Gift to Tufts will aid world's smallest firms

Founder of eBay, wife donate $100m

Pierre and Pam Omidyar, Tufts graduates, have given the university its biggest donation ever, to help poor people around the world to start up small businesses with very small loans.
By Marcella Bombardieri
Globe Staff / November 4, 2005

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

Text size +

The founder of eBay and his wife have donated $100 million to Tufts University, the school's largest gift ever, but also one with a unique twist: All the money will be invested in microfinance, which involves tiny loans as low as $40, designed to help poor people in the developing world start small businesses, such as selling hand-woven cloth or ... (Full article: 931 words)

This article is available in our archives:

Globe Subscribers

FREE for subscribers

Subscribers to the Boston Globe get unlimited access to our archives.

Not a subscriber?


Purchase an electronic copy of the full article. Learn More

  • $9.95 1 month archives pass
  • $24.95 3 months archives pass
  • $74.95 1 year archives pass

Connect with

Twitter Follow us on @BostonUpdate, other Twitter accounts