Dorsey, who is also CEO of the financial-payments startup Square, will bequeath the new venture shares from his Square holdings.
Dorsey announced the new venture, called Start Small, in a series of tweets, and said the contribution amounts to 28% of his fortune.
The organization will disclose all transfers, sales and grants on a public Google Doc spreadsheet. Start Small won’t be limited to Covid-19 work.
“Once we have disarmed this pandemic,” he wrote, the organization will shift its focus to girls’ health and research into universal basic income, the idea that governments should guarantee a minimum income for all citizens.
