Jeff Bezos donated $123 million to curb homelessness

The co-founder of Amazon, who is currently the fourth richest man in the world with a net worth of $115 billion, has given $123 million to organizations that help the homeless find long-term housing.

The most recent and largest donations from Jeff Bezos' Day One Fund, which was established in 2018, went to 40 organizations in 26 US states and Puerto Rico and ranged in size from $600,000 to $5 million.

The Day One Fund states that the contributions are effective right away and are a part of a $2 billion overall commitment to combating homelessness.

The foundation pledged $2 billion to concentrate on having a real and long-lasting impact in two areas: financing already-existing nonprofits that assist homeless families and establishing a network of brand-new, nonprofit tier-one preschools in low-income neighbourhoods.

He has pledged to tackle homelessness and has donated to another charitable cause this month. Bezos previously stated that he intends to donate the majority of his wealth over his lifetime, with the majority of his charity centred on combating climate change and assisting those who work to bring people together. As the most recent recipient of his Courage and Civility award, he handed Dolly Parton $100 million to donate to any charities of her choosing.