GiveDirectly has been making cash donations to very poor families, first in Kenya and then Uganda, for more than seven years. Project 100 has raised a total of $84 million since April, including the $10 million gift from Dorsey. Its goal is to raise $100 million in order to provide cash gifts to 100,000 American families. So far, Dorsey has distributed $85 million worth of Square stock to more than 50 nonprofits since April. Dorsey owns stock in both Twitter and Square, and Forbes currently puts his net worth at $4.8 billion.

Source: Forbes May 26, 2020 16:51 UTC