Omidyar Network is a self-styled "
philanthropic
Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...
investment firm
An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under th ...
," composed of a foundation and an
impact investment firm. Established in 2004 by
eBay
eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became ...
founder
Pierre Omidyar
Pierre Morad Omidyar (born Parviz Morad Omidyar, June 21, 1967) is a French-born Iranian-American billionaire. A technology entrepreneur, software engineer, and philanthropist, he is the founder of eBay, where he served as chairman from 199 ...
and his wife Pam, Omidyar Network has committed over $1.5billion to
nonprofit organization
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...
s and
for-profit companies across multiple investment areas. According to the
OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate ...
, Omidyar Network's financing for 2019 development increased by 10% to US$58.9 million.
Activism and accomplishments
In February 2021, the network hosted
series on whistleblowing and has provided financial support to Facebook whistleblower
Frances Haugen
Frances Haugen (born 1983 or 1984) is an American data engineer and scientist, product manager, and whistleblower. She disclosed tens of thousands of Facebook's internal documents to the Securities and Exchange Commission and ''The Wall Street J ...
and
Pinterest
Pinterest is an American image sharing and social media service designed to enable saving and discovery of information (specifically "ideas") on the internet using images, and on a smaller scale, animated GIFs and videos, in the form of pinboa ...
whistleblower
Ifeoma Ozoma
Ifeoma Ozoma (born 1991 or 1992) is an American public policy specialist and technology industry equity advocate. After two years working on public policy at Pinterest, Ozoma resigned and spoke out about mistreatment and racial discriminatio ...
.
Structure
Composed of a
501(c)(3) and a
Limited Liability Company
A limited liability company (LLC for short) is the United States of America, US-specific form of a private limited company. It is a business structure that can combine the Flow-through entity, pass-through taxation of a partnership or sole p ...
(LLC), Omidyar Network is structured to work across the social, business, and government sectors. Like a traditional
foundation
Foundation may refer to:
* Foundation (nonprofit), a type of charitable organization
** Foundation (United States law), a type of charitable organization in the U.S.
** Private foundation, a charitable organization that, while serving a good cau ...
, it makes
grants
Grant or Grants may refer to:
Places
*Grant County (disambiguation)
Australia
* Grant, Queensland, a locality in the Barcaldine Region, Queensland, Australia
United Kingdom
*Castle Grant
United States
* Grant, Alabama
*Grant, Inyo County, ...
through its 501(c)(3) entity; through its LLC, it invests in for-profit entities. It is a part of The Omidyar Group.
In 2018, Omidyar Network spun off its Governance & Citizen Engagement initiative. The group now operates as Luminate, a global philanthropic organization that invests in Civic Empowerment, Data & Digital Rights, Financial Transparency, and Independent Media. It is led by Stephen King.
In 2019, Omidyar Network spun off its Financial Inclusion initiative. The group now operates as Flourish and is led by Tilman Ehrbeck, Arjuna Costa, and Emmalyn Shaw.
People
As of 2022, the CEO of Omidyar Network is Mike Kubzansky. Its board of directors include the managing directors of The Omidyar Group, Jeff Alvord and Pat Christen.
The organization has offices in
Redwood City
Redwood City is a city on the San Francisco Peninsula in Northern California's Bay Area
The San Francisco Bay Area, often referred to as simply the Bay Area, is a populous region surrounding the San Francisco, San Pablo, and Suisun Bay e ...
,
Bengaluru
Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...
,
Johannesburg
Johannesburg ( , , ; Zulu language, Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a Megacity#List of megacities, megacity, and is List of urban areas by p ...
,
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
,
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the secon ...
,
Nairobi
Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city prope ...
,
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
, and
Washington D.C.
)
, image_skyline =
, image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, Na ...
Investees
Omidyar Network invested in the microfinance sector, including
Unitus Inc. Unitus Labs a successor of Unitus Inc., is a non-profit microcredit organization that worked to provide credit lines to aid in development, especially in India. It was heavily involved with SKS Microfinance. It was originally organized in 2001, an ...
