Bezos Fund donates $98.5 million a day to help homeless people

BEIJING, Nov. 22 (UPI) — Amazon CEO Jeff Bezos announced Thursday that 32 companies will receive $98.5 million in grants from the Bezos Day One Fund, according tomedia reports. This is the second round of the Bezos Day Family Fund, launched by the Bezos Day Family Fund, following the billionaire’s campaign to combat homelessness and provide quality education in low-income communities in September 2018.

Bezos Fund donates $98.5 million a day to help homeless people

Last year, the Fund granted $97.5 million in grants to 24 organizations nationwide.

This year’s recipients include non-profit organizations that have long worked to serve the homeless, such as the Center for The Homeless Services Network in Central Florida, which received the largest grant of $5.25 million.

Bezos has a net worth of about $109 billion, the second-richest person in the world after Microsoft co-founder Bill Gates, according to the Bloomberg Billionaires Index. Bezos said at the time that the fund was set up with a $2 billion commitment, divided into the Day One Family Fund to help homeless families and the Day One College Fund, which wants to create a “new, non-profit,” kindergarten network in low-income communities.

The fund’s decision last year on the location of the company’s second headquarters comes as the decision to expand on two locations in the Amazon area of Long Island City, Queens, and Arlington, Va., sparked a backlash over affordable housing replacements. Since then, Amazon has canceled plans to enter Long Island City.

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