Twitter CEO Jack Dorsey has been one of the most active billionaires helping the world fight against and recover from the COVID-19 pandemic.
Since beginning his philanthropic efforts for the cause months ago, the 43-year-old Internet entrepreneur doesn’t seem to be showing signs of slowing down just yet.
After giving his employees the option to work from home forever, Dorsey made another high-value donation for coronavirus relief.
Cash for Families
The billionaire just donated $10 million to Project 100, a program that seeks to give financial aid to families affected by the ongoing crisis. It’s a joint effort from various charitable organizations like GiveDirectly, Stand for Children, and Propel.
GiveDirectly reportedly funds smaller organizations like Stateside in New York. Aside from its work in the United States. GiveDirectly has been active in helping disadvantaged families in Uganda and Kenya for the past seven years.
In total, Project 100 has raised $84 million since April including Dorsey’s generous donation. Its ultimate goal though is to reach $100 million in funding so it can give away 100,000 cash gifts.
Start Small Initiative
Dorsey’s latest donation is part of his Start Small initiative. Since he began his donation spree, he has already given away $85 million of his own money to over 50 different charities.
You can see the exact disbursements of these funds in an accountability log that he has made public on Google Docs. Among his most notable donations include a partnership with Rihanna to give $4.2 million for the benefit of victims of domestic abuse in Los Angeles.
Dorsey’s ultimate goal is to give away $1 billion towards coronavirus relief as well as other causes like women’s health and education, and universal basic income.
Long Time Coming
Dorsey first tweeted about #startsmall in 2015. However, it seemed like he wasn’t able to put his plans into action right away.
He did reveal at the time though that he has already created the Start Small Foundation specifically as a vehicle through which he can invest in people that seek to help the underprivileged.
The Twitter co-founder also shared that he has given 20% of his own equity to the foundation and his mobile payments company, Square, as he believed that both of them have the potential to leave a positive impact in his lifetime.
