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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.
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If you're in Casper, Wyo., and want to see what your kids are doing in high school, you're in luck. The Natrona County School District is holding an open house Tuesday at its Pathways Innovation...more
The UAE's Mohammed bin Rashid Al Maktoum Knowledge Foundation is offering a free two-month workshop for kids to illustrate children's stories, the National reports. "The key goal of the workshop...more
"The impact of childhood cancers is profoundly devastating, both on the young patients and their families." So says Bjarne Eggesbo, executive director and co-founder of the Bardo Foundation, a...more
Children's Hospital of Philadelphia is getting a $50 million boost from a New York City real estate mogul and his wife. The hospital says Mitchell Morgan and his wife, Hilarie, have donated the...more
Michael Orth has spent three decades working to improve children's mental health in New York's Westchester County, and on Tuesday he received the state's Lifetime Achievement Award for his...more
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Spotlight
Celebrity Chef Jamie Oliver Backs Social Saturday
UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.
