Mark Cuban donates $1 million to pay Dallas police overtime after Orlando

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Mark Cuban to donate $1M for Dallas police to protect LGBT community

As cities and businesses ramp up counter-terrorism measures, Shark Tank investor pledges money to fund his hometown police department's overtime. Other entrepreneurs donate money to Orlando victims.

After 49 people were shot and killed at an Orlando gay club on Sunday, entrepreneurs and businesses are donating millions of dollars to victims and police.

Mark Cuban, entrepreneur and investor on TV show Shark Tank, says he will donate $1 million to the Dallas Police Department to fund 16,000 hours of overtime so police can ramp up counter-terrorism patrols, the city of Dallas announced on Wednesday. Police all over the country are strengthening security efforts after dozens of people were killed by an American who professed allegiance to terrorist group ISIS on Sunday, June 12.

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"I'm proud to be able to help the City of Dallas," Cuban told CNBC. "It was the right thing to do and I will do more of it in a future."

While Cuban is focusing on his hometown, entrepreneurs and corporations are pouring money into various programs. Walt Disney Co. is donating $1 million to the OneOrlando fund. JetBlue Airways Corporation, NBA team the Orlando Magic and restaurant company Daren Restaurants have also donated to the fund, which will send money to victims' families and survivors.

A campaign on crowdfunding site GoFundMe has raised more than $4.8 million from 101,033 people in four days. The company has said that the campaign, which has a goal of raising $7 million for survivors and the families of the deceased, has been one of the fastest-growing campaigns in its history. The company said it will waive most of the transaction fees.

Equality Florida, a LGBT civil rights organization, started the campaign on Sunday and is working with the National Center for Victims of Crime, a nonprofit that distributes funds to victims after the mass shootings. The money will be used to help pay for funeral arrangements, hospital bills for survivors and transporting bodies of the deceased to families who do not live in Florida.

