Breaking News: Toms Shoes Founder Pledges $100 million for Psychedelic Research

Blake Mycoskie, founder of Toms Shoes, has pledged to give $100 million to support psychedelic research and access.

In an interview with MarketWatch, Mycoskie said the money will help fund research, support academic institutions studying psychedelic medicine, and nonprofits working to increase access for patients in need of psychedelic treatments.

In the interview, Mycoskie said his personal experience with psychedelic therapy in 2017 (ayahuasca) led to see the potential for healing, saying that psychedelics “cracked me open, and it connected me more to my faith in God, made me feel that we were all connected and everything was fine and perfect…I came back just feeling like, wow, that was more powerful than any therapy I’d ever done.”

And as for the donation, $100 million works out to approx a quarter of Mycoskie’s net worth — what many are calling the most generous donation to psychedelics ever. Blake Mycoskie told MarketWatch: ”We really need to get this right, and we really need to have these foundations and nonprofits funded properly … I felt a real sense of urgency.”

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