Billionaire eBay Founder Gives 10 Percent of His Stock, $269 Million, to Charity

Pierre Omidyar, who co-founded online giant eBay, has given 10 percent of his stock in the San Jose-based online auction company, worth an estimated $269 million, to undisclosed charities, according to a Securities and Exchange Commission filing.

Pierre and Pam Omidyar's Omidyar Group, their philanthropic enterprise, didn't say where the charitable funding will go. The gift covered 9.6 million shares, valued at $27.99 a share at the time of the filing on Aug. 13.

News of the SEC filing originally was reported by EcommerceBytes, an online news site, and picked up by The Chronicle of Philanthropy, which reported that the Omidyars donated $180 million in 2014, ranking them 12th on its Philanthropy Top 50 list of leading U.S. philanthropists last year.