Welcome back to The Stratosphere.

First, some housekeeping: It has been two years since we launched this email in June 2021—thanks for reading every Tuesday for the last 24 months. For those of you who haven’t gotten over the hump to subscribe, in celebration of this anniversary we’re offering a special discount of 21% off when you sign up today with the code TEDDY2021. That’s only $79 for a year of Puck… no, it’s not that expensive, and you can access all my colleagues’ private emails (and I have a feeling a lot of you can expense it). Trust me: it will make you better at your job, and better-looking, too.

Today, three scoops from the world of philanthropy and mega-donors: First, Jack Dorsey explains himself to Block staff—or doesn’t—over why he is backing R.F.K. Jr. for president. Then, a look at the bonkers fundraising schedule in the Bay Area over the next week, including a visit from a self-funding billionaire, Doug Burgum. Plus some news on a high-profile political departure from the orbit of Wall Street legend, Dan Loeb. It’s a great day to subscribe.

But first…

• Mark Your Calendars!: After much delay, the somewhat last-minute Joe Biden West Coast fundraising trip I previewed several weeks ago is officially...