The new philanthropic effort is called the Bezos Day One Fund, a nod to the executive's management philosophy that organisations must view every day with the fervour of a new start, or face stagnation and decline.
Who would have thought that with all the wealth in the world, the richest man on Planet earth would wore his pair of pajamas in a board meeting.
Now, with the announcement of the Bezos Day One Fund, we know what charitable areas the Bezoses will focus on.
Bezos said it is "healthy" for society to be "worried about big institutions" and agreed that they "should be examined, scrutinized, inspected".
Amazon has said the senator's statements about the company are "inaccurate and misleading". "It was a Day 1 outlook that made me reach out to ask for suggestions on approaches to philanthropy previous year". The first one, "The Day 1 Families Fund" will provide grants to organizations and groups that help accommodate homeless families, while "The Day 1 Academies Fund" will run a network of Montessori-based nurseries in impoverished communities.
Sawant is referring to the Seattle head tax that the Seattle City Council adopted and then repealed a month later. "The child will be the customer".
Bezos, who also owns The Washington Post and space exploration company Blue Origin, became the world's wealthiest person this year, with an estimated net worth of $164 billion, according to Bloomberg.
"We will build an organisation to directly operate these schools".
The foundation stepped up to help Seattle when the city worked to launch its universal pre-K program in 2014.
Many were eager to hear any hint of where Bezos had made a decision to put Amazon's second headquarters, with multiple locations in the Washington region in contention.
Bezos has yet to sign the Giving Pledge, an initiative launched by Gates encouraging billionaires to commit to giving away most of their wealth.
What Trump "should say (of criticism) is, 'This is right, this is good". Zuckerberg's shares in the social network are now valued at about US$61 billion.