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Sat Nov 21, 2020, 10:46 PM

Jeff Bezos Hands $684 Million of Amazon Stock to Nonprofits

Jeff Bezos gave $684 million of Amazon.com Inc. stock to non-profits, days after posting on Instagram that he’d chosen 16 organizations to be the first recipients of money from the Bezos Earth Fund.

The world’s richest man donated 220,825 shares of the e-commerce juggernaut, according to a filing with the U.S. Securities and Exchange Commission.
The Amazon founder has given away stock worth $856 million this year, according to the Bloomberg Billionaires Index, which estimates his fortune at $183.6 billion.


Bezos announced the Earth Fund in February as a $10 billion endeavor to combat climate change. On Monday he named the first recipients getting $791 million in donations, including the Environmental Defense Fund and the World Wildlife Fund.
MORE...
https://www.bloomberg.com/amp/news/articles/2020-11-20/jeff-bezos-hands-684-million-of-amazon-stock-to-nonprofits

Bezos Earth Fund & now Non-profits.

Bezos puts his money where his mouth is.
Worthy causes all around & the beneficiaries exist from the familiar, to the smallest unseen corners of the world.

Thanks Mr Bezos. .



17 replies, 1800 views

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Arrow 17 replies Author Time Post
Reply Jeff Bezos Hands $684 Million of Amazon Stock to Nonprofits (Original post)
Budi Nov 21 OP
SheltieLover Nov 21 #1
Budi Nov 21 #2
SheltieLover Nov 21 #3
Lunabell Nov 21 #4
Budi Nov 21 #5
Lunabell Nov 22 #7
Budi Nov 22 #8
FM123 Nov 22 #6
Budi Nov 22 #12
CatLady78 Nov 22 #9
Budi Nov 22 #10
CatLady78 Nov 22 #11
Budi Nov 22 #13
CatLady78 Nov 22 #14
Budi Nov 22 #15
CatLady78 Nov 22 #16
SharonAnn Nov 24 #17

Response to Budi (Original post)

Sat Nov 21, 2020, 10:50 PM

1. Ty, Budi & Mr. Bezos!

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Response to SheltieLover (Reply #1)

Sat Nov 21, 2020, 11:02 PM

2. 👍 Glad to see some millionare or billionare doing more than just, 'talk the talk'

Ya know?

Put up or shut up... Lets hope Bezos' deeds of worth encourage many other of our millionares & billionares to follow.

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Response to Budi (Reply #2)

Sat Nov 21, 2020, 11:06 PM

3. Me too!

I'm hoping, too!

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Response to Budi (Original post)

Sat Nov 21, 2020, 11:34 PM

4. Bout damned time.

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Response to Lunabell (Reply #4)

Sat Nov 21, 2020, 11:56 PM

5. Really? C'mon 😒

These are a few programs he's funded in just recent years.


*$2 billion fund for education programs for the homeless

*$10 billion to fight climate change, Bezos Earth Fund

*$15 million to Princeton's Neuroscience Institute.

* $2.5 million to Washington United for Marriage, a group that fought for marriage equality.

*He has donated millions to education and homeless non-profits.

*Bezos has also contributed funds to organizations that fight for freedom of the press.

And more....

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Response to Budi (Reply #5)

Sun Nov 22, 2020, 06:43 AM

7. Yeah really

These are just little drops in the bucket for all the money he's made on the backs of his workers. It really and truly is the least he could do while his employees struggle to make ends meet.

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Response to Lunabell (Reply #7)

Sun Nov 22, 2020, 10:10 AM

8. Omg. Bezos is giving billions of his money to everyone but ME.

Who gives a shit about these charities anyway.
Who cares if he funds $10 billion to some EarthFund, who cares about those issues.
What abot ME!
(He's not the world's dad ffs.)
🙄

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Response to Budi (Original post)

Sun Nov 22, 2020, 12:00 AM

6. Great! Okay guys, who's next?

I want to see more of these rich dudes do something like this.....

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Response to FM123 (Reply #6)

Sun Nov 22, 2020, 02:46 PM

12. Wonder how much funding Loeffler's given to such prograams

Other than her off shore accts

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Response to Budi (Original post)


Response to CatLady78 (Reply #9)

Sun Nov 22, 2020, 02:31 PM

10. Perhaps one of the many groups he funds will put the donation towards such research.

I have no problem supporting Bezos or Amazon when what we're sending out, comes back around in such an inspiring & future positive way.

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Response to Budi (Reply #10)

Sun Nov 22, 2020, 02:34 PM

11. Agreed.nt

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Response to CatLady78 (Reply #11)

Sun Nov 22, 2020, 03:00 PM

13. It's a good start.

On Climate he's taken the top 4 established environmental groups under his umbrella. Until now each has had to operate seperately. They now become a more powerful voice as one.

Bezos is prepared to give $100 million each to four of the most established environmental groups in the country—the Nature Conservancy, the Environmental Defense Fund, the Natural Resources Defense Council, and the World Wildlife Fund,

Bezos has also committed $100 million to the World Resources Institute, a sustainability-research organization that operates globally, the two sources said.

And he has promised smaller amounts of $10 million to $50 million to four nonprofits that specialize in climate and energy research, the sources said.
Those groups are the Energy Foundation, the Union of Concerned Scientists, the ClimateWorks Foundation, and the Rocky Mountain Institute.

Sustainable development & many more research groups, & non profits are the latest recipients.
I haven't got a list of them all, but I would bet hunger & food is also in that newest group somewhere.
It'll be interesting to watch what they all do without the constrains of funding slowing their progress.

Its all good.

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Response to Budi (Reply #13)

Sun Nov 22, 2020, 06:08 PM

14. Thanks for the info

Well, given how dependent we are on Amazon post Covid, I am pleased to hear this.

I do wish their "if you like this, you might like these" suggestion algorithms offered more balanced stuff on politics but oh well...maybe they cannot work that way.

They are driving an insane right wing relative of mine crazier-she buys one crazy right wing book, they offer her more..and she is sort of self radicalizing without any external help....
But I don't blame Amazon for that..not sure what the solution is...re auto-radicalization of the crazy by algorithms.

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Response to CatLady78 (Reply #14)

Sun Nov 22, 2020, 06:24 PM

15. LOL.. "and she is sort of self radicalizing without any external help.."

Well at least her Amazon orders are now contributing to saving the planet, without her knowing.
Actually that's the best way to get even the most radicalized involved in doing their part.
..as she builds her library, even.
Crazy stuff !

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Response to Budi (Reply #15)

Sun Nov 22, 2020, 10:35 PM

16. I hadn't thought of that-good point.nt

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Response to Budi (Original post)

Tue Nov 24, 2020, 11:51 AM

17. He could just pay his workers, it percolates through economy, means less need

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