, Omidyar Network counts the following organizations as partners:
Ashoka
Ashoka (, ; also ''Asoka''; 304 – 232 BCE), popularly known as Ashoka the Great, was the third emperor of the Maurya Empire of Indian subcontinent during to 232 BCE. His empire covered a large part of the Indian subcontinent, ...
,
Comat Technologies
Comat is an Indian social enterprise specializing in the delivery of information based services to rural citizens in India. It was founded in 1996 and currently has over 800 rural centers from which it serves over 75,000 citizens each day. In Jun ...
,
Creative Commons
Creative Commons (CC) is an American non-profit organization and international network devoted to educational access and expanding the range of creative works available for others to build upon legally and to share. The organization has releas ...
,
Digg
Digg, stylized in lowercase as digg, is an American news aggregator with a curated front page, aiming to select stories specifically for the Internet audience such as science, trending political issues, and viral Internet issues. It was launche ...
,
DonorsChoose
DonorsChoose is a United States-based nonprofit organization that allows individuals to donate directly to public school classroom projects. The organization has been given Charity Navigator's highest rating every year since 2005. In January 20 ...
,
Endeavor
Endeavour or endeavor may refer to:
People
Fictional characters
* Endeavour Morse, central character of the ''Inspector Morse'' novels by Colin Dexter
* Endeavor, the hero name for the character Enji Todoroki from the anime series ''My Hero A ...
,
Federated Media Publishing
John Linwood Battelle (born November 4, 1965) is an entrepreneur, author and journalist. Best known for his work creating media properties, Battelle helped launch ''Wired'' in the 1990s and launched ''The Industry Standard ''during the dot-com bo ...
,
GlobalGiving
GlobalGiving is 501(c)(3) non-profit organization based in the United States that provides a global crowdfunding platform for grassroots charitable projects. Since 2002, more than 1.6 million donors on GlobalGiving have donated more than $750 mi ...
,
Goodmail
Certified email (known as ''Posta elettronica certificata'' in Italy, or ''PEC'' in short) is a special type of email in use in Italy, Switzerland, Hong Kong and Germany. Certified email is meant to provide a legal equivalent of the traditional ...
,
GuideStar
Candid is an information service specializing in reporting on U.S. nonprofit companies. In 2016, its database provided information on 2.5 million organizations.Wyland, Michael. "GuideStar Introduces Program Metrics Section for Nonprofit Profile ...
,
Linden Lab
Linden Research, Inc., doing business as Linden Lab, is an American technology company that is best known as the creator of ''Second Life''.
The company's head office is in San Francisco, with additional offices in Boston, Seattle, Virginia an ...
(developer of
Second Life
''Second Life'' is an online multimedia platform that allows people to create an avatar for themselves and then interact with other users and user created content within a multi player online virtual world. Developed and owned by the San Fra ...
global virtual community),
Media Development Investment Fund
Media Development Investment Fund (MDIF), formerly Media Development Loan Fund, is a New York-registered non-profit 501(c)(3) organization and mission-driven investment fund that provides low-cost financing to independent news and information busi ...
,
Meetup
Meetup is a social media platform for hosting and organizing in-person and virtual activities, gatherings, and events for people and communities of similar interests, hobbies, and professions. It was founded in 2002 by Scott Heiferman and four ot ...
,
Metaweb
Metaweb Technologies, Inc. was a San Francisco-based company that developed Freebase, described as an "open, shared database of the world's knowledge". The company was co-founded by Danny Hillis, Veda Hlubinka-Cook and John Giannandrea in 200 ...
, ModestNeeds,
Open Data Institute
The Open Data Institute (ODI) is a non-profit private company limited by guarantee, based in the United Kingdom. Founded by Sir Tim Berners-Lee and Sir Nigel Shadbolt in 2012, the ODI’s mission is to connect, equip and inspire people around ...
,
Opportunity International
Opportunity International is a 501(c)(3) nonprofit organization that is working to end global poverty by creating and sustaining jobs. Through a network of 47 program and support partners, Opportunity provides small business loans, savings, ins ...
