Amazon founder and soon-to-be-space traveler Jeff Bezos is donating $200 million to the Smithsonian Institution to boost its National Air and Space Museum, the largest gift received by the institution since its founding in 1846.

The Smithsonian said $70 million of the money would support museum renovations. The other $130 million would go toward building a new education center at the museum called the Bezos Learning Center to inspire students to promote innovation and explore careers in science, math and engineering.

“This historic gift will help the Smithsonian achieve its goal of reaching every classroom in America by creating a world-class learning center with access and inspiration at its heart,” said Smithsonian Secretary Lonnie Bunch.

The donation comes as the richest man in the world by Forbes’ estimate prepares to fulfill his childhood dream of traveling to space. Bezos, 57, will blast into space on July 20 when his space exploration company Blue Origin makes its first flight with a crew. He'll be bringing along his younger brother Mark, an investor and volunteer firefighter.

Bezos, a past contributor to Smithsonian museums, said in a statement that he wanted to support the Smithsonian’s “vital role in igniting the imaginations of our future builders and dreamers.”

“Every child is born with great potential, and it’s inspiration that unlocks that potential," he said. "My love affair with science, invention and space did that for me, and I hope this gift does that for others.”

The Air and Space Museum on the National Mall has been undergoing major renovations since 2018. It remains closed and is scheduled to reopen on July 30.

“At this moment, the first human to set foot on Mars might be in elementary school,” said Ellen Stofan, the Smithsonian’s under secretary for science and research and former director of the National Air and Space Museum. “As the largest and most visited aerospace museum in the world, the museum wants to spark that passion and enrich the imagination and ingenuity of every student who visits the Smithsonian.”

Bezos stepped down as Amazon CEO this month. In a blog post to employees earlier this year, Bezos said he planned to devote more time to side projects, including Blue Origin, his philanthropic initiatives and overseeing The Washington Post, which he owns.

Share:
More In Business
GM Ending Production of Iconic Chevy Camaro in 2024
General Motors (GM) announced that it will stop production on the current sixth generation of the iconic Chevrolet Camaro. Production at the Lansing Grand River Assembly Plant in Michigan is expected to end in January 2024.
FAA Launches Plan to Reduce Congestion at NYC Area Airports
The Federal Aviation Administration (FAA) is launching a new plan to avoid flight delays in New York City and Washington, D.C. this summer. The plan will lower requirements for airlines to obtain take off and landing rights to help avoid congestion.
Lindsay Lohan, Jake Paul Among Slew of Celebrities to Settle With SEC in Crypto Case
Actress Lindsay Lohan appears at the Christian Siriano Fall/Winter 2023 fashion show in New York, Feb. 9, 2023. The Securities and Exchange Commission said Wednesday, March 22, that Lohan, rapper Akon and several other celebrities have agreed to pay tens of thousands of dollars to settle claims that they promoted crypto investments to their millions of social media followers without disclosing they were being paid to do so.
The Day Ahead: TikTok CEO on Capitol Hill, More Earnings
Cheddar News breaks down what to look for on The Day Ahead, as TikTok CEO is scheduled to testify before Congress on Thursday while earnings from General Mills and Darden Restaurants are on tap. Residential sales data for February is also scheduled to be released.
Load More