A year after asking for suggestions on philanthropy, Amazon founder Jeff Bezos is unveiling his first projects. The highlight will be the creation of a network for nonprofit preschools that are to be built in low-income communities and accept students at no charge.
Bezos also intends to fund existing nonprofits that help homeless families by providing access to housing and food. Both initiatives will be overseen by something he’s calling the Bezos Day One Fund, which he’s committing $2 billion toward.
Each of the initiatives will have a specific group behind it: the Day 1 Families Fund and the Day 1 Academies Fund. The Families Fund will issue grants on a yearly basis to organizations doing “needle-moving work.” The Academies Fund will…
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