It’s a rare instance of cooperation between one of Wall Street’s favorite charities and a democratic socialist mayor who once said he didn’t believe billionaires should exist. Robin Hood, one of New York’s largest charitable organizations—and one ...
It’s a rare instance of cooperation between one of Wall Street’s favorite charities and a democratic socialist mayor who once said he didn’t believe billionaires should exist. Robin Hood, one of New York’s largest charitable organizations—and one of Wall Street’s favorites—announced it had received a $100 million gift from the Bezos family, the parents of billionaire Amazon founder Jeff Bezos. The donation establishes the Jackie Bezos Endowment for Early Childhood, which will prioritize funding for education and early childhood development. It includes a pledge of an additional $25 million, subject to a match, for a total of $150 million. Jackie Bezos, Jeff Bezos’s mother, is a former board member of Robin Hood. The donation goes to a cause New York City Mayor Zohran Mamdani has long advocated for: expanded childhood education. After campaigning on the issue throughout the Democratic primary and into the general election last year, the mayor announced last month that 2-K programming, free early care, and education starting at age 2, would be free and universally accessible year-round. Read more [paywall removed for Redditors]: https://fortune.com/2026/05/12/bezos-family-donation-child-care-zohran-mamdani/?utm_source=reddit/ submitted by /u/fortune [link] [comments]
