Bezos Donates $33 Million to Dreamers' Scholarship Fund

Bezos Donates $33 Million to Dreamers' Scholarship Fund

"My dad came to the US when he was 16 as part of Operation Pedro Ban", Bezos said in a statement. In announcing the donation, Bezos talked about his father, who was unable to speak English when he arrived in the United States from Cuba as a 16-year-old.

Bezos' wealth recently hit. "MacKenzie and I are honored to be able to help today's Dreamers by funding these scholarships". Almost 3,000 students are now part of TheDream.US program. While Gates didn't begin to build the Bill & Melinda Gates foundation until after he stepped down as Microsoft's CEO, it's possible Bezos could step in earlier - he already sits on the board of the Bezos Family Foundation, which his parents, Jackie and Mike Bezos, run.

The money will go to TheDream.US, a nonprofit that has been helping send such kids, known as the dreamers, go to college. The grant, the largest in the organization's history, will give 1,000 undocumented immigrant graduates of USA high schools with DACA status the opportunity to go to college. They are ineligible for federal grants and loans, and get no state aid in 44 states.

Currently, the organization works with 15 cheap colleges and offers funds of $33,000 to qualifying Dreamers to offset the costs of tuition, books, fees and lodging.

Bezos Donates $33 Million to Dreamers' Scholarship Fund
Bezos Donates $33 Million to Dreamers' Scholarship Fund

"Our students are highly motivated and determined to succeed in college and in life", Candy Marshall, president of TheDream.US, said in a statement. They also must pay out-of-state or worldwide tuition, which often more than three times in-state tuition in more than 15 states.

The program is less than four years old so there are no graduation rates yet. 94% return to their college after the first year; the national average is 72%.

Bezos, who is the wealthiest person in the world, and his wife, MacKenzie, will be donating the sum to TheDream.US, a scholarship program that has awarded more than 1,700 immigrants more than $19 million in financial assistance since it launched in 2014.

"The surest path to the American dream and contribution to the U.S. economy is through a college education", said Henry R. Muñoz III, principal of San Antonio, Texas-based Munoz & Co. and a co-founder of TheDream.US, along with former U.S. Commerce Secretary Carlos Gutierrez. NVF reported $56 million, including grants of $23 million, toward youth development and education, according to its 2015 Form 990.

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