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Facebook Co-Founder Dustin Moskovitz Donates $20 Million to Help Defeat Trump

Image: Facebook Co-Founder Dustin Moskovitz Donates $20 Million to Help Defeat Trump

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By    |   Friday, 09 Sep 2016 07:17 AM

Facebook co-founder Dustin Moskovitz has never before been active in politics, but he is donating $20 million out of his more than $10 billion net worth to several Democratic organizations in hopes of helping to defeat GOP presidential nominee Donald Trump.

"This decision was not easy, particularly because we have reservations about anyone using large amounts of money to influence elections," the Silicon Valley entrepreneur and his wife, Cari Tuna, wrote in a Medium.com post.

"We hope these efforts make it a little more likely that Secretary Clinton is able to pursue the agenda she's outlined, and serve as a signal to the Republican Party that by running this kind of campaign  —  one built on fear and hostility  —  and supporting this kind of candidate, they compel people to act in response."

The donation makes Moskovitz, who supports Democratic nominee Hillary Clinton, the third-most generous donor in this year's election cycle, reports CNN.

In his post, Moskovitz said two super PACs will each receive $5 million. The first group, the League of Conservation Voters is an environmentalist group that runs advertising and canvassing campaigns, reports CNN, and the other, the For Our Future PAC, is operated by organized labor and environmentalists.

Several other groups will also receive money from Moskovitz and his wife, including a joint fundraising committee for Clinton; the Democratic Congressional Campaign Committee; the Democratic Senatorial Campaign Committee; a political arm of MoveOn.Org; Color of Change PAC; and "several nonpartisan voter registration and GOTV efforts."

Moskovitz, 32, a college roommate of Facebook chief Mark Zuckerberg, has only donated to one other candidate in the past, giving $5,200 to New York congressional candidate Sean Eldridge, who is married to another Facebook co-founder.

"Cari and I have dedicated our lives to figuring out how to do the most good we can with the resources we've been given," Moskovitz said in his post. "Until now, those efforts have not included making endorsements or contributions in presidential elections. The Republican Party, and Donald Trump in particular, is running on a zero-sum vision, stressing a false contest between their constituency and the rest of the world."

Moskovitz's donations do not include money to Priorities USA, Clinton's super PAC, but he told CNN he was not ruling out giving money to that organization and others as well.

Only one donor, California donor and Democratic activist Tom Steyer, has given more than Moskovitz, throwing in $30 million to several Democratic groups. On Trump's side, Bob Mercer has donated just over Moskovitz' total.

Moskovitz said in his post that the decision was not easy, as he and his wife have reservations about "anyone using large amounts of money to influence elections" and he is sure they will be criticized.

"Those who know us best will see the sincerity of our intentions," he said. "We offer them humbly, and with the deepest love for America, and for the world."

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Facebook co-founder Dustin Moskovitz has never before been active in politics, but he is donating $20 million out of his more than $10 billion net worth to several Democratic organization...
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2016-17-09
Friday, 09 Sep 2016 07:17 AM
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