The Seattle City Council unanimously backed the proposed business tax, dubbed "Amazon Tax", in May, only to back down a month later after Amazon halted the construction planning for a new high-rise in the city. Amazon has said Sanders' statements about the company were "inaccurate and misleading".
The Bezos Day One Fund will be made up of the Families Fund and the Academics Fund. The first one, "The Day 1 Families Fund" will provide grants to organizations and groups that help accommodate homeless families, while "The Day 1 Academies Fund" will run a network of Montessori-based nurseries in impoverished communities. The most notable involving more than $40 million USA to the local nonprofit FareStart - a hospitality training program and restaurant business that aims to combat homelessness and poverty - and Mary's Place, whose mission to find and provide shelter for every child. Amazon's Jeff Bezos attended a board meeting in pajamas to raise awareness about childhood cancer, which is the second leading cause of death in the U.S. between kids aged 4 and 14. Most important among those will be genuine, intense customer obsession. Since March 2016, Amazon customers have also been able to order items from the Mary's Place's wishlist on the site, such as diapers and socks.
The announcement marks a deeper foray into philanthropy for Bezos, whose fortune has soared to more than $160 billion thanks to his stake in Amazon.
His net worth has risen by US$64.7 billion this year alone as Amazon's shares surged.
The Bezos cash injection follows the philanthropic efforts of other billionaires including Microsoft's Bill Gates, who has donated tens of billions to his foundation.
Last year Bezos solicited advice from the public via Twitter, asking how he could best use his wealth to help people "right now". At the time, he said he was interested in projects that address urgent need but also produce lasting impact. The missive set off a frenzy of responses from every corner of the world, including pleas to support health care, loan forgiveness and even offbeat appeals to back a leather fetish museum in Chicago.
Outside that, Bezos and his family's known donations have included gifts to Princeton University and Seattle's Fred Hutchinson Cancer Research Centre, according to the Chronicle of Philanthropy. The Washington Posts top editor has said that Mr. Bezos has no involvement in its news coverage.
"If you're the president of the United States, you don't take that job thinking you're not going to be scrutinized", Bezos said, adding that he'd had "a couple of conversations" with Donald Trump, though he declined to elaborate.