Twitter CEO Jack Dorsey donates $1 bn to 'disarm' COVID-19

Daniel Fowler
April 8, 2020

Twitter CEO and Square founder Jack Dorsey has started a new fund called Start Small LLC, aimed at fighting COVID-19.

Jack Dorsey will spend his money on girls ' education and health and a basic income for all.

Dorsey is the chief executive of both Twitter and Square.

"Why pull just from Square and not Twitter?".

"Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime", he tweeted. It's an initiative that works to provide food to the needy during the coronavirus crisis and was launched by the Ford Foundation as well as Apple, Laurene Powell Jobs, and Leonardo DiCaprio.

"Why is #startsmall a LLC", he wrote.

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Details: Dorsey's "Start Small" fund donated $100,000 on April 2 to a GoFundMe working with Feeding America and World Central Kitchen to address food insecurity caused by COVID-19. He says the $ 1 billion going to Start Small today will be publicly tracked, and he even tweeted the public Google Sheets spreadsheet that will track spending.

"I hope this inspires others to do something similar", Dorsey said. I've discovered and funded ($40 million) many orgs with proven impact and efficiency in the past, mostly anonymously.

In fact, even though publicly funded charitable organizations under section 501 (c)(3) under the US tax code are required to file annual, publicly available reports on their income and dispersements, an entire industry exists to audit them and help donors make good decisions. "Suggestions welcome. Drop your cash app", he added. The money will then be passed on to charities looking after 'girl's health and education'.

"Why UBI and girl's health and education? I believe they represent the best long-term solutions to the existential problems facing the world", Dorsey said in a follow-up tweet.

UBI, in which all citizens receive a stipend from their government with no means-testing or conditions, is a "great idea needing experimentation", Mr Dorsey said.

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