Jack Dorsey sets aside $1 billion for charity. His initial focus: coronavirus relief efforts

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 12%
  • Publisher: 95%

Twitter co-founder and CEO Jack Dorsey says he's dedicating more than a quarter of his wealth to a new fund for charitable causes, with the immediate focus on coronavirus relief efforts

United States Headlines News

United States Latest News, United States Headlines

Dorsey will transfer $1 billion of his equity in Square — the digital payments company he also co-founded — to a limited liability company called Start Small, he said in a series of tweets on Tuesday. Dorsey said that amount accounts for around 28% of his wealth. The first of those grants from Start Small, for $100,000, will go to America's Food Fund to provide meals to those impacted by the coronavirus, according to a Google Doc he shared for tracking all the grants.

Google is donating $800 million to help with the coronavirus crisis"After we disarm this pandemic, the focus will shift to girl's health and education, and UBI," he said, referring to the concept of universal basic income."I believe they represent the best long-term solutions to the existential problems facing the world."Read MoreDorsey's announcement follows similar efforts by other big tech players.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thank him!

A man with heart and soul. How wonderful. Compassion rules the day. Thank you.

IE “I need a new tax shelter and hiring myself and my bro’s as board members is a great way to earn a salary as well as buy really cool items at a tax free expense.”

God bless you sir!, and blessed you more for your big heart ,actually this is the best time of giving and sharing your blessing to the needy 👏👏👏👏👏👏

What you want a cookie?

How much is donating to quash the liberties of conservatives

This is what a leader looks like. Bravo!

If only Billionaires like Gates/Buffet, etc. would honor their promise to give away HALF of their fortunes (?). I still would like to know what they're gonna do w/the other half(Be buried w/it(?), LOL

Slush Fund for his Commie friends.

🤣

Amount slated for use in the US? $0

That's an unusually high percentage to donate. Very commendable. Nearly makes up for unleashing the monster known as Twitter on the world

Dorsey

Well done Jack Dossie

jack .... the soyest boy in the world.

Thank you jack

Jack's net worth is 2.3 billion dollars. So that is about 576 million dollars. Thanks Twitter CEO for helping out hummankind.

jack will still go down in history as the asshole who gave the modern day Hitler a propaganda platform.

A great example for others to follow.

Actually, I don’t care.

10 High School Dropouts That Became Billionaires.

Jack Public Defenders

Wow - How many nations gdp is that equivalent to? Ireland Canada Iran Yemen?

Mask , Social distance & stop spitting is the key of success against covid 19.....

Front men for Bob pittman,where all application is stolen,

one of those causes should be the prosecution of known scammer and race hustler David J. Sponheim ThirdParty DAVEliedAMERICANSdied ARRESTdave FREEsarah

ty daddy

Donate to free Joe Exotic!

Hes Donating to His Charity 😂

Your rewards here on earth is sure.... We need more human minded soul like in times like this... 👍 MijanaJ

I will praise you

.jack boy we don’t give a fuck, give us a god damn edit button already

jack you’re amazing. 💛 can you encourage like-minded friends to please please help us save the USPS?

Favour is yours forever

Nice one 👏🤜

👏🏻 Very good example!

Nice idea

3rd paragraph 'while using the other 3/4 of his wealth to influence the outcome of the 2020 election by throttling back conservative tweets because orange man bad'

Old news = Moldy bread.

Bless Him

I would have preferred it if he'd blocked trump from twitter

Instead, pay your fair share of taxes.

Not a dime of which is designated to help any American.

God bless you❤️❤️❤️

Dorsey maximizes his profits by setting up a foundation instead of giving directly to those in need Twitter

Ya so you’ll ignore how he’s selling all your data now like Facebook

If this is true, bless his heart 💚🤍💜

Good

Need more philanthropist like this good guy. People who have more wealth than they can ever spend in two lifetimes should really assess their values!

Good what is the money sitting in the account doing whilst people starve and people die

Where are our rich people at this difficult time? I think no dearth of rich people in Pak but dearth of courage to spend is the issue. May Allah grant courage to such wealthy souls to support their fellow resource poor masses! The more you spend, the more you get in return!

He could do even better by suspending trump's account. Could save many lives. Just sayin'...

