BedJet CEO donates $2M endowment for local families & children in need

CONTACT:
Shelley Shaw
BedJet - Aramli Foundation
shelleyshaw@bedjet.com

BedJet CEO donates $2M endowment to fight food insecurity, homelessness, and community hardship in the Newport area.

NEWPORT, RI – January 8th, 2024 – BedJet CEO and first term Newport City Councilor Mark Aramli is taking a personal stake in providing a boost to Newport’s underprivileged communities. Today Mr. Aramli announced a $2M charitable donation from his BedJet company, with a primary mission of supporting underprivileged families with children in the Newport area who struggle with food insecurity, homelessness, mental health support, and educational resources.
The $2M endowment has earmarks for local community support organizations including the MLK Center, Child & Family of RI, Lucy’s Hearth, Newport Mental Health, the Newport Housing Hotline, the Boys & Girls Club, and many others.

Said Mr. Aramli, “The BedJet company was born in Newport and has experienced explosive growth from the talent and hard work of many Newport locals. All of us at the company feel blessed and fortunate to be able to give back to those in our community who need help the most.”

The $2M cash endowment will be administered by the Aramli Foundation. Local community support organizations and nonprofits aligned with the mission are encouraged to apply for grant funding on an annual basis with the Aramli Foundation, including this year, by March 31st. Inquiries can be made to shelleyshaw@bedjet.com.

In his role as a freshman Newport City Councilor, Mr. Aramli has also been a vocal advocate for the City of Newport to increase its civic grant funding to community support organizations. The City of Newport has since, for the first time ever, increased its civic grant funding by 85% for budget year 2024.

About the Aramli Foundation:
Established in 2020 by Mark and Ida Aramli, the Aramli Foundation is a private charitable foundation with a mission to support local Aquidneck Island families and children in need. The Aramli Foundation is funded by proceeds from the BedJet company. The BedJet company is committed to ongoing funding of the Foundation for every BedJet Climate Comfort Sleep System sold. In the past three years, over $350,000 in charitable grants have been issued by the Aramli Foundation, enabled by hundreds of thousands of units sold by the BedJet company and its continued emergence as an international sleep brand.

About the BedJet company:
Founded in Newport, RI by local inventor Mark Aramli, BedJet is the sleep technology company that created the world’s first ultra-rapid cooling, warming, and sweat drying sleep system just for beds. When launching the company, Mark Aramli appeared on ABC’s Shark Tank where he was quickly denied a deal and told by the Sharks that nobody would ever buy a BedJet. “The product is dead already,” said Shark Kevin O’Leary. Five years later, the BedJet company was cited by Kiplinger’s magazine as one of the top ten most successful fails in the history of the Shark Tank show. The company has experienced explosive growth since product launch in 2015 and now sells in over 40 countries.