Twitter CEO Jack Dorsey has upped the ante as fars coronavirus relief contributions go.
He announced via Twitter (of course) that he’s donating 1 billion of his own money — which makes just 28% of his wealth — into a new fund dedicated to COVID-19 relief.
According to Jack, after the pandemic is over the left other money will then be used to provide support for girls’ health and education, as well as UBI (universal basic income).
The money will be tracked publicly using Google Docs.
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
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
This is incredible. Now, if we could get several more multi-billionaires to dedicate this much effort into helping we, as a country, could come out of this pandemic better than we were before it started.
