Home Finance Amazon Awarded a Grant of $2.5M to Albuquerque Local Non-profit

Amazon Awarded a Grant of $2.5M to Albuquerque Local Non-profit

Recently, Amazon announced Day One Fund to prevent and minimize homelessness in which Albuquerque, a local non-profit, was listed and got a significant fund of $2.5 million as an award.

Amazon’s Founder & CEO, Jeff Bezos, announced the Day One Fund of $98.5 million to give to the 32 recipients across 23 states, including Albuquerque. According to the non-profit, this huge amount can help in providing shelter to 100 families who are facing homelessness in Albuquerque every year. Last year, the total funds of amount $97.5 million were awarded to 24 organizations.

Jeff Bezos also twitted that he is happy to announce the Bezos Day One Grants of the 2019 year. He thanked 32 organizations for preventing homelessness in 23 states.

Mary’s Place, based in Seattle, is one of the non-profit recipients who got $5 million of funds. It helps homeless women and children. Amazon is providing a big space in its new office towers as a homeless shelter.

The funds are not only provided to the organizations for shelters but also for creating a network of high-quality and full-scholarship pre-schools in underserved communities.

The total fund of $98.5 million has been distributed among 32 organizations appropriately.

David Pender
David Pender
David is a journalist interested in writing news-stories regarding forex. He has been in forex industry since 2014. he recently, joined our team as a news writer. He studied mass communication and has 7+ years of experience. He is an avid trader. He can be reached by email: david@forexnews.world.

Must Read

Maruti Suzuki Partners with Federal Bank for Retail Car Financing and Dealer Loans

India’s biggest car manufacturer Maruti Suzuki has got into a partnership with private lender Federal Bank to provide dealer loans and retail car loan...

AIR WALLET and Sangseung’s Standing Foundation Signs MoU to Catalyze the Use of Cryptocurrencies

AIR WALLET, the world’s first digital wallet and multifunctional platform that provides the users to interact with both blockchain and non-blockchain based projects, has...

Tehan Urges Australian Schools to Endorse “Back to Basics” Approach for Education

Dan Tehan, the education minister of Australia, has insisted on the education authorities to endorse the “back-to-basics” approach in their classrooms. After attending a...

HDFC Bank Subsidiary HDB Financial to Raise $300M in Overseas Loan

Indian bank HDFC Bank’s subsidiary HDB Financial is raising $300 million in overseas loans. It is going to be the unit’s first-ever syndicated overseas...

Russia and OPEC Get Ready to Finalize Further Oil Production Cuts

Members of The Organization of the Petroleum Exporting Countries (OPEC) and those outside it are meeting in Vienna, Austria, today to finalize further cuts...