Every day and in every community, the coronavirus pandemic is bringing out the best in Americans. Take a look at some inspiring images of Americans pulling together in a time of crisis.

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.

Twitter CEO Jack Dorsey on Tuesday announced he would donate $1 billion of his equity in Square — over a quarter of his wealth — to support COVID-19 relief efforts.

The 43-year-old billionaire made the announcement on Twitter in a series of posts outlining where the money will go.

“I’m moving $1B of my Square equity (28% of my wealth) to #startsmall LLC to fund global COVID-19 relief,” Dorsey wrote.

He said that once the pandemic had been addressed, the fund — managed by the Start Small Foundation — will be used for other causes like Universal Basic Income (UBI) and girl’s education and health.

WHATSAPP TO LIMIT MESSAGE FORWARDING, CITING ‘SIGNIFICANT INCREASE’ IN SPREAD OF CORONAVIRUS MISINFORMATION

Dorsey said he would transfer shares from Square instead of Twitter because he owns more stock in Square. All transfers, sales and grants to the foundation will be made transparent with a public tracking sheet, he said.

Dorsey said he pledged the money because the “needs are increasingly urgent” and he wants to see the impact in his 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,” he said.  

Dorsey’s pledge follows Bill Gates’ charity vowing to dedicate up to $100 million to combat the pandemic. The pledge from the Bill & Melinda Gates Foundation included up to $20 million that will go toward detecting, isolating and treating the virus with the goal of containing it.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Union ‘not going for Formby’, says GMB chief

GMB chief Tim Roache has sought to calm a bitter row over a leaked Labour report on the party’s handling of anti-Semitism allegations. GMB members at Labour HQ voted for a motion accusing the party’s general secretary Jennie Formby of…

UK government accused of cover-up over EU scheme

Ministers are being pressed to reveal the full details of how the government missed out on four opportunities to join an EU medical supplies consortium, in the wake of a U-turn by the top civil servant in the Foreign Office…

MPs ask chancellor to extend self-employed help

MPs have urged Chancellor Rishi Sunak to extend support for the self-employed during the coronavirus pandemic. The government had given self-employed workers who qualify a grant of 80% of their average profits, up to £2,500, for three months. A similar…

Trump’s impeachment trial team: Who are the lawyers defending the president?

As President Trump heads for a campaign rally in Wisconsin, his defense team makes final preparations to present its case to the Senate; chief White House correspondent John Roberts reports. President Trump has locked down the defense team that will be representing…