American businessman and Amazon founder Jeff Bezos is donating $123 million to organizations that help homeless families find permanent housing in honor of this year’s Bezos Day One Fund.
Bezos stated in an Instagram video on Tuesday that he has given more than $500 million to 167 organizations over the last five years.
“This year’s Bezos Day 1 Families Fund grants go to 40 incredible groups working to end homelessness in the U.S.
“In five years, we’ve given more than $500 million to 167 orgs – helping expand their support of families in need. Honored to support these groups,” he said.
Bezos committed $2 billion to the Day One Fund, which was established in 2018. Its goals include preventing family homelessness and constructing preschools in underprivileged areas.