✊🤘😎

Helal

No problem

Many because he regrets twitter turning into a cesspit of hate and fake news.

But Billionaires should not exist right?

呵呵,推特如果干净一点,比什么都好。

dondekojo God bless you

Aqui é o Junior eu quero à música da (GLÁUCIA )NASSER clube da esquina

Great Deed Jack Dorsey Donate 28% of your wealth to eliminate Varos Corona

His platform has done irreparable harm airing Trump’s lies and propaganda. Who cares if he clears his conscience with charity? Twitter and Fox are major problems.

Lovely 😊 givers don't lack beggars be wise

👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻

He could do so much more for humanity simply by doing a better job of cleaning up Twitter - getting rid of the bots, the extremists, and the nutcase conspiracy theorists.

This guy has been smart and kind from the start

jack 👍👌

Good man, you are sir... Waiting for facebook & amazon ceo...

Sure hope it’s gets to feed the homeless families that are struggling very kind of him 🙏🏽♥️

Why that much money if not to print your name on the history doing nice things to humanity!!

Good man

That’s how you do it, Bezos.

So he's ring fenced a billion quid from the tax man. And?

Thank you. Help find the one for Cancer

real China, real live.

real China, real live.

Great for jack. I was expecting a lot more “Why can’t he give more” twitter vitriol. I am pleasantly surprised.

thank for you

Good man God bless u

JeffBezos Just imagine all that could be accomplished if Bezos helped out with a QUARTER of his wealth!! Infrastructure jobs, Coronavirus relief, environmental cleanup

That's Great !! Thx! ✊🤘😎

God bless you jack

The best donation would be to delete Trumps account during this pandemic..

HydroxyChloroQuine works. Most patients feel 'normal' in 24-48 hours. There are no side effects from short term usage other than an occasional rash. If you get sick, get this drug as soon as possible to save yourself from permanent lung damage.

and yet you allow a rapistinchief to lie on your twitter day in and day out.

Alerts!!!!!!! Follow me i promise to follow and rt you back, if I don’t follow you back you can unfollow me back

That's very generous

👏👏👏🙏

Good but he still needs to work on his baby twitter & clean out some bad accts on here.🤬🤬🤬

jack the GREAT 💯

Why doesn't he run for president? He seems to have more brain than all Trump's team together.

That's impressive

Oh thank God...

First ask him to stop the hatred on his platform.. That will end up killing far more than this virus

liz_juliet Smells like a tax dodge to me.

Jack Dorsey is a bitch

I'll bet Trump is planning the same. 😄😃😝😜 😗

Meanwhile African Americans continue struggle to make any advancements on the issue of reparations. All in the midst of a President who has to 'look into' why African Americans are more frequently succumbing to the lung destroying COVID-19 virus.

Stad jek___ memang-memang~

Mwes_Drew Thank you 🙏

Mark Zuckerberg is stingy!!! All he knows is money! That’s why Jack is better! If they sold twitter to Mark, we would suffer ! Tory Lanez is blocked from using IG Live Cos he got to 350k views (no one has ever done that.) That’s some bullshit.

jack is fine AF

Respectable.

Imagine if he had once exercised the courage to ban President Trump from Twitter. That what 'benevolence' truly looks like.

Wow. So sad that no such company or citizen like him in Japan so far.. We don’t even get any cash from our Gov. unless we are very very poor...

What happened to MikeBloomberg ? Hopefully, he's using HIS billions to help. But haven't heard anything from or about him since he dropped out of the Pres. race.

We don’t need an announcement. Just do it.

“tHatS oNly 28% oF hIs nEt wOrTh”

Have you noticed no government employee is out of work or lost their jobs? Many are home with pay?

Only a quarter?

Cool. Start with her?

If JeffBezos gave a quarter it would be like $35 billion. how much do these old men need to live the rest of their life? They need to have serious look at their moral obligations.

Much respect.

You are very funny Mr Kack Dorsey.

Do not need your wealth, because no one knows virus better than me!

Thank you jack!

Number of dollars Trump donated? ZERO

If he can set aside his bias, that would be good to

Fck him

GOOD Man, God bless you !!

I sent jack a message on Twitter and he never replied.

