SAN FRANCISCO (AP) — A San Francisco billionaire is donating $30 million to the University of California, San Francisco, to research root causes of homelessness and potential solutions.
Salesforce CEO Marc Benioff, a city native, has embraced homelessness as a philanthropic cause, pumping millions into a 2018 city measure to tax wealthy companies to pay for homeless services.
The $30 million contribution is the largest-ever private donation to fund homelessness research, according to Salesforce. Some San Francisco residents are frustrated with technology companies like Salesforce, a cloud-based software business, saying they contribute to inequality with high-paying jobs that drive up housing prices.
Benioff approached the university because he wants officials spending tax money to make decisions with the best data available, Kushel said. The plan is for researchers analyze the data and provide neutral, trusted analysis.
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