,
PRBC,
Prosper,
Rappler, SeaChange Capital Partners,
Seesmic
Seesmic was a suite of freeware World Wide Web, web, Mobile phone, mobile, and Desktop computer, desktop Computer application, applications which allowed users to simultaneously manage user accounts for multiple social networks, such as Facebook ...
,
Socialtext
Socialtext Incorporated was a company based in Palo Alto, California, that produced enterprise social software for companies. It offered an integrated suite of wiki tools and social software applications, including microblogging, user profiles, ...
,
Sunlight Foundation
The Sunlight Foundation was an American 501(c)(3) nonpartisan, nonprofit organization that advocated for open government. The organization was founded in April 2006 with the goal of increasing transparency and accountability in the United State ...
,
Virgin Money
Virgin Money is a financial services brand used by two independent brand-licensees worldwide from the Virgin Group. Virgin Money branded services are currently available in Australia and the United Kingdom. The brand formerly operated in South Af ...
,
Wikia
Fandom (formerly known as Wikicities before 2007 and later Wikia before 2019) is a wiki hosting service that hosts wikis mainly on entertainment topics (i.e. video games, TV series, movies, entertainers, etc.). Its domain is operated by Fandom ...
, World of Good.
From 2012, Omidyar Network has been a partner of
Better Than Cash Alliance.
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.
In 2009, the Omidyar Network donated $2 million over two years to the
Wikimedia Foundation
The Wikimedia Foundation, Inc., or Wikimedia for short and abbreviated as WMF, is an American 501(c)(3) nonprofit organization headquartered in San Francisco, California and registered as a charitable foundation under local laws. Best kno ...
, and at the same time, Matt Halprin of Omidyar Network was appointed to Wikimedia's board of directors.
During the 2020
COVID-19 pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified ...
, Omidyar Network funded 67 projects under the Rapid Response Funding Initiative, investing a total of . These projects were selected from 2000 applications. The projects funded included RightWalk Foundation, Peepul India, and GiveIndia.
In 2020, it invested $150,000 in the legal assistance organization
Whistleblower Aid Whistleblower Aid is a nonprofit legal assistance organization co-founded by John Tye and Mark Zaid to help whistleblowers in government and the private sector. It provides free legal services as well as support and security services for eligible c ...
.
See also
*
Acumen Fund
Acumen (formerly known as Acumen Fund, legally Acumen Fund, Inc.) is a nonprofit impact investment fund focused on investing in social enterprises that serve low-income individuals in United States. Acumen was founded in April 2001 by Jacqueli ...
*
Bill and Melinda Gates Foundation
The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation, is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was ...
*
Blue Haven Initiative
Blue Haven Initiative (BHI) is an impact investment organization based in the United States and is one of the largest investment funds in the world dedicated solely to impact investing. Blue Haven's venture capital fund invests in early-stage, in ...
*
Jasmine Social Investments
Jasmine Social Investments is a New Zealand-based private foundation started by the entrepreneur Sam Morgan in 2006 following the sale of his company Trade Me to Fairfax Media.
Similar resources
* Acumen Fund
* Bill and Melinda Gates Foun ...
*
Mulago Foundation
The Mulago Foundation is a private foundation focused on high impact philanthropy: investing in charities and philanthropic opportunities that have the highest impact. The foundation was originally envisioned by Rainer Arnhold, a San Francisco pe ...
*
Peery Foundation
The Peery Foundation is a private foundation based in Palo Alto (near San Francisco), California, US. According to its website, it "primarily invests in early to mid-stage social entrepreneurs who are effectively addressing the issues of poverty. ...
*
Philanthrocapitalism
Philanthrocapitalism or philanthropic capitalism is a way of doing philanthropy, which mirrors the way that business is done in the for-profit world. It may involve venture philanthropy that actively invests in social programs to pursue specific p ...
*
Skoll Foundation
The Skoll Foundation is a private foundation based in Palo Alto, California. The foundation makes grants and investments intended to reduce global poverty. Jeffrey Skoll created the foundation in 1999.
The total assets of the foundation (includ ...
References
External links
*
The Omidyar Group
{{authority control
Foundations based in the United States
2004 establishments in California