Twitter CEO Jack Patrick donates 7500 crores ($1B) of his Square equity, for global COVID-19 relief

Jack Patrick explains that the funds are very urgent to do the relief works and also hopes to inspire others

By Thulasi Ram, April 08, 2020 17:09 IST

Twitter CEO Jack Patrick announced a donation of $1B which approximately is 7500 crores for the global COVID-19 relief. The Twitter boss has gave detailed information on his donation.
 
Sharing the information of his donation, Jack Patrick posted a tweet. 'I’m moving $1B of my Square equity (~28% of my 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. It will operate transparently, all flows tracked here.'
 
Jack also shared a link where one finds the tracking details of all his funds and donations.
 
Jack also gave clarity on why he is particular about a girl's health and education. Jack shares, '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:'
 
Talking about StartSmall being LLC, Jack wrote, 'This segments and dedicates my shares to these causes, and provides flexibility. Grants will be made from Start Small Foundation or the LLC directly based on the beneficiary org. All transfers, sales, and grants will be made public in the tracking sheet.'
 
Jack Patrick stresses the importance of transparency in his donation. He wrote, 'It’s important to show my work so I and others can learn. I’ve discovered and funded ($40mm) many orgs with proven impact and efficiency in the past, mostly anonymously. Going forward, all grants will be public. Suggestions welcome. Drop your cash app ;)'
 
Jack also added, '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. '
 
Coming to his profile, Jack Patrick Dorsey is an American computer programmer and Internet entrepreneur. Jack is one of the founders of Twitter and is the current CEO of the largest social media platform in the world. Jack Patrick is also the founder and CEO of Square, a mobile payments company.
 
Well, Jack Patrick is now receiving compliments and appreciations from all over the world. His contribution for the relief works of COVID-19 is really huge and may people like his tribe grow around us.
 

I’m moving $1B of my Square equity (~28% of my 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. It will operate transparently, all flows tracked here: https://t.co/hVkUczDQmz

— jack (@jack) April 7, 2020
 
Also Read: Film Academy donated 6 million dollars to fight COVID-19

Latest News

view all