* It's an LLC instead of a 501c3 because that allows more flexibility. This is not unprecedented
* It's $1B of his wealth in terms of Square stock
* There is a spreadsheet to track where it's going https://docs.google.com/spreadsheets/d/1-eGxq2mMoEGwgSpNVL5j...
* The order of operations is COVID-19, then girl's health and education, and UBI
* It's 28% of his wealth
From the same article, Jack also doesn’t seem to have a strong history of putting his money where his mouth is. (Offered to donate Square shares to Ferguson with no follow through.) I don’t blame the community for skepticism.
https://www.sfchronicle.com/business/article/Where-is-Jack-D...
Whenever you hear about a donor giving $1M and funding a university library or something, assume the donor gave appreciated stock, art, or another asset.
1. he is just changin one stock for another
2. second part of this "donation" is fuelling an openly sexist cause
3. third part goes toward something that is supposed to ease up the populace in the wake of growing wealth inequality, without really solving the issue
Let the downvotes roll in.