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Mr. Dorsey, who has been criticized in the past for his lack of transparency around philanthropic efforts, said he was creating an L.L.C. for flexibility and pledged to use the Google document to update the public on its latest grants, stock transfers and sales.
He said the first $100,000 donation would be to America’s Food Fund, a high-profile effort committed to feeding the hungry. It was started in a GoFundMe page last week by Leonardo DiCaprio, Laurene Powell Jobs and Apple.
After the most pressing matters of the pandemic are resolved, Mr. Dorsey said, he plans to shift the aim of Start Small to supporting initiatives around universal basic income, under which Americans would get a base level of regular income from the federal government, and women’s health and education efforts.
Universal basic income has been a pet issue for some Silicon Valley progressives, made more popular in recent months by the now-ended presidential candidacy of Andrew Yang, a Democrat who ran partly on the idea.
“Life is too short, so let’s do everything we can today to help people now,” Mr. Dorsey tweeted, followed by an emoji of a peace sign hand gesture.