Snap Inc. CEO Evan Spiegel and his wife, Australian model Miranda Kerr, have erased $550 million in medical debt for more than 261,000 Californians through a partnership with a national nonprofit, the organization announced this week.
Undue Medical Debt, the Santa Monica-based nonprofit behind the gift, said the donation marks one of the largest single contributions of its kind to date, providing relief to families across the state at a moment when healthcare costs and broader affordability concerns continue to weigh heavily on households.
How the couple revealed the gift
Spiegel and Kerr announced the donation themselves in a video posted to Instagram on Saturday, choosing to make the gift public specifically so recipients wouldn’t…