San Francisco Mayor Taps Billionaires for Homeless Shelter Beds

San Francisco Mayor Daniel Lurie has turned to some of the country’s wealthiest philanthropists to advance his agenda on homelessness while the city faces a daunting budget deficit.

The $37.5 million fundraising haul includes $10 million from Charles and Helen Schwab’s foundation and another $10 million from Crankstart, the personal foundation of billionaire venture capitalist Michael Moritz.