KXIP vs KKR Live Score

He said on Thursday that the "Bezos Day One Fund" will contribute to "existing nonprofits that help homeless families" and also fund "a network of new, nonprofit, tier-one preschools in low-income communities".

It's good that Bezos understands that there is a poverty problem, but by throwing his money at third-party organizations-and not focusing on fixing the systemic income gaps his company creates-he is only further proving the point of those who critique the tone-deafness of tech billionaires.

A separate "Academies Fund" would open and operate "a network of high-quality, full-scholarship, Montessori-inspired preschools in underserved communities", he wrote.

Launched in 1994 as an online bookseller, Amazon has become a retail powerhouse operating globally, and has expanded into streaming video, music, cloud computing and other segments, and past year acquired the Whole Foods grocery chain.

Jeff Bezos, owner of the US Washington Post newspaper, has opined that it is "dangerous" for America's mop-haired 45th president Donald Trump to criticise the media.

"Why am I wearing pajamas to an Amazon board meeting?"

Bezos, whose net worth is estimated at about $164 billion, has been criticized for not doing more to support charities, the way other billionaires have, such as Bill Gates, Warren Buffett and Mark Zuckerberg.

Tracking Hurricane Florence as it takes aim at Southeast
For the first time, researchers have calculated the impact of climate change on a hurricane before the storm is over. But, Hill added, those lane reversals will end soon: "At that point, they'll shut 'em down for the incoming storm".

Earlier this year Amazon played a pivotal role in diminishing and ultimately defeating a Seattle business tax to fund homelessness services and affordable housing. City leaders quickly rescinded the levy. The vision statement comes from the inspiring Mary's Place in Seattle: no child sleeps outside.

In addition to millions in cash, both non-profits have been granted prime real estate in Amazon building spaces to do their work. Bezos was in town with his parents, who run the Bezos Family Foundation. "Just do the work, that's Marty's phrase", Bezos said.

"Another way we're raising awareness is through our special #GoGold boxes - you may receive one during September", he added.

The foundation stepped up to help Seattle when the city worked to launch its universal pre-K program in 2014.

Bezos said early childhood education is a critical area and that "the money spent there is going to pay enormous dividends for decades". In the summer of 2017, Bezos tweeted a request from the masses for philanthropic ideas "at the intersection of urgent need and lasting impact".

Last year, he donated $33 million to fund scholarship for "dreamers", the name given to undocumented children of immigrants who face legal obstacles in attending college or university.

"As an individual commitment, $2 billion is pretty high but it's not in the league of a Bill & Melinda Gates Foundation", which a year ago had a $50.7 billion endowment, said Kyle Caldwell, executive director of the Johnson Center for Philanthropy at Grand Valley State University in Grand Rapids, Michigan. This year, Gates also announced it was taking up systemic poverty in the U.S.