What about the NursesAreHeroes Start with the Frontline!

🙌🏽🙏🙌🏽

AndrewYang This right here is exactly what millionaires/billionaires SHOULD be doing. Paying forward to the people who made them that money in the first place. BillGates is a joke in comparison to this effort. Thank you jack

030 2108980785 CALL ME TO VERIFY THAT AFTER 20 YEARS OF RESEARCHING PNEUMONIA I HAVE THE COMPLETE THERAPY FOR COVID-19 WHICH I WOULD LIKE TO DONATE AS SOON AS POSSIBLE, I AM RETIRED. LOOK FORWARD TO HEARING FROM YOU.THANK YOU

Thank you Jack Dorsey!!

Thank you Jack Dorsey...❤️

AndrewYang How about you ban all Trumps twitter accounts? jack

Good for Jack Dorsey jack. Respect!

Thank you.

AndrewYang Make sure it get to the people !

Eugene_Scott Good for him. Jack is giving far more that the other billionaire cheapskates.

Thanks, jack

debbz8 Jack-You could help covid problem by removing ban on lady w lupus. She tweeted how she gave her daughter who had corona virus her own hcq, that dumb doc wouldn't prescribe. Daughter got better. You violate free speech, while enforcing obedience to docs.

While not banning Chinese communist propaganda accounts spreading lies

You would do more for the world if you simply closed your business. I mean i use it, but along with FB and Instagram its a disease.

What an amazing man!! Trump says he's worth billions, where's the Trump Foundation donations?

Waow, no comment! On attend un tel geste de la part d'un de nos milliardaires qui serait dans le top 5 des fameux 1% du monde.😉😎

Thank you jack 👏👏👏👏👏👏

lets rise above this monster lets be better humans !

AnandWrites what’s your take here? Coz im not buying this philanthropist bullshit anymore.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jack Dorsey Pledges $1 Billion To Fight CoronavirusTwitter CEO Jack Dorsey plans to donate $1 billion to fight the coronavirus outbreak—the largest pledged gift by a private individual yet during the pandemic by abebrown716 abebrown716 Thanks jack abebrown716 Mans needs some good PR rn abebrown716 Young, rich and open hearted. GJ
Source: Forbes - 🏆 394. / 53 Read more »

Twitter CEO Jack Dorsey donating $1 billion to coronavirus reliefNEW: Jack Dorsey: 'I’m moving $1B of my Square equity (~28% of my wealth) to startsmall LLC to fund global COVID-19 relief.' Hey jack could you please ban Trump's twitter account that should save thousands of lives without spending a cent. Thank you, America
Source: NBCNews - 🏆 10. / 86 Read more »

Twitter CEO Jack Dorsey to Donate $1 Billion Of His Wealth to COVID-19 ReliefTwitter's CEO just one-upped every bigwig's coronavirus donation by A LOT. Yall tell him to unblock my old account situationZA please😒 Good man
Source: TMZ - 🏆 379. / 59 Read more »

Jack Dorsey says he's pledging $1 billion to help fight the coronavirus outbreakJack Dorsey: 'I’m moving $1B of my Square equity (~28% of my wealth) to startsmall LLC to fund global COVID-19 relief.' Thank you sir! ❤️ What an awesome man... Tell him to buy Fox News and close it!
Source: NBCNews - 🏆 10. / 86 Read more »

Twitter CEO Jack Dorsey Donating $1 Billion of His Equity in Square to COVID-19 Relief EffortsJack Dorsey, CEO of Twitter and payments company Square, said he is moving $1 billion of his equity in Square to fund COVID-19 relief efforts. Dorsey, who has a net worth of about $3.3 billion acco… his sexiness quotient just went up Now THATS a donation This is amazing what a staggering amount. All other billionaire's are cowards.
Source: Variety - 🏆 108. / 63 Read more »

Twitter CEO sets aside $1 billion in Square equity for charity, coronavirus reliefSquare and Twitter CEO Jack Dorsey has said he is donating $1 billion in Square equity to support relief efforts for the COVID-19 efforts. Bravo 👏 👏 Good for jack . The first billionaire to throw more than nickels at this problem. Your move Zuck
Source: CNBC - 🏆 12. / 72 Read more »