Jeff Bezos pledges $100 million to Obama Foundation

Jeff Bezos and his wife MacKenzie, have pledged a $100 million to the Obama Foundation.

The $100 million gift to Obama’s presidential center is announced a month after President Barack Obama’s campaign announced the first wave of sponsorships for the Obama Foundation’s flagship event: The Summit.

“Over the years we have deepened our relationship with the Obama family and our friendship is as strong as ever,” Bezos said in a statement. “I am inspired by President Obama’s commitment to the common good and inspired by the talent and energy of the people who are helping him lead his foundation into the future.”

The donation is part of a long-term commitment the Bezos family is making to support the Obama Foundation’s mission, along with other foundations, charitable funds and communities across the world.

“As we begin to celebrate and take stock of our incredible story, we must take stock of who we are and who we aspire to be,” Obama said in a statement. “Building out an incredible legacy is both our privilege and our responsibility.”

In 2014, the Bezoses contributed $30 million to the Chicago Public Schools Foundation and in 2016 they donated $20 million to Habitat for Humanity’s community builders.

Billionaire philanthropist and Amazon CEO Jeff Bezos has set aside $100 million in his fortune to the Obama Foundation.

The new contribution is the single largest contribution by an individual to the Obama Foundation.

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