Jeff Bezos Just Gave Away Nearly $120 MillionAccording to an SEC filing,
Bezos transferred 47,727 shares of Amazon stock to an unnamed nonprofit, worth a total of $118 million.
Bezos does most of his philanthropy through
gifts of Amazon shares, which the receiving nonprofit is allowed to sell without paying capital gains taxes. Since the beginning of this year, Bezos has
gifted 84,030 Amazon shares worth $233 million to unnamed nonprofits, according to SEC filings.
Bezos has made a smattering of
$100 million donations in recent years as he’s stepped up his philanthropy. In 2021 alone, he gave $100 million to former president Barack Obama’s
Foundation, as well as to
World Central Kitchen’s chef José Andrés and nonprofit founder
Van Jones to give to charities of their choice. And he made a $200 million pledge to the Smithsonian’s
Air and Space Museum last July.
