Bezos: Amazon HQ2 decision will be made by end of the year

Anna Jefferson
September 14, 2018

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".

With a little more than three months left in the year, Amazon CEO Jeff Bezos says he still intends to announce a decision on where its second headquarters will be located before the new year. The fund will be split between Day 1 Families Fund and Day 1 Academies Fund. "Most important of those will be genuine, intense customer obsession".

"September is Childhood Cancer Awareness month and each year Amazon partners with @ACCOrg to raise awareness of childhood cancer - second leading cause of death for kids in the U.S. between ages 4 and 14', he wrote in an Instagram post shared".

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The world has been waiting for a major philanthropy announcement from Jeff Bezos for over a year. Bezos was in town with his parents, who run the Bezos Family Foundation.

"Thank you so much for supporting kids like mine by advocating for childhood cancer funding!" wrote one person in the comments section.

Zuckerberg, 34, and his wife Priscilla Chan said in 2015 that they planned to give away 99 per cent of their Facebook stock.

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He added that "we live in a society where it's not just the laws of the land that protect us.it's also the social norms that protect us".

The $2bn also falls short of the "giving pledge" initiative launched by Mr Gates and billionaire investor Warren Buffett, who have encouraged wealthy individuals to pledge half their fortunes for philanthropy.

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Earlier this month, US Senator Bernie Sanders, a self-described democratic socialist, proposed a bill in Congress called the "Stop BEZOS" Act, which would make large corporations pay workers more or pay for public assistance programs like Medicaid. In the summer of 2017, Bezos tweeted a request from the masses for philanthropic ideas "at the intersection of urgent need and lasting impact". While his and Amazon investors' wealth increases-and the company's market capitalization approaches $1 trillion-what makes the business so efficient is that relies on automation and low-priced labor. It previously helped the nonprofit temporarily house 200 homeless people.

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