Bezos started the Day 1 Families Fund with his former wife, Mackenzie Scott, who is now a major philanthropist.
Nonprofits serving homeless families will receive nearly $100 million from one of Amazon AMZN, +4.14% founder Jeff Bezos’ charitable funds, Bezos announced Wednesday on Instagram FB, -0.61%.
Since its launch, the Day 1 Families Fund has given out 130 grants totaling more than $398 million to organizations working to address homelessness across the U.S. A 2020 Realtor.com analysis found that while the news of Amazon’s impending arrival in Virginia created an initial wave of “massive inventory shortages, sky-high price spikes and a rapid pace of sales,” the pandemic brought a “gradual cooling” to the housing market around the future HQ2.
He noted that he is spending more money on the Bezos Earth Fund — his $10 billion pledge to fight climate change — than he’s spending on going to space. The Bezos Earth Fund recently earmarked $3 billion for “nature-based solutions” to the climate crisis.
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