EBay founder, Pierre Omidyar, along with his wife Pam, has donated $100 Million to the Tufts University.


EBay founder, Pierre Omidyar, along with his wife Pam, has donated $100 Million to the Tufts University’s endowment fund. The money will be used as investment in the international microfinance initiatives. Microfinance initiatives include providing loans to the poor, to help them pursue businesses and earn.

Half of the earnings from the fund will be re-invested in the initiatives. The other half will be used by Tuft University for financial aid for graduates of the university pursuing public service careers, scholarships and so on.

An organization, with a board of trustees controlling it, will be in charge of the funds.

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