Elsewhere online
September 25, 2015

Pierre Omidyar Donates $269 Million in eBay Shares

Internet billionaire Pierre Omidyar has given away one-tenth of his holdings in eBay, a stock gift valued at nearly $270 million, according to EcommerceBytes. The Omidyar Group, which manages the philanthropic activity of the eBay co-founder and his wife, Pam, did not respond to requests for comment on what organizations or causes will benefit from last month's gift.

The news site, which covers the online-auction industry, cites a regulatory filing this week by eBay disclosing the donation of 9.6 million shares on Aug. 13, a day when the firm's stock closed at $27.99.

The Omidyars donated $180 million last year, ranking them 12th on The Chronicle of Philanthropy's Philanthropy 50 roster of top U.S. donors. They have been fixtures on the annual list for more than a decade. The couple's major beneficiaries include organizations that fight human trafficking, develop technology to help critically ill children, and support various causes in their home state of Hawaii, as well as their own nonprofit, the Omidyar Network.