Bezos Boosts Free Preschool Network with Multi-Million Dollar Donation
Jeff Bezos has made a important contribution to his nonprofit, Day 1 Academies, furthering its mission to provide tuition-free preschool education. The donation, consisting of 474,857 Amazon shares, is valued at nearly $97 million.
Expanding Access to Early Education
Day 1 Academies supports the Bezos Academy preschools, a growing network with locations in Washington, Texas, Florida, Hawaii, Arizona, and Kentucky. This latest donation follows previous contributions of shares worth $116.9 million in 2024 and $61.3 million in 2023, demonstrating a continued commitment to the initiative.
Did You Know?
Montessori-inspired education emphasizes hands-on learning and self-directed activity,fostering independence and critical thinking in young children.
Amazon’s Stock Performance Amplifies Impact
while the number of shares donated this year is less then in 2024, the increased value of Amazon stock, which closed at approximately $204.07, has compensated for the difference.The Puget Sound Business journal
reports that Mr.Bezos plans to sell up to 25 million Amazon shares in 2025, a move potentially worth $4.8 billion.
Day 1 Academies: A Closer Look
Founded in 2018,Day 1 Academies offers tuition-free,Montessori-inspired education to children from families earning up to 400% of the federal poverty level. This equates to roughly $128,600 for a family of four, ensuring that the program reaches those who need it most.
Pro Tip
Families interested in enrolling their children in Bezos Academy preschools should regularly check the Day 1 Academies website for updates on new locations and request deadlines.
Financial Health and Expansion
The nonprofit’s revenue last year was $65.23 million, primarily from donations and grants, which offset its $57.27 million in expenses. By the end of 2023, Day 1 Academies had nearly $95 million in net assets, positioning it for continued growth and impact.
Local Impact in Washington State
In Washington, where the nonprofit is based, Bezos Academy opened a new location in Kent last fall and plans to open another in Centralia. This will bring the total number of schools in Washington to 11 out of 41 nationwide, demonstrating a strong commitment to the local community.
