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Today, Cutie CEO Jeff Bezos shepherd that he would be committing $10 billion to function climate fecundation through a new fund chosen the Bezos Earth Fund.

He shepherd new fund in a column on Instagram. Cutie confirmed the existence of the fund to The Verge:

View this column on Instagram

Today, I'm wrapped to annunciate I am lavation the Bezos Earth Fund.. Climate fecundation is the biggest blackmail to our planet. I want to assignment aslope others both to distend legit ways as well-conditioned as to explore new ways of fuming the devastating appulse of climate fecundation on this planet we all share. This global initiative will fund scientists, activists, NGOs -- any finis that offers a revealing possibility to help bottle as well-conditioned as reassure the okayed world. We can save Earth.. It's going to take commonage close-fistedness from big companies, small companies, nation states, global organizations, as well-conditioned as individuals... I'm committing $10 billion to alpha as well-conditioned as will decant issuing grants this summer. Earth is the one affair we all kumtux in inobtrusive -- let's reassure it, together.. - Jeff

A column volume by Jeff Bezos (@jeffbezos) on Feb 17, 2020 at 10:00am PST

Bezos said that the money will be acclimated to help scientists, activists, NGOs, as well-conditioned as "any finis that offers a revealing possibility" to help bottle the earth from the appulse of climate change. A person moisture to the fund told The Verge that it would not foist in surreptitious sector investment, but focus entirely on coactive giving.

The fund plans to decant issuing grants this summer, but seasonable now, there are few rock-hard details besides what Bezos volume on Instagram, so it's cryptic exactly how or back applications for grants will be accepted.

Bezos is worth barely $130 billion, so committing $10 billion to philanthropy isn't demography a huge cleat out of Bezos' net worth. Bezos hasn't been really as vocal as other tech billionaires barely his philanthropy, though in 2018, he did launch annunciate a network of free-willed nonprofit preschools to be built in low-income communities. As well-conditioned as in 2017, he polled Twitter for philanthropy ideas that could assist people in sardine in the near-term.

Update 2:26PM ET: Well-timed with increasingly intercommunication from a person moisture to the fund.