Bezos promises millionaire donation to combat climate change

Jeff Bezos promised to donate US $ 203.7 million before the end of the year as part of the Bezos Earth Fund, its $ 10 billion commitment to fight climate change that began last year.

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Bezos will immediately donate $ 73.7 million of the total to 12 organizations, with the remainder going to groups supporting the Justice40 initiative by year-end, according to a statement released Wednesday by the Bezos Earth Fund.

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Justice40 is a Biden Administration initiative aimed at combating climate change and supporting disadvantaged communities. The donations will bring the total to the Bezos Earth Fund to just under $ 1 billion, with a total of $ 791 million in 2020 for 16 organizations.

Bezos has promised to deliver the $ 10 billion by 2030. “These funds are just the next step in the Bezos Earth Fund’s commitment to bring about catalytic change during this decisive decade,” said group president Andrew Steer in the statement.

Bezos recently dumped $ 172 million in Amazon.com stock, which was designated as a charitable contribution, according to filings with the Securities and Exchange Commission.

Bezos, 57, has recently made numerous donations, with a couple of philanthropic announcements interspersed with his journey into space.

Days before completing an 11-minute flight into space through his company Blue Origin, Bezos announced a $ 200 million donation to the Smithsonian’s National Air and Space Museum, most of which will go towards the creation of the Center. of Learning Bezos.

After the trip, Bezos said he would donate $ 100 million to Van Jones, CNN political aide and founder of Dream Corps, and he rode chef José Andrés, co-founder of World Central Kitchen, which helps feed people in affected regions. for disasters.

Bezos’s equity is valued at US $ 202.3 billion, according to the Bloomberg Billionaires Index. His ex-wife MacKenzie Scott’s fortune stands at $ 62.1 billion, even after donating more than $ 8 billion in the last 14 months.

Bloomberg

Article: Soure