e-bay
Staci Alziebler
> From: "Trudy C. Kilian" <tcki...@ix.netcom.com>
> Subject: Re: eBay Foundation?
>
> Thank you, Stephen Nill, for your reply reminding me how to search the
> archives at CharityChannel. I subscribe to some of your Listservs and
> find them very useful. Unfortunately, the only references I could find
> to eBay on "Charity Talk" were about the eBay auction services. There
> were no references to eBay on "Grants."
>
> Trudy
>
**********************************************************************
<snip>
Dear Trudy, et. al.
Perhaps the following information from another listserve will help?
Staci M. Alziebler
Director of Finance
United Nations Association of the
United States of America, Inc.
801 Second Avenue, Second Floor
New York, New York 10017
(212) 907-1335
http:\\www.unausa.org
==========================
PHILANTHROPY JOURNAL ALERT
Vol. 3 No. 70
May 12, 1999
==========================
<snip>
***********************************************************
***eBay sets an example in online giving
After eBay, the popular San Jose-based Internet auction site, went
public last September, co-founders Jeffrey Skoll and Pierre Omidyar
wanted to show their appreciation to the people who invested in eBay's
stock.
ABC News reported May 11 that, using shares of eBay stock as seed
capital, the men established a foundation to fund a community center for
San Jose's at-risk youths. Valued at $2 million last year and spurred by
eBay's meteoric success, the foundation is now worth ten times that
amount.
Although much of the nation's new wealth is a product of the technology
boom, eBay is one of the first online commerce companies to use its
revenues charitably. "We recognized that our community has been such a
strong part of building eBay that we wanted the community to benefit
from the stock offering as well," says Skoll.
The fund is managed by the Community Foundation of Silicon Valley, one
of the technology industry's primary sources of charitable donations.
Peter Hero, Community Foundation's executive director, wants the eBay
fund to set an example for other members of the Internet industry. "We
certainly hope this serves as a precedent," he says.
Other online commerce companies are already following eBay's lead:
Netcentives of San Francisco is donating funds to its newly-established
Entrepreneurs' Foundation and rewarding World Wildlife Fund donors with
frequent-flier miles
In addition to funding the San Jose community center, eBay is also
supporting the Farm Drive organization and the University of
California's Research Expeditions Program. The program sends elementary
school students and teachers on research expeditions. Executive director
Jean Colvin says, "[eBay] is making the difference between having a
program and not having a program."
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