Bezos Pledges Additional $203.7 Million in Grants for Earth Fund

Jeff Bezos promised to give away $203.7 million by the end of the year as part of the Bezos Earth Fund, his $10 billion commitment to fight climate change, which he started last year.

Bezos is immediately donating $73.7 million of the total to 12 organizations, with the rest being granted by the end of the year to groups supporting the Justice40 Initiative, according to a statement Wednesday from the Bezos Earth Fund. The Justice40 Initiative is an effort by the Biden administration aimed at fighting climate change and supporting disadvantaged communities.

The gifts will bring the Bezos Earth Fund’s total donations to just under $1 billion, with 2020’s gifts totaling $791 million to 16 organizations. Bezos has promised to distribute the $10 billion by 2030.

“This funding is just the next step in the Bezos Earth Fund’s commitment to creating catalytic change during this decisive decade,” Andrew Steer, the group’s president, said in the statement.

Bezos recently unloaded $172 million worth of Amazon.com Inc. stock, which was designated as a charitable contribution, according to filings with the Securities and Exchange Commission. Bezos, 57, has been on a giving spree recently, with a pair of philanthropic announcements sandwiching his trip to space.