Tech founder pledges to give away half his wealth to make the American dream more possible

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Tech founder pledges to give away half his wealth to make the American dream more possible
Deborah SmallJeff Atwood Stack OverflowU.S. News
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The tech entrepreneur Jeff Atwood and his family are pledging to give away half of their wealth within five years, starting with $1 million gifts to eight nonprofits this month.

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Tech entrepreneur Jeff Atwood is photographed at his home Tuesday, Jan. 14, 2025, in Alameda, Calif. Tech entrepreneur Jeff Atwood is photographed at his home Tuesday, Jan. 14, 2025, in Alameda, Calif. in the U.S. today. In response, he and his family have pledged to give away half their wealth within five years, starting with $1 million gifts to eight nonprofits this month.

Atwood said the inequity reduces hope in the American dream, which he sees as the possibility of being “rewarded handsomely for a combination of hard work and good luck.” The sale of Stack Overflow for $1.6 billion in 2021 made Atwood, his co-founder and early employees wildly wealthy compared to the vast majority of Americans, but it did not launch him into the inner ring ofAtwood didn’t want to disclose exactly how much he planned to give away, though it’s safe to say he has tens of millions more lined up to donate. But what he really wants is to inspire more people to believe that it's possible to create a more affordable and livable economy.

“If we want to increase philanthropy in the world, our evidence suggests that the more public we are, the better outcomes we can achieve for philanthropy,” she said.Atwood also pointed to the plurality of Americans who don’t vote as a sign of the deterioration of American's faith in the future. He said the recent election had raised the stakes but was quick to emphasize in an interview that he's not committed to any political party.

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