Thursday, November 29, 2018

Jeff Bezos’s Day 1 Fund isn’t as generous as it seems

Last week, Amazon founder and CEO Jeff Bezos announced that he and his wife, MacKenzie Bezos, were donating $97.5 million to 24 organizations that provide homeless services across the country. The donation is part of Bezos’s $2 billion “Day 1 Fund,” a philanthropic endeavor announced in September that, according to Bezos, focuses on establishing “a network of new, non-profit, tier-one preschools in low-income communities” and funding existing nonprofits that provide homeless services. Of those 24 organizations, 15 will receive $5 million grants; nine will receive $2.5 million. Notably, three of…

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