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Dallas Mavericks owner Mark Cuban stands behind the Dallas bench in the opening minutes against the New York Knicks during their NBA game February 24, 2014 at Madison Square Garden in New York. The Mavericks won, 110-108. AFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP/Getty Images)
PHOENIX, AZ - JANUARY 17: Owner Mark Cuban of the Dallas Mavericks looks on during the NBA game against the Phoenix Suns at US Airways Center on January 17, 2014 in Phoenix, Arizona. The Mavericks defeated the Suns 110-107. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Christian Petersen/Getty Images)
Dallas Mavericks NBA basketball team owner and business man Mark Cuban walks with his legal team to the federal courthouse after a break in his inside trading trial in Dallas, Wednesday, Oct. 16, 2013. Jurors in the federal government's insider-trading lawsuit against the billionaire began deliberating Wednesday in federal district court following a trial that spanned three weeks. (AP Photo/LM Otero)
Mark Cuban, Dallas Mavericks NBA basketball team owner and business man, speaks to the media outside the federal courthouse after a verdict in his inside trading trial in Dallas, Wednesday, Oct. 16, 2013. Jurors said that billionaire Mark Cuban did not commit insider-trading when he sold his shares in an Internet company in 2004 after learning of a development that would dilute the value of his investment. The jury in federal court found that the SEC failed to prove several key elements of its case, including that Cuban traded on nonpublic information. (AP Photo/LM Otero)
Billionaire Dallas Mavericks NBA basketball team owner Mark Cuban, center, walks with his legal team to the federal courthouse after a break in his insider trading trial in Dallas, Wednesday, Oct. 16, 2013. Jurors say billionaire Mark Cuban did not commit insider-trading when he sold his shares in an Internet company in 2004 after learning of a development that would dilute the value of his investment. The jury in federal court found that the SEC failed to prove several key elements of its case, including that Cuban traded on nonpublic information. (AP Photo/LM Otero)
Mark Cuban, billionaire owner of the Dallas Mavericks basketball team, speaks with members of the media as he exits federal court in Dallas, Texas, U.S., on Thursday, Oct. 3, 2013. Cuban said he doesn't recall details of a conversation in which he was allegedly warned that information he received about a company was confidential. Photographer: Mike Fuentes/Bloomberg via Getty Images
Mark Cuban, owner of the Dallas Mavericks basketball team, left, exits federal court in Dallas, Texas, U.S., on Monday, Sept. 30, 2013. Cuban goes to trial over regulators' claims he engaged in insider trading when he sold his stake in a Canadian Internet search company nine years ago. Photographer: Ben Torres/Bloomberg via Getty Images
LOS ANGELES, CA - NOVEMBER 24: TV personality Mark Cuban attends the 2013 American Music Awards Powered by Dodge at Nokia Theatre L.A. Live on November 24, 2013 in Los Angeles, California. (Photo by Charley Gallay/AMA2013/Getty Images for Dodge)
The Los Angeles Lakers' Kobe Bryant (24) is hugged Dallas Mavericks owner Mark Cuban after the Mavs' 90-82 win at the American Airlines Center in Dallas on Friday, Nov. 13, 2015. (Paul Moseley/Fort Worth Star-Telegram/TNS via Getty Images)
PHILADELPHIA,PA - NOVEMBER 16: Owner of the Dallas Mavericks Mark Cuban looks on against the Philadelphia 76ers at Wells Fargo Center on November 16, 2015 in Philadelphia, Pennsylvania NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2015 NBAE (Photo by Jesse D. Garrabrant/NBAE via Getty Images)
PHILADELPHIA, PA - NOVEMBER 16: Mark Cuban, owner of the Dallas Mavericks, looks on prior to the game against the Philadelphia 76ers on November 16, 2015 at the Wells Fargo Center in Philadelphia, Pennsylvania. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Mitchell Leff/Getty Images)
LOS ANGELES CA - OCTOBER 29: Mark Cuban, owner of the Dallas Mavericks, follows the action from behind the bench during the third quarter of the basketball game against Los Angeles Clippers at Staples Center October 29, 2015, in Los Angeles California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevork Djansezian/Getty Images)
Mark Cuban, Investor, Entrepreneur and Owner, Dallas Mavericks, offers his critique to finalists at the Global Startup Showcase, as one of four judges at 2015 WSJD Live on October 20, 2015 in Laguna Beach, California. WSJ D Live brings together top CEOs, founders, pioneers, investors and luminaries to explore the most exciting tech opportunities emerging around the world. AFP PHOTO / FREDERIC J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
Mark Cuban, billionaire owner of the National Basketball Association's (NBA) Dallas Mavericks basketball team, left, and his wife Tiffany Cuban arrive at a state dinner in honor of Chinese President Xi Jinping at the White House in Washington, D.C., U.S., on Friday, Sept. 25, 2015. The U.S. and China announced agreement on broad anti-hacking principles aimed at stopping the theft of corporate trade secrets though President Barack Obama pointedly said he has not ruled out invoking sanctions for violators. Photographer: Andrew Harrer/Bloomberg via Getty Images
Mark Cuban, billionaire owner of the National Basketball Association's (NBA) Dallas Mavericks basketball team, left, and his wife Tiffany Cuban arrive at a state dinner in honor of Chinese President Xi Jinping at the White House in Washington, D.C., U.S., on Friday, Sept. 25, 2015. The U.S. and China announced agreement on broad anti-hacking principles aimed at stopping the theft of corporate trade secrets though President Barack Obama pointedly said he has not ruled out invoking sanctions for violators. Photographer: Andrew Harrer/Bloomberg via Getty Images
SHARK TANK - Lori Greiner, Mark Cuban, Daymond John, Barbara Corcoran, Robert Herjavec and Kevin O'Leary is a 'Shark' on ABC's 'Shark Tank.' (Photo by Bob D'Amico/ABC via Getty Images)
SHARK TANK - Mark Cuban is a 'Shark' on ABC's 'Shark Tank.' (Photo by Bob D'Amico/ABC via Getty Images)
Dallas Mavericks' Mark Cuban in action during an NBA basketball game against the Philadelphia 76ers, Monday, Nov. 16, 2015, in Philadelphia. (AP Photo/Matt Slocum)
Dallas Mavericks owner Mark Cuban reacts to a call during the first half of an NBA basketball game against the Philadelphia 76ers, Monday, Nov. 16, 2015, in Philadelphia. (AP Photo/Matt Slocum)
Dallas Mavericks owner Mark Cuban jokes with Boston Celtics forward Jae Crowder (99) during the first quarter of an NBA basketball game in Boston Wednesday, Nov. 18, 2015. (AP Photo/Charles Krupa)
Dallas Mavericks owner Mark Cuban watches from the bench during the first half of an NBA basketball game against the Los Angeles Clippers, Thursday, Oct. 29, 2015, in Los Angeles. (AP Photo/Jae C. Hong)
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GoFundMe has donated $100,000; while WePay and Cricket Wireless each donated $25,000 to the cause.

Tito's Handmade Vodka, based in Texas, has pledged to match up to $25,000 in donations on the GoFundMe campaign.

"All of our family here at Tito's Handmade Vodka are heartbroken over the cowardly act that occurred at Pulse Night Club," Amy Lukken, head of Tito's philanthropic arm, wrote in a statement. "We are responding the only way our family, friends, and fans know how to and that is with love. We desire a world free of hate for all mankind and will continue to support our LGBTQ families."

Brooklyn-born James Beard-nominated chef and entrepreneur Edward Lee, who owns three restaurants, including Louisville, Kentucky-based 610 Magnolia and Milkwood and Succotash in Washington, D.C., announced on Facebook that he will donate more than a month's worth of profits from two of his restaurants to a Kentucky-based LGBT youth group.

Lee competed on season nine of Top Chef and was one of the featured chefs in the third season of The Mind of a Chef on PBS. He is a four-time James Beard Award nominee. Lee says he will donate 49 days worth of profits to Louisville Youth Group, a nonprofit that serves LGBT teenaged from 14 to 20 years old. He estimates the donation will be between $4,000 to $8,000.

"Like many, I want to help but I do not know what to do," Lee writes on Facebook. What I do know is that there are factions on the other side of the fence that will profit from this massacre. That is both illogical and profane. I want to balance the scales even if just a little."


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