Twitter CEO Jack Dorsey To Donate $1B Of His Wealth To Coronavirus Relief
Twitter CEO Jack Dorsey is stepping up big time!
On Tuesday he took to his platform to announce that he’s dropping ten figures for coronavirus relief and using whatever’s leftover to support another great cause. He explained in his tweet,
“I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI. It will operate transparently.” From there he shared a google doc showing how his donations can be tracked:
I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI. It will operate transparently, all flows tracked here: https://t.co/hVkUczDQmz
— jack (@jack) April 7, 2020
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Dorsey further shared that after beating the pandemic, the money that’s still there will be used for something else he’s just as passionate about: girls’ health and education, as well as UBI (universal basic income). He’s posted another tweet explaining why he’s making such a move:
“I believe they represent the best long-term solutions to the existential problems facing the world. UBI is a great idea needing experimentation. Girl’s health and education is critical to balance:
This big donation comes just as Amazon CEO Jeff Bezos made a $100M Covid-related donation.
Why is #startsmall a LLC? This segments and dedicates my shares to these causes, and provides flexibility. Grants will be made from Start Small Foundation or the LLC directly based on the beneficiary org. All transfers, sales, and grants will be made public in tracking sheet.
— jack (@jack) April 7, 2020
RELATED: Amazon CEO Jeff Bezos Donates $100 Million To U.S. Food Banks Amid Pandemic