Jeff Bezos gave just 0.0906 percent of his money to charity

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Shocker, not.

From NY Post: For the world’s richest man, charity begins — and stays — at home.

Amazon founder and CEO Jeff Bezos has given only a tiny fraction of his $160 billion fortune to philanthropic causes, falling far behind fellow billionaires such as Bill and Melinda Gates and former New York mayor Michael Bloomberg, public records show.

Although Bezos, 55, and his estranged wife MacKenzie recently pledged $2 billion to a new charitable initiative, their previous giving amounts to a total of just over $145 million or .0906 percent — far less than one percent — of their net worth. Out of $100,000, that would be like spending $90.06 on charity.

“The record of both Amazon and Jeff Bezos reveals that they are takers, not givers,” said Queens City Councilman Jimmy Van Bramer, whose district includes Long Island City, where Amazon plans to set up a corporate headquarters. “When they make promises of how generous they will be, I look at what they have done in the past to know what the truth really is.”

Over nearly two decades, Jeff Bezos has given paltry donations to the Bezos Family Foundation, a charity that was started by his parents in Washington state in Sept. 2000, state incorporation filings show.

Between 2000 and 2017, Bezos contributed just under $6 million to the group that Jacklyn and Miguel Bezos kickstarted with $20,000. Ma and Pa Bezos, who were early investors in their son’s fledgling company in 1995, are worth as much as $30 billion today.

In 2004, Bezos, who had already amassed a net worth of just over $2 billion, joined the board of his parents’ non-profit, along with his wife and siblings Mark and Lisa and their respective partners, according to tax filings for the group reviewed by The Post.

But it was the parents who continued to finance the non-profit, mainly through donations of Amazon stock. In 2017, Jacklyn and Miguel Bezos contributed $30,266,250 in stock to their charity, public documents show. (The foundation makes donations to educational initiatives in the US and around the world.)

It wasn’t until 2011 that Jeff Bezos, whose wealth had shot up to more than $18 billion, finally gave his first contribution to the Bezos Family Foundation: $940,538 in Amazon stock through Zefram LLC, a company that he controls, federal filings show.

As his wealth climbed, Bezos continued to keep a tight rein on his cash, at least when it came to his family charity. In 2015, the year his wealth took a nearly $30 billion leap and his net worth shot up to $58.4 billion, the family foundation received a total of $5,002,590 in Amazon stock from Jeff and MacKenzie, public records show.

The $5,943,128 the tech titan donated to his parents’ charity over the last 17 years averages less than $350,000 annually.

Bezos has long been known for his stingy ways with employees at Amazon. According to Brad Stone’s 2013 book “The Everything Store,” meals in the company cafeterias are not subsidized for workers and new employees receive a backpack with orientation materials and various pieces of equipment, including a power adaptor, that they are asked to return upon resignation.

But in the last year Bezos seems to have opened his philanthropic spigot slightly. He took to Twitter to ask his 700,000 followers for suggestions on the direction his philanthropy should take, and he recently doled out $33 million to finance scholarships for undocumented immigrants who were brought to the US as children and $10 million to With Honor, a political action committee that helps veterans enter politics.

After announcing the creation of the Bezos Day One Fund, an initiative to battle homelessness and support early childhood education with the creation of Montessori schools in needy neighborhoods in September, Bezos earmarked $97.5 million to homeless charities across the country.

Still, the grand total of Bezos’s giving — $146,443,128 — is well below other major wealthy philanthropists, who signed on to billionaire investor Warren Buffett’s 2006 challenge to give half their fortune to philanthropy.

Read the whole story here.

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11 responses to “Jeff Bezos gave just 0.0906 percent of his money to charity

  1. “Out of $100,000, that would be like spending $90.06 on charity.”

    “Liberals” are notorious for being stingy with their own money. Some examples:

    (1) In September 1992, then Democratic vice president candidate Al Gore released his tax returns, showing that he had donated only $1,727 to charity, which was less than 1% of his annual income of $183,558.

    (2) During the 2008 presidential campaign, Joe Biden released his tax returns for the years 1998 to 2007. In 9 of the 10 years, Biden and his wife Jill, a community college instructor, gave less than $400 to charity. In one year, 1999, the Bidens contributed only $120 to charity—which was less than 1/16 of 1% of their adjusted gross income of $210,979. Biden was most generous in 2007, giving $995 out of an adjusted gross income of $319,853 to charity. Coincidentally, 2007 was also the year when Biden ran unsuccessfully for president. Altogether, the Bidens’ charitable contributions averaged to $369 a year—the equivalent of 0.3% of their income. In comparison, over the last five decades, the average American household gave about 2% of adjusted gross income, according to the Tax Foundation. Although Biden’s income was well above the median U. S. income, he contributed less than 1/10 of what the average American household gave to charity.

     
  2. Considering Gates’ money is for Eugenics, perhaps Bezos is doing us a favor. He is endemic of the new Capitalist Pig, greedy beyond measure, full of ego and vanity (“piss and vinegar”)1, and a deplorable human.

