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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

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