Jack Dorsey, the founder of the social network Twitter and payment platform Square has announced that it is donating $ 1 billion to help in the fight against coronavirus.
«I am sending $ 1 billion in shares of the company Square (about 28% of my estate) to the Foundation Start Small to Fund global assistance in the fight against COVID-19,» wrote Dorsey on Twitter on Tuesday, April 7.
As funds are allocated among the various assistance funds, Dorsey plans to provide full transparency of their donations can be tracked via a public Google Doc.
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
43-year-old Dorsey added that after defeating the pandemic, the focus of the work of the Fund will be moved to the projects in the field of health and education for girls, as well as the implementation of the concept of unconditional basic income.
It is known that the first $100 thousand has already been transferred charitable organization America’s Food Fund for the project on the provision of food to people affected by the pandemic coronavirus.
«I hope that it will inspire others to do something similar. Life is too short so let’s do our best to help people,» said Jack Dorsey.
According to Deadline, the gesture Dorsey may be the largest private donation for a global goal since, as CNN founder Ted Turner donated 1 billion dollars to build the Foundation of the United Nations in 1997.
