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Endeavor Vision2020

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page 126 Omidyar Network: a combination of nonprofit and for-profit. "Many people don't distinguish between charity and philanthropy, but to me there's a significant difference. When I use the word 'charity,' I think of what's needed to alleviate immediate suffering. It's just pure generosity driven by compassion, and it's important but never-ending work—there will always be more suffering. Philanthropy is much more. It comes from the Latin for 'love of humanity.' Philanthropy is a desire to improve the state of humanity and the world. And if we want to make sustainable change, we have to put all the tools at our disposal to their best possible use. Initially we drew some criticism for our hybrid approach. Businesspeople going into philanthropy or nonprofits typically have the idea that they need to 'give back.' This implies, of course, that when they worked in the business world, they were 'taking away.' I've tried to challenge that assumption. A true philanthropist will use every tool he can to make an impact." PIERRE OMIDYAR Founder of Omidyar Network

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