Amazon CEO Jeff Bezos announced that he would be committing $10 billion to fight climate change through a new fund called the Bezos Earth Fund.
He announced his new fund in a post on Instagram.
Bezos stated that the funds will be used to help scientists, activists, NGOs, and “any effort that offers a real possibility” to help preserve the earth from the impact of climate change. Sources said that it would not engage in private sector investment, but focus entirely on charitable giving.
The fund plans to launch this summer, issuing grants, but currently, there are few confirmed details besides what Bezos shared on Instagram, so further information is unclear exactly how or when applications for grants will be accepted.
Currently, Bezos is worth about $130 billion, so while committing $10 billion to philanthropy is admirable, it isn’t taking a demonstrable chunk out of his net worth.
Bezos has been quieter than others about his philanthropy, though in 2018, he launched announce a network of free nonprofit preschools built in low-income communities. And before that in 2017, he polled Twitter for philanthropy ideas that could assist people in need in the near-term.