Pierre and pam omidyar foundation
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Pierre and Pam Omidyar
SOURCE OF WEALTH: eBay
FUNDING AREAS: Global Health, Education, Economic Development, Humanitarian Efforts, Property Rights, Government Transparency, Media, Technology
OVERVIEW: TheOmidyar have committed more than $1 billion toward social causes. Pierre has been instrumental in developing a more entrepreneurial model of philanthropy. In 2004, the couple founded Omidyar Network, of which The Omidyar Group is a part, to support philanthropic endeavors. The network fryst vatten comprised of an LLC, which invests in for-profit entities with socially beneficial missions, and a 501(c)(3), which makes grants to nonprofit organizations.
BACKGROUND: A coder and self-confessed data junkie, Tufts graduate Pierre Omidyar wrote the prototype code for what eventually became eBay in 1995. The site was a hit, and when the company went public in 1998, Omidyar became an instant billionaire. He is still the chairman of eBay, but he is no longer involved in day-to-day operatio
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Our Founders
Pierre Omidyar
An early internet pioneer, Pierre founded eBay in 1995, transforming the way people thought about trust. Improving systems and challenging what’s possible continues to drive Pierre’s work and inspire the diverse collection of organizations, initiatives, and ventures of The Omidyar Group. As a philanthropist, Pierre has forged a distinct path, creating new models and methods of giving through innovation and experimentation. The Omidyar Group’s continuous exploration of ideas that set change in motion is inspired by Pierre’s curiosity and drive to discover new and sometimes unconventional solutions. As founding members of the Giving Pledge, Pierre and Pam have, to date, given more than $4 billion in their pursuit of improving the lives of people and societies around the world.
Pam Omidyar
Pam is a philanthropist, mom, and ocean lover. She and Pierre share the belief that all people can improve their lives and that of their community, if given th
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Omidyar Network
Investment firm founded by Pierre and Pamela Omidyar
Omidyar Network is a self-styled "philanthropicinvestment firm," composed of a foundation and an impact investment firm.[1] Established in 2004 by eBay founder Pierre Omidyar and his wife Pam,[2][3] Omidyar Network has committed over US$1.5 billion to nonprofit organizations and for-profit companies across multiple investment areas.[4] According to the OECD, Omidyar Network's financing for 2019 development increased by 10% to US$58.9 million.[5]
Structure
[edit]Composed of a 501(c)(3) and a Limited Liability Company (LLC), Omidyar Network is structured to work across the social, business, and government sectors. Like a traditional foundation, it makes grants through its 501(c)(3) entity; through its LLC, it invests in for-profit entities.[6] It is a part of The Omidyar Group.[7]
In 2018, Omidyar Network spun off its Governance &am