Jeff Bezos donated nearly $120 million to charity

Amazon founder Jeff Bezos donated another $100 million this week, according to peer-reviewed Securities and Exchange Filings. Forbes, but it’s unclear which nonprofit he donated to.

According to an SEC filing on Tuesday, Bezos transferred 47,727 Amazon shares to an unnamed nonprofit, for a total value of 118 million, according to the closing price of the shares on that day.

Bezos does most of his philanthropy through donations of Amazon stock, that the receiving nonprofit can sell without paying capital gains tax. Since the beginning of this year, Bezos has given away 84,030 Amazon shares worth $233 million to unidentified nonprofits, according to SEC filings.

A Bezos spokesman did not immediately respond to a request for comment from Forbes about the donation. Bezos is not required to reveal which nonprofits receive his shares, though the mogul does tend to publicly announce his large donations..

Bezos has made a few $100 million donations in recent years as he has stepped up his philanthropy. In 2021 alone, he donated $100 million to former President Barack Obama’s Foundation, as well as World Central Kitchen chef José Andrés and non-profit founder Van Jones to donate to charities around the world. your choice.

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Besides, made one $200 million pledge to the Smithsonian Air and Space Museum in last july, just a few days before he blasted off into space on his Blue Origin rocket. Bezos has also been donating $100 million per year to organizations that help homeless families as part of his Day One Fund initiative.

One possibility is that shares awarded this year will go to environmental nonprofits as part of the Bezos Earth Fund, the Amazon founder’s $10 billion initiative to combat climate change. So far, the fund has awarded $1.4 billion since its launch in 2020, according to its website.

Although it appeared on the list of Forbes of the best first-time donors this year, Bezos’s overall giving pales in comparison to that of his ex-wife, MacKenzie Scott, who is giving away her fortune at a faster rate than anyone in modern history. According to the calculations of ForbesBezos has donated $2.4 billion during his lifetime, while Scott has given five times that amount: $12.5 billion. She still has an estimated net worth of $34.3 billion. Bezos, the world’s third-richest person as of Friday afternoon, is worth an estimated $141.6 billion.

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*Published in Forbes US

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