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Billionaire donates $30M to research homelessness

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Billionaire Marc Benioff, the CEO of Salesforce, donated $30 million to the University of California, San Francisco.

With the funding, UC San Francisco is launching a new research initiative to examine the root causes of homelessness.

"The world needs a North Star for truth on homelessness," Benioff said in a statement. "The UCSF Benioff Homelessness and Housing Initiative will be that North Star, providing the latest research, data and evidence-based solutions to ensure we're investing in programs that will help solve the homelessness crisis."

Read more from CNN Business.

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