Facebook co-founder Dustin Moskovitz and his wife, Cari Tuna, have announced a $20 million pledge to political, environmental, and labor groups working to elect Democratic presidential nominee Hillary Clinton.
The contributions include $5 million each to the League of Conservation Voters (LCV) Victory Fund and the For Our Future PAC, which are focused on environmental and labor issues, respectively, and support Clinton. Other recipients include the Hillary Victory Fund; the Democratic Senatorial Campaign Committee; the Democratic Congressional Campaign Committee; MoveOn.org Political Action; the Color Of Change PAC; and several nonpartisan voter registration and get-out-the-vote efforts.
While Moskovitz and Tuna, among the youngest signatories to the Giving Pledge, have been actively supporting philanthropic causes through their foundation, Good Ventures, this is their first endorsement of and contribution to a presidential candidate. In a post on Medium titled "Compelled to Act," the couple explained that the 2016 election cycle "has become a referendum on who we want to be — as individuals, as a nation, and as a society," and that Republican presidential nominee Donald Trump's "positions, especially on immigration, which purport to improve the lives of Americans, would in practice hurt citizens and noncitizens alike," whereas Clinton "is running on a vision of optimism, pragmatism, inclusiveness, and mutual benefit."
Former hedge fund manager and For Our Future PAC co-founder Tom Steyer, who reportedly has poured more than $31.5 million into this election cycle, advised Moskovitz and Tuna on their foray into political giving, TechCrunch reports.
"This decision was not easy, particularly because we have reservations about anyone using large amounts of money to influence elections," Moskovitz and Tuna wrote. "That said, we believe in trying to do as much good as we can, which in this case means using the tools available to us (as they are also available to the opposition). At the same time, we are being open about the amount of funding we're providing, even though transparency is not required in some cases."