St. Louis native Jack Dorsey donates $1 billion to global coronavirus relief

"Start Small" will disclose all transfers, sales and grants on a public Google Doc spreadsheet.

Associated Press
April 08, 2020 - 10:05 am

ST. LOUIS (KMOX/AP) — Twitter CEO Jack Dorsey is setting aside $1 billion in stock to establish a philanthropic venture focused initially on global relief efforts for the COVID-19 pandemic.

Dorsey, who is also CEO of the financial-payments startup Square, will bequeath the new venture shares from his Square holdings.

Related: Square to move into Post-Dispatch building in downtown St. Louis

Dorsey announced the new venture, called "Start Small", in a series of tweets, and said the contribution amounts to 28% of his fortune. The organization will disclose all transfers, sales and grants on a public Google Doc spreadsheet.

"Start Small" won’t be limited to COVID-19 work. “Once we have disarmed this pandemic,” he wrote, the organization will shift its focus to girls’ health and research into universal basic income, the idea that governments should guarantee a minimum income for all citizens.

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