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Jeff Bezos pronounces 40 grants totaling $123 million to fight homelessness

CNN  — 

Jeff Bezos is continuous to make good on his pledge to present away the bulk his wealth, to the tune of $123 million at present.

The Amazon founder introduced on Instagram Tuesday that he has just lately awarded 40 grants as a part of his Bezos Day 1 Households Fund initiative, which he launched in 2018. The donations are a part of a $2 billion complete dedication to fight homelessness.

The newest charitable donations come one week after Bezos sat down in an unique interview with CNN and mentioned he plans to donate nearly all of his $124 billion internet value throughout his lifetime. He mentioned he’ll dedicate the majority of his fortune to combating local weather change and supporting individuals who can unify humanity within the face of deep social and political divisions.

That marked the primary time the billionaire introduced plans to present away most of his cash. Critics have beforehand chided Bezos for not signing the Giving Pledge, a promise signed by a whole lot of the world’s richest individuals to donate nearly all of their wealth to charitable causes.

However Bezos went past the Giving Pledge in CNN’s interview and mentioned that making a gift of his wealth comes right down to “determining how you can do it in a levered method.”

“It’s not simple. Constructing Amazon was not simple. It took loads of arduous work, a bunch of very good teammates, hard-working teammates, and I’m discovering — and I believe Lauren is discovering the identical factor — that charity, philanthropy, may be very comparable,” he mentioned.

“There are a bunch of ways in which I believe you would do ineffective issues, too,” he added. “So you must give it some thought rigorously and you must have good individuals on the group.”

Final week Bezos and his accomplice, Lauren Sánchez, additionally made headlines for honoring Dolly Parton with their Braveness & Civility Award, which comes with a $100 million grant to Parton to make use of in the direction of her philanthropic efforts. Comparable grants have gone to chef Jose Andrés, who has spent a number of the cash making meals for Ukrainians — and the local weather advocate and CNN contributor Van Jones.

Following CNN’s interview with Bezos, his ex-wife, Mackenzie Scott, introduced that she was donating one other $2 billion to varied organizations. Scott has given away almost $four billion to 465 organizations within the span of lower than a yr.

The organizations Bezos is funding on this spherical of grants embody The Salvation Military, Denver Metro Space, Mom Nation: Honoring the Magnificence and Energy of Native Households in Seattle and Homeless Alliance in Oklahoma Metropolis.

Based on a press launch for the group, the Bezos household fund has supplied over $520 million in grants to 167 organizations throughout the US.

“With these funds, the organizations will proceed their compassionate, needle-moving work to assist households transfer from unsheltered homelessness and shelters to everlasting housing with the providers they require to attain stability,” the assertion mentioned.

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