A tech billionaire donated $30 million to UCSF to try and solve San Francisco’s homelessness problem
Marc and Lynne Benioff's $30 million gift for homelessness research is the largest ever for this field of study. All told, the Salesforce founder and his wife have pledged $66 million to prevent and end homelessness in San Francisco.
“The world needs a North Star for truth on homelessness,” Benioff, a San Francisco native, said in a statement. “The UCSF Benioff Homelessness and Housing Initiative will be that North Star, providing the latest research, data and evidence-based solutions to ensure we’re investing in programs that will help solve the homelessness crisis.”
Homelessness in San Francisco is exacerbated by income inequality and notoriously high housing costs. A June report from the Department of Housing and Urban Development found a family of four living off $117,400 a year in San Francisco would qualify as low-income. So would a single adult with an annual salary of $82,000.
Benioff went to war with other billionaires, including Twitter’s Jack Dorsey, over the measure, which was passed by voters but is awaiting court validation. One of the goals of Benioff’s research initiative is to help guide San Francisco in how to use the $300 million generated by Proposition C, if it is approved, the San Francisco Chronicle reported.
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