Jack Dorsey donates $5 million to Andrew Yangs universal basic income and COVID-19 relief efforts

Twitter and Square CEO Jack Dorsey is donating $5 million to Andrew Yang’s Humanity Forward nonprofit, the former presidential candidate announced on Thursday, to provide 20,000 microgrants of $250 through the nonprofit’s direct cash assistance program.

“Not only will Jack’s donation directly impact tens of thousands of people in need during the current economic downturn, it will help Humanity Forward and our movement continue to make a case for Universal Basic Income (UBI) in the United States,” Yang said in a statement. The announcement came during a conversation on the Yang Speaks podcast.

The money will be administered through Humanity Forward’s Coronavirus Relief Fund, which, while it doesn’t target areas specifically based on...

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