EBay Founders Look for New Ways to Do Good

Pierre Omidyar and Jeffrey Skoll, the co-founders of eBay, are finding new and creative ways to give away their billions of dollars, investing in nonprofit groups and for-profit companies with a social mission—even a film-production company, reports the Los Angeles Times.

The Omidyar Network is working to make microfinance a viable, popular investment choice, and it invests in organizations—either nonprofit or for-profit—that have the potential to grow and sustain themselves through their work. The organization’s staff members come from both the corporate and the nonprofit worlds.

The Skoll Foundation helps nonprofit groups grow and builds networks with its grant recipients to foster collaboration. Skoll also runs the for-profit Participant Productions, a film company that produced several acclaimed movies, including “An Inconvenient Truth,” “Fast Food Nation,” and “Good Night, and Good Luck.”

Read The Chronicle‘s profile of Mr. Skoll and its story on recent microfinance efforts, including those by Mr. Omidyar.

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