Jack Dorsey, the billionaire CEO of Twitter and mobile-payment company Square, is giving $5 million to Humanity Forward, a group launched by former Democratic presidential candidate Andrew Yang, to help fund microgrants to those out of a job during the coronavirus pandemic.
Billionaire (& perhaps one of the more unconventional tech CEOs) @Jack told @AndrewYang he is giving away all of his money in his lifetime: “I live by the principle of everything is connected, so if someone is in pain, I’m in pain, ultimately, over time.” https://t.co/K2jFphrmdJ
— Catherine Clifford (@CatClifford) May 21, 2020
Yang said the funding will help build the case for universal basic income.
“Not only will Jack’s donation directly impact tens of thousands of people in need during the current economic downturn, it will help Humanity Forward and our movement continue to make a case for universal basic income in the United States,” Yang said in a statement to Rolling Stone. “We know UBI for every American is possible, and this $5 million from Start Small is going to help demonstrate what is possible for families across the country.”
— Eric Feigl-Ding (@DrEricDing) May 21, 2020