, intuition, taste, heart". Bezos said he gets eight hours of sleep every night. "But we're going to make a final pitch".

The Amazon founder, the world's wealthiest person, said Thursday on Twitter that he would commit $2 billion to fund existing nonprofits working to help homeless families and create a network of nonprofit preschools in low-income communities.

Jeff Bezos announced the launch of a new $2 billion fund called the Bezos Day One Fund on Thursday.

For the homeless, grants will be given to organizations "doing compassionate, needle-moving work to provide shelter and hunger support to address the needs of young families", Bezos said. "We're going to be scientific when we can be, and we're going to use heart and intuition when we have to". "We will build an organization to directly operate these schools", he added.

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