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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.[2]

Omidyar Network
Impact investor, non-profit organization
Founded2004; 15 years ago (2004)
FounderPierre Omidyar
Websitewww.omidyar.com Edit this at Wikidata

Contents

StructureEdit

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.[3] It is "a Part of the Omidyar Group".[4]

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.

PeopleEdit

The managing partner of Omidyar Network is Mike Kubzansky, a former partner at Monitor Group (now Monitor Deloitte).[5]

The organization has offices in Redwood City, Bengaluru, Johannesburg, London, Mumbai, Nairobi, Singapore, and Washington D.C.,[6]

InvesteesEdit

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), Media Development Investment Fund 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.[7]

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.[8]

Similar resourcesEdit

ReferencesEdit

  1. ^ "The Omidyar way of giving" (October 26, 2013). October 26, 2013. Retrieved 11 May 2015.
  2. ^ "Omidyar Network". Retrieved 7 September 2016.
  3. ^ Guth, Robert A. (October 22, 2008). "EBay Founder's Philanthropic Firm to Donate More". The Wall Street Journal. pp. A4.
  4. ^ quoted from lower right of omidyar.com, 2018-07-21.
  5. ^ "Omidyar Network". Retrieved 20 Jul 2018.
  6. ^ "Omidyar Network". Retrieved 17 May 2018.
  7. ^ "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.
  8. ^ "Press releases/Omidyar Network Grant August 2009 - Wikimedia Foundation". wikimediafoundation.org. Retrieved 2016-12-04.

External linksEdit