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.