    But I love his company! Amazon has made the acquisition of useful items simple. When the Democrats turn America into a Communist Orwellian nightmare, Amazon will do the fulfillment.

    Too bad no one will have any money to spend.

    Share the wealth, Bezos, or go down in history as the biggest motherfucker on the planet. You don’t need more then a few billion, Geezus!

     
    • If china goes to war with us they would kill the goose with the golden egg. Enter their immediate demise. It will not happen unless some chinese moron hits the nuke button by mistake.

       
  3. Perhaps his goal is to be the richest man in the graveyard.

     
  4. That’s all the one eye-bandit can afford after his X and the attorneys are done with him, let’s not forget the last nail in the coffin Magpie Ocasio-Cortes.

     
  5. “The foundation makes donations to educational initiatives in the US and around the world,” according to the article. That wording, “education initiatives” (sometimes distinguished from “thrusts”) caught my eye, so I did two minutes’ research and was led to stuff like understanding the “wiring of the prefrontal cortex” in places like the “Developmental Social Cognitive Neuroscience Lab,” observing children’s “prefrontal and orbitofrontal contributions to executive function (using EEG/ERP and fMRI),” where I gather “executive function” is a silly term for teaching everyday self control to little kids, contradictorily, it appears, by training them as if they were lab rats.

    One of the ironies of liberalism’s reckless assault on tradition and family in every form is this inadvertent admission that social manipulation of minorities through destructive welfare dependence has produced a cottage industry to correct the horrors inflicted on small children from welfare families, by supposedly re-wiring little black and Mexican kids from the projects so they can function at all. Virtually all children are amazing learners, but as the Cambridge experiment showed, while students may develop self control, more likely they will not if they’re subjects in psychological experiments, where they intuitively see through the bullsh*t and respond to their implied inferiority in the programming sessions and act accordingly. Instead of ending up as scientists, judges, doctors, etc as the foundation claims these “initiatives” (or “thrusts”) will produce, these poor kids follow the implied script into hopeless inferiority, disaffection, and jail.

    They’re born helpless, yet almost all kids in no time walk, talk, laugh, conceptualize incredibly complex spacial and temporal relations, and in general, even the most average of them have fifty times the language powers of the most advanced AI supercomputers by the time they’re five. But if you want zombies to man Amazon warehouses, give them anything but the rigorous, traditional teaching methods of just a few decades ago.

