December 7, 2021
Bezos makes gifts to Obama foundation and NYU medical center

Bezos makes gifts to Obama foundation and NYU medical center

Former President Barack Obama’s foundation introduced Monday that it has acquired a $100 million donation from Amazon founder Jeff Bezos, which it says is the biggest particular person contribution it has acquired to date.

Individually on Monday, New York College’s medical center stated it has acquired a $166 million present from Bezos and his household.

For its half, the Obama foundation stated in a press release that the present from Bezos is meant “to help expand the scope of programming that reaches emerging leaders” in america and world wide.

Building on Obama’s legacy venture is anticipated to price about $830 million and to be accomplished by 2025. Within the meantime, the foundation stated it is giving donors the chance to “honor and the names of those who have fought for a more just and equitable world” by naming public areas sooner or later presidential center.

Since stepping down as CEO of Amazon this yr, Bezos has begun to focus extra of his consideration on philanthropy. NYU, which acquired the opposite Bezos present introduced Monday, stated in a press release the donation will likely be used to help “with the health and wellness of diverse populations” throughout NYU Langone Hospital—Brooklyn group, one of many college’s educating hospitals and trauma facilities in Brooklyn.

Final yr, Bezos dedicated to spend $10 billion by 2030 to improve local weather change efforts by his Bezos Earth Fund. In current months, he has launched some particulars on how he plans to spend that cash.

Bezos, whose private wealth is estimated by Forbes at roughly $212 billion, had lengthy been questioned concerning the comparatively modest degree of his charitable giving and reluctance to signal The Giving Pledge. The pledge, developed by Invoice Gates and Warren Buffett, is meant to persuade the world’s wealthiest to donate greater than half their price to philanthropic organizations.

MacKenzie Scott, Bezos’ former spouse, whose fortune is estimated at $61 billion, has signed the pledge. Scott has made a splash within the philanthropy world over the previous 17 months by donating $8.7 billion — with none strings connected — to quite a few nonprofits throughout the nation.

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The Related Press receives help from the Lilly Endowment for protection of philanthropy and nonprofits. The AP is solely chargeable for all content material. For all of AP’s philanthropy protection, go to https://apnews.com/hub/philanthropy.

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