Co-Founder of Facebook Pledges $20 Million Against Trump
Dustin Moskovitz is not as famous as Mark Zuckerberg his fellow co-founder of Facebook. However, on Thursday he became more well known with his $20 million commitment to Hillary Clinton as well as other Democratic groups attempting to defeat Donald Trump and other members of the Republican Party in November’s elections.
Moskovitz’s donation to the pro-Clinton and pro-Democrat organizations will increase the wide fundraising lead that Clinton has over Trump. Taking into account the campaign committee as well as outside groups, the effort for Clinton has raised more than $435 million thus far in comparison to only $160 million of support for Trump.
The pledge of $20 million by Moskovitz makes him the third largest donor for the election cycle of 2016, reported an online research firm.
Announced through Twitter as well as in an article published on Medium, Moskovitz said he and Cari Tuna his wife, who together with Moskovitz run the philanthropic foundation Good Ventures, decided to act because this election cycle is vastly different from the previous ones, as it’s yielded a political race that is much more than just ideas and policies.
Moskovitz, who has a $10.5 billion net worth, said that the commitment of $20 million would include more than $5 million for LCV the League of Conservative Voters Victory Fund, which is an environmental group.
He added that $5 million was to be given to For Our Future, which is a PAC that is pro-Democrat formed by Tom Steyer a manager of hedge funds and a billionaire environmentalist and four different labor groups.
The final $10 million would be split amongst Hillary Victory Fund, the DCCC, the DSCC, Political Action, MoveOn.org, the Color of Change Pac as well as other groups.
Both Moskovitz and wife Tuna indicated the pledge had been equally pro-Clinton as it was anti-Trump, which was a distinction away from a number of other Democrats who supported Clinton for the large part as a way of stopping a presidency by Trump.
The couple said that Donald Trump and the Republican Party have positions, especially related to immigration, that purport to improve lives of Americans, but would hurt both citizens and non-citizens.
They said that both Clinton and the Democratic Party had a vision of pragmatism, optimism, inclusiveness as well as mutual benefit.