The Bezos family has donated $100 million to Robin Hood, a major New York-based anti-poverty nonprofit, to establish the Jackie Bezos Endowment for Early Childhood. The endowment will support education and early childhood development programs, an area also prioritized by New York City Mayor Zohran Mamdani.<\/p>\n
The family of Amazon.com\u2019s (NASDAQ:<\/a>AMZN<\/a>) billionaire founder\u00a0Jeff Bezos\u00a0has also committed an additional $25 million, contingent on a match, potentially bringing the total donation to $150 million. <\/p>\n His mom, the late Jackie Bezos, served on Robin Hood Foundation’s Board of Directors for a decade, including as chair of its Early Childhood Committee, where she shaped the organization’s early childhood initiatives.<\/p>\n Robin Hood, a charity favored by Wall Street\u2019s elite, was established by hedge fund billionaire\u00a0Paul Tudor Jones\u00a0in 1988. The organization supports over 300 nonprofits across New York\u2019s five boroughs, has helped over 32,000 New Yorkers secure housing, and raised more than $115 million to assist\u00a0city residents during the COVID-19\u00a0pandemic.<\/p>\n Robin Hood CEO\u00a0Richard R. Buery, Jr.\u00a0highlighted the significance of philanthropic donations in achieving the city\u2019s childcare expansion goals, stating, \u201cThe\u00a0role of philanthropy is to\u00a0try to help the city\u00a0to fund and deploy those\u00a0resources more effectively.\u201d<\/p>\n Focus On Childcare Programs<\/p>\n Mamdani has advocated for expanded childhood education. Last month, the mayor announced\u00a0that 2-K programming, free early\u00a0care and education starting at\u00a0age 2, would be universally accessible year-round.<\/p>\n