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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." Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Greater Tacoma Community Foundation
The Greater Tacoma Community Foundation, the Tacoma Whole Child Partnership, and Tacoma Public Schools address how school employees who work in a capacity often referred to as support staff can also...more
On an episode of On the Evidence, J.B. Wogan, Senior Manager of Strategic Communications, talk about a demonstration using home-delivered boxes packed with fruit, vegetables, and other shelf-stable...more
Maren Petersen-DeGroff, Children's Program coordinator at Parenting Now!, writes how a few hours a week in an intentionally prepared environment with age-based peers can help build the skills that...more
The U.S. Department of Education's Regional Educational Laboratory (REL) Mid-Atlantic has partnered with the New Jersey Department of Education (NJDOE) to provide support of their initiative called...more
Foundation: San Diego Foundation
A new impact investing partnership between The San Diego Foundation and local nonprofit Operation HOPE – North County is recently launched to enable organizations and donors to leverage charitable...more
Foundation: Bloomberg Philanthropies
Providence Talks is expanding into five additional U.S. cities. Bloomberg Philanthropies recently announced that Birmingham, Alabama, Detroit, Hartford, Louisville and Virginia Beach are picking up...more
Cartoon Network Studios and Exceptional Minds have recently launched a digital-arts mentorship program for people with autism. The inaugural pilot program will pair more than 20 Exceptional Minds...more
The U.S. Department of Health and Human Services (HHS) recently announced $351 million in funding to 56 states, territories, and nonprofit organizations through its Maternal, Infant, and Early...more
Foundation: Annie E. Casey Foundation, Lilly Endowment
Purdue University recently announced a $40 million Lilly Endowment grant to Purdue Research Foundation. The grant aims to help create Purdue's Engineering and Polytechnic Gateway Complex, a project...more
Rangan Srikhanta, founder of Sydney-based One Education and its offshoot One Laptop per Child, is one of five individuals from around the world to be given a Skoll Scholarship to study an MBA at the...more
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2014 National Awards Announces Finalists That Do Social Good
The 2014 Social Enterprise Awards, now on is 2nd year, has revealed its finalists, which include “businesses that turn household waste into wages, employ the disadvantaged through the baking of artisan breads, or transform the purchasing power of toilet paper into life-saving sanitation.”
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