Bezos Launches $2 Billion Fund To Help The Homeless And Preschoolers

Hopefully Bezos’ charity will provide homes for Amazon workers who live in vans.

peoples trust toronto

With Amazon’s mistreatment of workers at its subsidiaries and subcontractors once again occupying space in the headlines (thanks in no small part to the efforts of Sen. Bernie Sanders and his Stop BEZOS act), Amazon founder Jeff Bezos is leveraging his immense wealth to try and whitewash his reputation as a ruthless – and the world’s wealthiest – capitalist with some good-old-fashioned philanthropy.

Bezos

After soliciting suggestions for his first charitable initiative last year, Bezos on Thrusday unveiled the “Bezos Day One Families Fund” and “Bezos Day One Academies Fund”. Both initiatives will be overseen by an entity that Bezos is calling the “Bezos Day One Fund,” which he will seed with $2 billion from his personal fortune. The funds will out grants to organizations focused on helping the homeless, while also “creating a network of new, non-profit, tier-one preschools in low-income communities.”

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3 thoughts on “Bezos Launches $2 Billion Fund To Help The Homeless And Preschoolers

  1. This isn’t going to help anyone other than those who work at the “organizations supposedly focused on helping the homeless,” because if those organizations were doing anything, we would have seen the results, but what we see instead, are homeless encampments in ever increasing numbers. I just read that in Minnesota on Cedar and Hiawatha Streets, a homeless encampment is growing by leaps and bounds and those who work for the ‘organizations’ that are supposed to ‘house’ these people are instead, indulging in fits of hand wringing. So Bezos lame attempt at philanthropy has already fizzled out when he can ignore what his own workers are suffering and refuse to pay them more to keep them off the streets and from sleeping in their vans. He’ll get no ‘props’ from me.

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  2. I don’t know much about what happens in Minnesota, Shelby, but I follow Seattle quite closely because I used to live there. Their current homeless statistics reveal that only 25% of their poverty income residents have housing – which reportedly compares to 30% nationwide.

    If politicians and billionaires are serious about housing the homeless, they need to come up with new housing stock – either by commandeering abandoned homes or by building new ones. Anything short of that is just hand wringing, as you mention.

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