Twitter’s Jack Dorsey Donates $1B in Square Stock to Coronavirus Relief
By kmvq on April 8, 2020
Twitter founder Jack Dorsey announced in a tweet Tuesday that he was donating $1 billion of stock in his financial processor Square, to help with coronavirus relief, The Daily Beast reports.
Dorsey wrote “I’m moving $1B of my Square equity (~28 percent of my wealth) to #startsmall LLC to fund global COVID-19 relief.” Dorsey also said that should the funds outlast the pandemic, then the remainder will go towards girl’s health and education, and universal basic income.
The donation will also “operate transparently,” and dispersal of it will be tracked on a public Google spreadsheet. In fact, one dispersal has already been added, a $100,000 donation to America’s Food Fund, a celebrity fundraiser helping those going hungry because of the coronavirus.
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