Pierre Omidyar takes the tax hit to invest philanthropically in for-profits and nonprofits

11/27/2013 |

Summary

Pierre Omidyar sought more flexibility than the 5% foundation payout model offered. He says the loss of $1-2 million in annual tax deductions is a small price to pay to “use the power of the private sector to improve people’s lives at a very large scale."
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11/27/2013