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Without knowing the exact structure of the fund, we do not know where the $ 2 billion will come from. If this comes directly from the pocket of Bezos, which many assume, he will be eligible for significant tax deductions. Thirty percent of the gift will be deductible when it sets up a private foundation; 50% if it is a fund advised by donors.
The biggest question is the size of the fund, which is smaller than what other high net worth people in the technology sector, like Mark Zuckerberg or Bill Gates, have pledged to give. Bezos has also not joined the Giving Pledge, a popular campaign that encourages some of the world's richest people to give the majority of their wealth.
Bezos, however, hinted in an interview on Thursday that he could potentially add more to the $ 2 billion commitment as the initiative grows. Leslie Lenkowsky, a professor of philanthropic studies at Indiana University, said Bezos' idea of setting up small businesses before expanding, commonly known as the "oak acorns" approach, is is not uncommon among the rich.
"There is a good argument to start with a relatively smaller amount, and then when you see that it's successful, expand it," Lenkowsky said.
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