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IMPACT
10/20/2011 08:49 am ET Updated Dec 20, 2011


EBAY FOUNDER PIERRE OMIDYAR ON WHY HE’S DROPPED $1 BILLION TO MAKE THE WORLD A
BETTER PLACE

By Eleanor Goldberg
 * 
 * 
 * 
 * 
 * 



Download


After creating the world of eBay, a place where people could easily share
passions and build businesses, Pierre Omidyar realized he had to take that
platform out into the real world, to empower those in need. In the last decade,
Omidyar and his wife have committed $1 billion to just that, and have earned a
Carnegie Medal of Philanthropy Award for their efforts.

Every two years, the Carnegie Medal award honors magnanimous individuals and
families who, like Andrew Carnegie, use their private wealth to make a lasting
impact on a field, nation, or international community. Omidyar and his wife,
Pamela — one of 11 recipients — have used their success to help tackle human
trafficking and health issues as well as embolden entrepreneurs.

Advertisement


“I created [eBay] with the belief that people are good. If you give people the
opportunity to do the right thing, you’ll rarely be disappointed,” Omidyar told
The Huffington Post. “After eBay became so financially successful, I really felt
a sense of responsibility to put that to good use.”



Pierre and Pamela — both 44 years old — have already established three
nonprofits and said that they are just getting warmed up in the area of giving
back.

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Wake up to the day's most important news.


OMIDYAR NETWORK

“Everyone is born equally capable, but lacks equal opportunity,” Pierre said of
his inspiration to launch the Omidyar Network, a philanthropic investment firm
that gives disadvantaged people the tools they need to achieve financial
success.



This organization is unique in that it makes investments in for-profit companies
and grants for nonprofit organizations.

Advertisement


One of many businesses that has emerged from the network is D.Light, an
India-based lantern company that provides low-cost lights to residents who
either rely on hazardous kerosene lamps after dark, or who live without
electricity altogether.

HUMANITY UNITED

Pamela took the lead in 2005 in establishing Humanity United, a nonprofit that
tackles issues of human trafficking and conflict across the world. The
organization focuses its efforts on forging peace in Sudan and helping to build
a democratic state in Liberia. It also established the Alliance to End Slavery
and Trafficking to help put an end to modern-day slavery.

HOPELAB

The HopeLab uses the palatable nature of technology to help improve children’s
health. The organization, for example, created a video game for adolescents with
cancer. The game offers a digestible way for adolescents to better understand
what is attacking their bodies. Those who played the games have improved
compliance to their medication, Pierre said.

“This could hopefully lead to better outcomes,” he said.

Though the Omidyars have committed a jaw-dropping $1 billion to making the world
a better place, Pierre said he believes the dollar amount isn’t the most
critical component when it comes to exacting change.

“When you look at this top line number, it’s very easy to focus on dollars,”
Pierre said. “The money matters, but the impact matters more. We’re really
committed to trying to find new tools to have impact. That has been the most
rewarding part of this journey.”

See the full list of Carnegie Medal Winners.

WATCH Related Video:



> CORRECTION: This post originally called the award the Carnegie Mellon, when
> it’s actually the Carnegie Medal. The story has been updated to reflect the
> change.

Calling all HuffPost superfans!
Sign up for membership to become a founding member and help shape HuffPost’s
next chapter
Join HuffPost

Eleanor Goldberg
Business Reporter, HuffPost
Suggest a correction

MORE:

Philanthropy Impact eBay Pierre Omidyar

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