TOP “NO ON C” CONTRIBUTORS
(as of Oct. 31, 2018, from SF Ethics Commission)
- Stripe – $419,999
- Visa – $225,000
- Paul Graham – $150,000
- SF Forward – $135,422
- Jack Dorsey – $125,000
- Lyft – $100,000
- Charles Schwab – $100,000
- Michael Moritz – $100,000
- Hotel Council of SF PAC – $50,000
- Committee on Jobs – $30,000
- Macy’s/Bloomingdale’s – $30,000
- Square – $25,000
- Gensler – $10,000
- Safe and Affordable SF – $7,500
- Marriott International – $5,000
- Matthew Cohler – $5,000
- Pier 39 Limited Partnership – $1,000
Big money was already dropping in San Francisco electoral campaigns before Salesforce founder Marc Benioff pledged his support of Proposition C, and it continued to drop — mostly in opposition to the measure known as “Our City, Our Home.”
Since then, Benioff has had a very public debate with Square and Twitter founder Jack Dorsey — on Twitter, of course — who contributed $125,000 to the No on C campaign, according to the latest reports from the City’s Ethics Commission.
But Dorsey isn’t the only billionaire by The Bay throwing down big wads of cash. Square, the mobile payment company on which Dorsey also serves as CEO, forked over another $25,000 to the “no” side. Also, ride-hail titan Lyft drove in $100,000, while online payment firm Stripe deposited a whopping $419,000 so far to C’s opposition.
As of October 25, the Chamber of Commerce-led bloc raised about $1.5 million from 16 people and organizations in hopes of defeating a measure that would house homeless people and provide housing services by means of a proposed gross receipts tax that could raise $300 million — a tax applicable only to companies making over $50 million annually.
The “yes” side, minus Benioff and Salesforce’s $6.4 million contribution, generated about a half-million dollars, most of which is pooled by 145 other individuals and community-based organizations.
Disclosure: The Coalition on Homelessness, which publishes Street Sheet, contributed over $25,000 to Yes on C.