Nonprofits serving homeless families will receive nearly $100 million from one of Amazon founder Jeff Bezos’ charitable funds, Bezos announced Wednesday on Instagram.
The Bezos Day 1 Families Fund will distribute $96.2 million in grants to 32 groups in 21 states “to continue their critical work providing shelter and support for young families,” an announcement on the fund’s website said. Recipients include Destination: Home, a San Jose, Calif., nonprofit that will use its $5 million grant to support a campaign to end family homelessness in Santa Clara County — in the heart of Silicon Valley — by 2025, the group said on its website.
– MarketWatch inputs
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