     
  6. This man is infamous for being unkind to the many people who work in his companies.

     
  7. fork over the 70% Bezos or start kissing Trump’s a$$

     
  8. “Funny” how these BILLIONAIRE Leftwingers believe in Socialism and Sharing (YOUR) property………. but Their’s is THEIR’S ….. no WAY are they gonna share.
    Time for the 1% and Corporations to contribute PROPORTIONATELY to the National Defense.
    The Workers give their LIVES get maimed and killed.
    The Workers Pay high taxes for ONE house with a MORTGAGE.
    The !% and Corporations have multiple houses, pay ever decreasing taxes and enjoy the FAT of the land.
    Seven skinny cows eating seven FAT cows …… is Anyone CONSERVATIVE left in America?
    This year the BANKSTERS take $523 billion from you as “interest” on just the National Debt. Here is the Debt Clock – http://www.usdebtclock.org/ — you can watch it real time. This is at a time of historically low rates ….. what happens when rates go up? Trump is INCREASING the debt, and thus the interest payments at a time of increasing interest rates. You pay your debts off when times are good ….. remember the 7 skinny cows eating the 7 fat cows???
    Keep digging — http://investmentwatchblog.com/credit-card-payments-and-subprime-auto-defaults-are-soaring-holiday-spending-set-to-hit-12-year-high-thanks-to-debt/
    Get some FACTS straight …. the DOW, NASDAQ, & S&P are hitting all time highs. Unemployment is supposed to be at all time LOWS. We are supposedly having a glorious upsurge in the economy, If we do not pay off the debt NOW when will we? All this glorious economic news and we still have DEFICITS?! Why do you have to “cut taxes for the already rich” so they will supposedly be inspired to create more jobs …… when everybody is supposedly employed???!! And the true job creation is proven to be by Small Business and financed by Middle Class spending, NOT by millionaires.
    “the tax cut is an exercise in willful blindness. The same no doubt could be said for the 1981 Reagan tax cuts, which predictably led to unprecedented deficits when Republicans as well as Democrats balked at making offsetting budget cuts. Yet at the time a whole band of officials in the White House and the Congress clamored, in some cases desperately, for such reductions. They accepted a realm of objective reality that existed separately from their own wishes. But in 2017, when the Congressional Budget Office and other neutral arbiters concluded that the tax cuts would not begin to pay for themselves, the White House and congressional leaders simply dismissed the forecasts as too gloomy.” http://www.zerohedge.com/news/2017-12-25/us-has-reached-last-stage-collapse
    “Alas, all you suckers out there are , like this writer, a few paychecks away from financial uncertainty. The less than one thousand dollars extra per year that this bill will throw you is nothing compared to the mega millions the super rich and the large corporations will see added to their spreadsheets. https://www.globalresearch.ca/must-be-the-season-of-the-rich/5623913
    Whilst the elite owns most of the assets, ordinary people own the debt. Not just their own debt but also the public debt burden which irresponsible governments have built up, including unfunded liabilities such as pension and medical care. And when the financial system fails, ordinary people will suffer the most.
    “USA is ‘out of whack’ with the rest of the world” ???? USA is fighting and PAYING for most of the WARS. Make those other countries pay for the wars and watch their tax rates rise. Better yet …. STOP the wars we are in. We are losing them anyway ……………
    We should be raising taxes. If these Billionaires had to pay a proportionate amount equal to the benefit they derive from Us protecting Their money, property, LIVES …….. they would take an interest in getting a GOOD government not just one that serves their immediate interests …. They would insist on ending corruption and waste and balancing the books. People whine there is no such thing as “fair” taxes ,,,,, but there is . The Workers pay with blood & money for ONE house with a mortgage to the BANKSTERS ….. counting all they pay for state, local, sales, federal taxes 1/3 of their gross. The Billionaires whine they need tax cuts “to create jobs” and NEVER SERVE in uniform so they never get PTSD, amputations, maimed or die.
    TAKE 90% of their gross because they own multiple homes with NO mortgages.
    It is past time these Billionaires & mega-corporations PAY for the wars from which they profit and which protect them. Either PAY for the wars, or we put your Boards of Directors in the Front Lines to BLEED with us working stiffs. You want to move your corporation, OUR JOBS, to another country to dodge taxes here? So WE have to pay for your wars? Over YOUR DEAD BODIES. The U.S. has intervened militarily and covertly in so many nations it is impossible to recount them all but in every case the American military is protecting some investments of value to American corporations, or a strategic position or both.
    Those who benefit the most should contribute a proportionate share.
    Amazing that all these leftwing tech billionaires do not want to share THEIR wealth. They always talk left wing “communalism” but they clutch their money like it is life itself ….Even when they “give” charity it is through THEIR trusts &foundations that THEY control and reapTAX BENEFITS FROM. Even though They are always eager to spread YOUR money around……
    Time for the 1% to contribute PROPORTIONALLY to the War Efforts. Much is expected from those to whom much is given.
    Some of our Troops give ALL, or are maimed for life,and the 1% balks at giving MONEY when they have so much?!
    Cut taxes for the “Rich” so they will invest their money in creating more jobs? By that logic giving ALL your money to the Rich would make Everyone rich. Humanity already tried that. It was called FEUDALISM, a primitive form of COMMUNISM.
    LISTEN to what these neocon PSEUDO-capitalists are saying:
    “TAKE from the POOR and GIVE to the RICH”
    “FROM each according to their ABILITY, TO each according to their NEED. The POOR have the ABILITY to be squeezed for more taxes …….. and the Rich NEED more money …… to create jobs”???????.
    This is INSANITY, this is C-O-M-M-U-N-I-S-M by a different name.
    MAKE ZUCKerberg and these other Billionaires want to flood the labor pool and drive down YOUR wages with cheap illegals & invaders ….. . As it is, YOU pay to bring in and train YOUR replacements.
    The rich “Nobles” paid NO taxes and they created LOTS of jobs for the SERFS and PEASANTS………building CASTLES and making life better for the RICH-NOBILITY. Work and Taxes was all the Serfs knew. Where do the heroic figures of Robin Hood and William Tell spring from if not resistance to this inane idea? Seing this extremist idea dragged out of the muck of history proves to me that our Nation has truly been DUMBED DOWN and Public Schools need to be upgraded and intensified.
    Quit living in Never-Never Land where Wars are not paid for. The Founding Fathers of America didn’t. The Founding Fathers were rich, but they knew it was their CIVIC DUTY to contribute. It was called LEADERSHIP. They personally “raised” entire companies of men for the war. That means THEY PAID FOR THEM. Not like today when the YELLOW-BELLIED-DRAFT-DODGING Neocan WAR PROFITEERS beat the drums for endless war, and insist that YOU pay for it, while they reap profit off Defense Stocks. It is REALITY CHECK time America. Make those who pound the War Drums, GO TO THE WAR.

     
  9. the new civility

    Hopefully he got a good deal on the Washington Compost so he can run fake newz 24/7. $250 million probably isn’t a good deal for that bird cage lining.
    I once made the mistake of buying from Amazon but that won’t be happening again.
    Dim witted sheep dullards won’t even notice when it becomes the United States of Amazon powered by robots hecho en China.

     
  10. Ah, the Bezos Family Foundation… like the Clinton Family Foundation– a tax break on donated money and 94% goes to “overhead,” I’ll bet.

     

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