Airbnb says it will establish a host endowment fund in advance of its IPO, to be used for educational and financial support for hosts when the fund passes $1B (Bloomberg)

Bloomberg:

Airbnb says it will establish a host endowment fund in advance of its IPO, to be used for educational and financial support for hosts when the fund passes $1B  —  Airbnb Inc. is creating an endowment fund to help support its hosts as the home-rental startup prepares for an initial public offering.