The Amazon (AMZN) CEO introduced the small print in an Instagram put up on Tuesday: It is the primary location of a community of tuition-free preschools serving youngsters in underserved communities spearheaded by Bezos’ philanthropic arm, Day One Fund. The brand new college, which is able to serve 3-5 years outdated, can be situated in Des Moines, Washington, and it’ll open on October 17, in response to Day 1 Academies Fund. The choice course of for the areas of the preschools are based mostly on a variety of information, the fund says, which embody earnings ranges, participation in free and reduced-cost meal packages, and gaps in entry to licensed childcare suppliers. The “Montessori-inspired” preschool will function year-round, 5 days per week, throughout which “the kid would be the buyer.” Montessori faculties observe a studying method that features “self-directed exercise, hands-on studying and collaborative play,” in response to the Montessori group web site. Bezos first introduced his enterprise into training in 2018 with the launch of the “Bezos Day One Fund”, with then-wife, MacKenzie Scott. The $2 billion fund was created to finance present non-profits serving homeless households and for a community of faculties in low-income neighborhoods. The fund contains two branches: Day 1 Academies fund, which focuses on training, and Day 1 Households, which focuses on serving to homeless households. Annual management awards are additionally issued to organizations “doing compassionate, needle-moving work to offer shelter and starvation help to handle the fast wants of younger households.” Price greater than $200 billion, Jeff Bezos is the world’s richest particular person.