Jeff Bezos calls Donald Trump's attacks on media 'dangerous'

Jeff Bezos calls Donald Trump's attacks on media 'dangerous'

Philanthropy experts called Bezos' approach direct and pragmatic, but said its success would depend largely on how the money was allocated and how willing the billionaire was to make changes along the way. Previous to the creation of the Day One Fund, Bezos and his family had donated only $135 million to charities, including the Fred Hutchinson Cancer Research Center, a nonprofit providing scholarships for the children of parents who immigrated the US illegally and most recently to a bi-partisan organization that gives campaign support to veterans running for political office.

The Day 1 Academies Fund will launch and operate a network of high-quality, full-scholarship, Montessori-inspired pre-schools in low-income and underserved communities, he said.

Amazon Chief Executive Jeff Bezos said that President Trump is wrong for attacking the media. Bezos said it is important for politicians not to vilify big businesses since they can create so much value. The Amazon boss and his wife, who have four children, both serve on the foundation's board directors.

Bezos said he selected these two areas after getting thousands of ideas from an appeal he launched on Twitter previous year. At the time, he said he was interested in projects that address urgent need but also produce lasting impact.

"Never have I been more comfortable at an Amazon board meeting!" he wrote on Instagram.

But the attacks on the press - while risky - aren't stronger than US institutions, Bezos said. "The media is going to be fine", he said during the conversation with economic club president David Rubenstein.

Research shows 90 per cent of a child's brain development occurs before the age of 5, yet most charitable gifts pegged for education target older children, according to Makdessian.

Gates did not fully throw himself into philanthropy until he stepped down as CEO of Microsoft in 2000. "I know what Amazon could do when we were 10 people and I know what we could do when we were 1,000 and I know what we could do when we were 10,000, and I know what we could do the day when we are a half a million", he added. Bezos was previously criticized for giving relatively little to charity. This year, Gates also announced it was taking up systemic poverty in the U.S.

The need for a second headquarters comes as Amazon recently became the second US company after Apple Inc.to cross the $1 trillion mark.

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