Jack Dorsey’s surprising $1 billion commitment to charity

Good News Notes:

“Jack Dorsey is making what may be the largest private gift to tackling the coronavirus and its consequences, pledging to spend up to $1 billion as part of an unexpected philanthropic push.

The founder of Twitter and Square announced Tuesday that he would move $1 billion of his own money into a limited liability company (LLC), where the funds would go, in part, to addressing the COVID-19 crisis. Dorsey described the gift as intended to “fund global COVID-19 relief,” but didn’t specify how much of the money would be earmarked for that as opposed to pushing for “girls’ health and education” and a universal basic income, which he said the LLC, called Start Small, would back once the pandemic subsides.

Even if only 10 percent of the money went to COVID work, though, Dorsey would become the country’s biggest public philanthropist during the crisis. Other tech titans, like Bill Gates, Jeff Bezos, and Michael Dell, have each so far pledged $100 million.”

View the whole story here: https://www.vox.com/recode/2020/4/7/21212757/coronavirus-jack-dorsey-charity-billion-llc

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