May 4, 2000
'Forbes': Reinventing Traditional Giving
Pierre Omidyar, who started the online auction site eBay, is pouring his money into philanthropy -- but not before trying to reinvent it, says Forbes magazine (May 1).
Mr. Omidyar and his wife, Pamela, are trying to use the principles of venture capitalism to "demolish" traditional models of grant making in favor of new ones that produce greater accountability in the way charitable dollars are distributed and spent, the magazine says.
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