"I hope this inspires others to do something similar. Life is too short, so let's do everything we can today to help people now." The move could be the largest from a single individual for coronavirus
relief and comes with the pandemic spanning the globe and inflicting a heavy toll in lives and economic devastation on the United States.
Why UBI and girl’s health and education? I believe they represent the best long-term solutions to the existential problems facing the world. UBI is a great idea needing experimentation. Girl’s health and education is critical to balance: https://t.co/dC3dU6hvxB
— jack (@jack) April 7, 2020
Dorsey said that after the pandemic ends, the fund would focus on health and education for girls and "universal basic income" efforts.
Dorsey, who is CEO of both Twitter
and Square, has created a foundation as well as the Start Small LLC -- a model similar to that established by Facebook founder Mark Zuckerberg in his Chan-Zuckerberg Initiative, to allow for flexibility in funding startups and efforts a foundation may be ineligible to fund.
"Why is #startsmall an LLC? This segments and dedicates my shares to these causes, and provides flexibility," Dorsey said.
A document link tweeted by Dorsey showed the new fund had already pledged $100,000 to a new initiative called America's Food Fund launched by Laurene Powell Jobs, the widow of Steve Jobs, and actor Leonardo DiCaprio.
Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime. I hope this inspires others to do something similar. Life is too short, so let’s do everything we can today to help people now. ✌