Omidyar Network

Omidyar Network
Impact Investor, Non-profit organization
Founded 2004 (2004)
Founder Pierre Omidyar
Website www.omidyar.com

Omidyar Network is a self-styled "philanthropic investment firm," composed of a foundation and an impact investment firm.[1] Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, Omidyar Network reports it has committed more than $992 million to nonprofit organizations and for-profit companies across multiple investment areas, including Consumer Internet & Mobile, Education, Financial Inclusion, Governance & Citizen Engagement, and Property Rights.[2]

Omidyar Network was founded on the fundamental belief that every person has the power to make a difference. The foundation believes that they create opportunity for people to realize that power and improve the quality of their lives. In addition, they advocate that when people take the initiative to make life better for themselves, they can share the benefits with their families, become more active in their communities, and be a more positive force in society.[3]


Structure

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.[4] It is "A Part of the Omidyar Group".[5]

People

The managing partner of Omidyar Network is Mike Kubzansky, the former at Monitor Group (now Monitor Deloitte) [6]. Tilman Ehrbeck, former CEO of the Consultative Group to Assist the Poor, Sal Giambanco, formerly of eBay and PayPal, Stephen King, ex-BBC World Trust, Amy Klement, formerly of eBay and PayPal, Arjuna Costa, Roopa Kudva, Shripriya Mahesh, and Scott Wu are also partners.

The organization has offices in Redwood City, Bengaluru, Johannesburg, London, Mumbai, Nairobi, Singapore, and Washington D.C.,[7]

Partners

As of April 2009, Omidyar Network counts the following organizations as partners: Ashoka, Comat Technologies, Creative Commons, Digg, DonorsChoose, Endeavor, Federated Media Publishing, GlobalGiving, Goodmail, GuideStar, Linden Lab (developer of Second Life global virtual community), Meetup, Metaweb, ModestNeeds, Opportunity International, PRBC, Prosper, Rappler, SeaChange Capital Partners, Seesmic, Socialtext, Sunlight Foundation, Virgin Money, Wikia, World of Good.

In 2017, Omidyar Network together with AVINA Americas and Avina Foundation founded the Latin American Alliance for Civic Technology (ALTEC) to invest in and support the development in Latin America of civic technology platforms and related scalable technologies.[8]

In 2009, the Omidyar Network donated $2 million over two years to the Wikimedia Foundation, and at the same time, Matt Halpin of Omidyar Network was appointed to Wikimedia's board of directors.[9]

Similar resources

References

  1. ↑ "The Omidyar way of giving" (October 26, 2013). October 26, 2013. Retrieved 11 May 2015.
  2. ↑ "Omidyar Network". Retrieved 7 September 2016.
  3. ↑ "Investment Approach". Retrieved 27 December 2015.
  4. ↑ Guth, Robert A. (October 22, 2008). "EBay Founder's Philanthropic Firm to Donate More". The Wall Street Journal. pp. A4.
  5. ↑ quoted from lower right of omidyar.com, 2018-07-21.
  6. ↑ "Omidyar Network". Retrieved 20 Jul 2018.
  7. ↑ "Omidyar Network". Retrieved 17 May 2018.
  8. ↑ "Omidyar Network Invests $2.9 Million in Civic Tech Alliance". Philanthropy News Digest (PND). 19 February 2017. Archived from the original on 22 February 2017.
  9. ↑ "Press releases/Omidyar Network Grant August 2009 - Wikimedia Foundation". wikimediafoundation.org. Retrieved 2016-12-04.
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