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Jack Dorsey is committing one BILLION dollars to coronavirus efforts. https://twitter.com/jack/status/1247616214769086465
Jack Dorsey says the money is going to be given through an LLC, Start Small, and that he is going to disclose his gifts.
But, ACTUALLY, LLCs are much less transparent than traditional foundations.
But, ACTUALLY, LLCs are much less transparent than traditional foundations.
Jack Dorsey is also going to be using his donor-advised fund on some of these gifts.
He has transferred $1 billion to his LLC and will transfer some "to be determined" amount to the DAF.
See the spreadsheets below.
He has transferred $1 billion to his LLC and will transfer some "to be determined" amount to the DAF.
See the spreadsheets below.
Here are the incorporation records for Start Small LLC, Jack Dorsey's philanthropic vehicle.
LLCs are also used by Mark Zuckerberg, Pierre Omidyar and Laurene Powell Jobs.
Transparency advocates say these charitable vehicles allow the wealthy to avoid key disclosures.
LLCs are also used by Mark Zuckerberg, Pierre Omidyar and Laurene Powell Jobs.
Transparency advocates say these charitable vehicles allow the wealthy to avoid key disclosures.
