Jeff Bezos’ Day 1 Fund: 5 Fast Facts You Need to Know

Amazon founder and billionaire Jeff Bezos says he’s going to put two billion dollars towards a fund that will provide housing for homeless families and preschools for children in low-income areas. Bezos announced the plan, which he’s calling the Day One Fund, in a tweet on Thursday.

The Day One Fund includes the Day One Families Fund, which will help agencies that work with homeless families, and also the Day One Academies Fund, which will launch and run a series of schools for young children.

Here’s what you need to know:

1. Bezos Says That At His Schools, Kids Will Be Treated Like Amazon Customers

Bezos says that the new preschools will run on the same principles he uses to run Amazon. He wrote, “Most important among those [principles] will be genuine, intense customer obsession. The child will be the customer.” Bezos then went on to quote Irish poet William Butler Yeats, saying, “Education is not the filling of a pail, but the lighting of a fire.”

Bezos says the schools will be run according to Montessori principles. Montessori schools are based on a child-centered, flexible curriculum which tends to de-emphasize testing and focus instead on the needs of individual children. The schools are inspired by the theories of Maria Montessori, an Italian doctor and teacher. They take an optimistic view of education, believing that children tend to want knowledge and that a teacher’s job is to give them the tools to learn best, rather than to force-feed them information.

Bezos says he plans to create a network of his preschools in “underserved” areas. He says the schools will offer full scholarships to students, although it’s not clear whether every student will get that scholarship.

2. Bezos’ Day 1 Families Fund Will Finance Companies that Do ‘Needle Moving’ Work With Homeless Families

Bezos says he wants to fund groups that work to provide shelter and food to young families in need. He plans to give an annual prize to organizations that are doing “needle moving” work with the homeless. Bezos says he is basing his mission statement off of Mary’s Place, a Seattle homeless shelter. Amazon has been partnering with Mary’s Place since 2016 to help provide emergency shelter for women and local families.

Mary’s Place provides day centers, family centers, and night shelters for people in the Seattle area. Bezos wrote that the vision for his new homeless fund “comes from the inspiring Mary’s Place in Seattle: no child sleeps outside.”

3. Bezos Says He Is Already ‘Supporting American Democracy’ By Running the Washington Post

Nobody would call Jeff Bezos a modest man, so it shouldn’t come as a surprise that Bezos believes he is already providing a major service to the future of civilization itself. This new charity is apparently just one more step for him.

In announcing the Day 1 Fund, Bezos wrote, “In addition to Amazon, my area of focus so far have included investment in the future of our planet and civilization through the …read more



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