Snap CEO and wife donate $550 M to clear medical debt

A multimillion-dollar donation from Snap CEO Evan Spiegel and his wife, model and entrepreneur Miranda Kerr, will erase $550 million in medical debt for more than 261,000 Californians. The nonprofit organization Undue Medical Debt announced the gift on Thursday, June 25, 2026, marking its first statewide debt relief initiative in California.

The relief will be distributed automatically to qualifying households, with notifications expected to begin arriving by mail in mid-July. Recipients do not need to apply. Eligibility is based on earning at or below 400% of the federal poverty level-approximately $132,000 for a family of four-or having medical debt that exceeds 5% of annual income.

The impact is concentrated in the state's largest counties. San Diego County will see the largest share, with roughly $99 million cleared for about 40,369 residents. Los Angeles County will receive $26.7 million in relief for approximately 17,466 people. Other counties receiving significant relief include Riverside, San Bernardino, San Joaquin, Stanislaus, Monterey, San Francisco, Sonoma, and Alameda.

In a joint statement, Spiegel and Kerr said that when someone is sick or recovering, the focus...