Jeff Bezos has donated $684 million worth of Amazon stock to non-profits

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Jeff Bezos has donated shares worth $684 million from the Bezos Earth Fund to multiple non-profit organizations.

Until recently, Bezos has regularly been criticized for his modest philanthropic efforts. In the meantime, he became the world’s richest person with an estimated fortune of $183.6 billion.  Earlier this year, the billionaire founded his Earth Fund, designed to battle climate change. This $10 billion endeavor has been active since February this year. 

In a recent Instagram post, Jeff Bezos announced that he had selected sixteen NGOs to receive grants from his Bezos Earth Fund.

The list of Grantees include: 

• World Wildlife Fund
• World Resources Institute
• Union of Concerned Scientists
• Salk Institute for Biological Studies
• The Nature Conservancy
• Natural Resources Defense Council
• NDN Collective
• Rocky Mountain Institute
• The Solutions Project
• Dream Corps Green For All
• Energy Foundation
• Environmental Defense Fund
• Eden Reforestation Projects
• The Climate and Clean Energy Equity Fund
• The Hive Fund for Climate and Gender Justice
• ClimateWorks Foundation

In his Instagram post, Bezos explained that he had spent months working with a group of “incredibly smart people” whose mission is to battle climate change and its negative impact worldwide. 

The sixteen organizations received 220,825 Amazon shares, whose worth is $684 million. According to a filing with the U.S. Securities and Exchange Commission, Jeff Bezos has donated stock totaling $856 million this year. 

Earlier in November, Jeff Bezos sold Amazon stock worth $3 billion this year separately from his Earth Fund. All in all, so far in 2020, he sold Amazon stocks worth $10 billion.

What do you think? How do you feel about the Earth Fund? Let us know down below in the comments or carry the discussion over to our Twitter or Facebook.

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Deep Ballu