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Dorsey donates billion to fight coronavirus

St. Louis native Jack Dorsey, the co-founder and CEO of Twitter and the founder and CEO of Square, is donating a billion dollars’ worth of his Square holdings to help the world fight the COVID-19 coronavirus.

Dorsey announced Tuesday via Twitter that he was moving a billion dollars of his Square equity, about 28 percent of his wealth, to #startsmall LLC to fund global COVID-19 relief.

“After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI [Universal Basic Income],” he added.

Dorsey, who graduated from Bishop DuBourg High School and then attended the University of Missouri-Rolla, now lives in San Francisco. But he maintains local ties.

Dorsey has teamed up with Detroit philanthropist Bill Pulte to found and fund a demolition project in north St. Louis they say can solve the problem of abandoned, blighted buildings in a matter of years. They’re calling it the St. Louis Blight Authority.

Dorsey and Pulte came to St. Louis last July and watched as crews began tearing down a four-block stretch of abandoned buildings in the Wells-Goodfellow neighborhood.

The pair have put up $500,000 and are encouraging area businesses and philanthropists to contribute more.

And in 2016, he fully funded about 600 Missouri public school projects registered at DonorsChoose.

Staff is home to The NorthSider and The SouthSider weekly community newspapers. The SouthSider publishes 25,000 copies every Tuesday. The NorthSider publishes 25,000 copies every Thursday. They are distributed at over 600 locations across St. Louis.

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