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Omidyar Network Fund, Inc.

Profile

Last Updated: 2016-05-11

At A Glance

Omidyar Network Fund, Inc.

1991 Broadway St., Ste. 200

Redwood City, CA United States 94063-1958

URL: www.omidyar.com

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2014-12-31)

Assets: $321,874,224

Total giving: $45,657,753

EIN

201173866

BRIDGE Number

3628884062

Background

Established in 2004 in CA from the transfer of funds from the Omidyar Foundation - Founded by Pierre Omidyar, a businessman and philanthropist who founded the auction web site eBay in 1995. Pierre and Pam Omidyar have committed to The Giving Pledge, and have pledged to give away at least half of their wealth to philanthropy

Purpose and Activities

The fund makes both investments and grants, identifying likeminded organizations to support, help scale, and collaborate with to help realize their full potential. The fund's efforts are organized around two investment initiatives: 1) Access to Capital - The fund works to create economic opportunity for people in emerging markets. The focus of this initiative is on microfinance, small/medium enterprises, emerging market ventures, and property rights; 2) Media, Markets and Transparency- The fund emphasizes technology that promotes transparency, accountability, and trust across media, markets, and government. The focus of this initiative is on social media, marketplaces, government transparency, and trust/reputation and identity.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

The foundation made PRIs to provide fuding to businesses and microfinance institutions in India. The foundation has made PRIs in the form of loans through a private equity fund that makes strategic investments in emerging microfinance institutions.

Fields of Interest

Subjects
  • Computer science
  • Economic development
  • Entrepreneurship
  • International development
  • Public affairs
  • Social enterprise
  • Technology
Population Groups
  • Academics
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $321,874,224 (market value)

Gifts received: $38,054,713

Expenditures: $45,657,753

Total giving: $45,657,753

Qualifying distributions: $49,041,126

Giving activities include:

$46,657,753 for grants

$3,383,373 for loans/program-related investments