Andrew Yang is launching a nonprofit to make universal basic income a reality

Andrew Yang's $1,000 promise may be coming to a town near you.

The entrepreneur is following his failed 2020 bid with a nonprofit dedicated to bringing his signature campaign promise to life, Yang announced Thursday. Humanity First will turn one New York town into a testing ground for the universal basic income Yang constantly promised during his run, along with other initiatives that make the nonprofit basically an extension of Yang's campaign.

In a beta version of Yang's so-called "freedom dividend," Humanity First — a name borrowed from one of Yang's campaign slogans — will give $500,000 to a to-be-determined town in the form of $1,000-per-month checks for each resident. Also on Humanity First's list is a "data dividend" program that will use its funds to protect people's data privacy rights.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

The funding for the UBI initiative comes from venture capitalists, entrepreneurs, and even a professional poker player, as well as some anonymous donors, The New York Times reports. So far, Humanity First has received $3 million in pledges to make the UBI pilots work. "My hands were tied as a political candidate to some extent," Yang told the Times, so now he has a chance to "get to work" and actually give his policies a whirl.