April 15, 2004
Founder of eBay Announces New Approach to His Giving
Pierre M. Omidyar, the 36-year-old founder of eBay, the giant online marketplace, has always said he wanted to take an uncoventional approach to giving away the bulk of his fortune, estimated to be worth at least $10-billion. Last month he made that clear by announcing he would fold his foundation into an enterprise that would not just pursue charitable giving, but also engage in public-policy advocacy and provide investment and start-up capital to businesses that promote social
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