Bezos contributes $118 million to help homeless families

Jeff Bezos, the world’s third wealthiest person, has made a $118 million commitment to groups that assist homeless families. This generous gesture is the sixth round of funding from the Bezos Day One Families Fund, a charity that has continuously demonstrated its commitment to ending homelessness in America.

This round of awards will provide much-needed financial assistance to 38 NGOs in 23 states throughout the United States. The list of recipients includes New York, Hawaii, Washington, DC, California, Washington, and Florida, the latter of which is Bezos’ current domicile. Bezos stressed the significance of supporting these groups in their goal to give stability to families put into upheaval by homelessness in an Instagram post accompanying the news.

Jeff Bezos and his then-wife MacKenzie Scott founded the Day One Fund in 2018. The fund has awarded a stunning $640 million to groups in 48 states and Puerto Rico since its creation, indicating its countrywide reach. Forbes highlights 2023 contributions ranging from $150,000 to Family Promise in Cheyenne, Wyoming, to roughly a dozen $5 million payments to organizations such as the American Indian Community Development Corporation in Minneapolis and BronxWorks in New York.

Jeff Bezos’ charitable contributions, which include the Day One Fund and the Bezos Earth Fund, total a laudable $3 billion. This remarkable sum is barely less than 2% of his current net worth, which is believed to be $166 billion. According to filings with the Securities and Exchange Commission, Bezos recently gave 1.67 million Amazon shares worth $560 million to NGOs. Bezos moved from Seattle, where he had lived since 1994 and where Amazon was created, to South Florida last August, ostensibly to be closer to his parents.