Denver launches basic income project to help homeless

Denver launches basic income project to help homeless

By David Heitz / NewsBreak Denver

(Denver, Colo.) More than 800 people experiencing homelessness in Denver will receive a basic income beginning this fall.

Tesla investor and local philanthropist Mark Donovan created the Denver Basic Income Fund in April 2021 and seeded it by raising more than $4.8 million. "And there’s a clear path to $7 million," he said.According to its website, the fund and the project are part of Impact Charitable, a tax-exempt non-profit that "specializes in deploying capital for the great good." A $1,000 monthly stipend Recipients will receive money in one of two ways. Some will […]

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