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Jeff Bezos, founder, CEO, and president of Amazon.com, decided to try something different with his new billion-dollar charity, Day One Families Fund.
Bezos, through his charity, announced that he would give $2 billion to boost homelessness services and early childhood education in the US.
He granted $100 million to two dozen nonprofits working to provide shelter to homeless families across the country.
Based on Recode’s interviews with eight of those funded by Bezos and others familiar with his donations, he has done something that even the nonprofits receiving his millions remark is highly unusual: He has given them life-changing money with virtually no restrictions, formal vetting, or oversight.
In fact, multiple experts told Recode this strategy actually makes a lot of sense. There are still risks, but with proper oversight, this strategy could actually work.
According to Recode, the hope is that Bezos's emerging strategy will "challenge the conventional wisdom that a long leash is a bad thing for a nonprofit."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"They have over 100 lobbyists walking the halls here with us today and they're awash in money and it's really a Sisyphean challenge for a bunch of parents to fight against these big interests," says...more
"Now is the time for creative, collaborative solutions that will drive positive outcomes for all children." That's the message from the Saul Zaentz Early Education Initiative at the Harvard...more
A London-based tech startup has come up with 3D-printed headphones specifically designed for kidsand they're going on sale next year, Fast Company reports. The Kibu Headphones, which were...more
The University of Pennsylvania is giving $100,000 each to six students who plan to use their knowledge of science, technology, engineering, and math to make a positive difference in the...more
"By translating seamlessly manual drawings into mesmerizing masterpieces, DoDoboo harnesses the power of artificial intelligence to amplify children's creativity, encouraging them to explore,...more
" dystopia, not only would KOSA censor what children see, but it would further empower the government to ramp up the online surveillance of all internet users by mandating the expansion and use of...more
It's that time of year again: time for kids to spend too much time on their phones, tablets, and other electronic devices and not enough time with their parents. And it's a problem that needs...more
One in 25 children in the Netherlands suffers from amblyopia, or lazy eye, which causes them to see something different in one eye than in the other, Phys.org reports. Fortunately, there's a...more
Want your child's early care and education (ECE) program to stay on the up-and-up? Try using a digital wallet instead of a paper check, according to the Early Care and Education Association. The...more
"We're going to get them, we're going to get them, we're going to protect them, we're going to help them, and we're going to be there for them when they need us." That's the promise of an...more
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Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
