Amazon CEO Jeff Bezos Is Making a Big Donation to Help Dreamers

Saturday, 13 Jan, 2018

Amazon owner Jeff Bezos chose to donate $33 million for a scholarship fund for children who were brought illegally to the United States by their parents, he announced Friday. In partnership with over 70 low-priced colleges in 15 states, TheDream.US offers individual students $33,000 in scholarship aid over four years to help them cover the cost of tuition, fees and books.

Don Graham chairman of Graham Holdings Co., and co-founder of TheDream.US, added: "All of us would like to thank Jeff and MacKenzie". There are 2,850 students now enrolled in college under the program, which works out to more than $23.5 million in aid, but approximately 800,000 Dreamers who have received DACA status since 2012. The move by Bezos move comes as the White House rejected a bipartisan deal to keep them in the country.

The students will be eligible to attend one of 76 colleges and universities in 15 states that partner with the scholarship fund.

According to TheDream.US website, the group is "working to help over 4,000 highly motivated DREAMers graduate from college with career-ready degrees". They also must pay out-of-state or worldwide tuition, which often more than three times in-state tuition in more than 15 states.

In the statement, Bezos noted that his father came to the USA from Cuba when he was 16, and that he wanted to help "today's Dreamers" with the donation to the scholarship program. With a lot of grit and determination - and the help of some remarkable organizations in DE - my dad became an outstanding citizen, and he continues to give back to the country that he feels blessed him in so many ways.

Bezos permanently surpassed Microsoft cofounder Bill Gates to become the world's richest person in October, and was named the richest person of all time Tuesday.

But TheDream.US provides each participant with a total of $33,000 in scholarship funds over the course of four years, which helps pay for their tuition, books and fees.

Other donors to TheDream.US include Bezos' parents Miguel and Jackie, Pierre Omidyar, the Bill and Melinda Gates Foundation, the Ford Foundation, the Coca-Cola and PepsiCo Foundations, the Chan Zuckerberg Initiative and Bloomberg Philanthropies. We expect a 75% graduation rate. The organization is accepting applications from Dreamers in 15 states until March 1, she said.