Jumo was a social network service and website launched on November 30, 2010, to index charities so that people can find and evaluate them. Jumo was founded by Facebook co-founder Chris Hughes . On August 17, 2011, he announced Jumo was merging with the GOOD organization, providing a social engagement platform to complement their magazine content.
7-525: Jumo reported raising $ 3.5 million in donations and sponsorships prior to its launch, including up to $ 750,000 from Omidyar Network . On August 17, 2011, Jumo announced that it had been acquired by the GOOD , a collaborative magazine and event media company headquartered in Los Angeles, USA. The company blog states the purpose to be "to create a powerful online content and social engagement platform". One of
14-479: A social networking service is a stub . You can help Misplaced Pages by expanding it . Omidyar Network Omidyar Network is a self-styled " philanthropic investment firm ," composed of a foundation and an impact investment firm . Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, Omidyar Network has committed over US$ 1.5 billion to nonprofit organizations and for-profit companies across multiple investment areas. According to
21-486: A global philanthropic organization that invests in civic empowerment, data and digital rights , financial transparency , and independent media . It is led by Stephen King. In 2019, Omidyar Network spun off its Financial Inclusion initiative. The group now operates as Flourish and is led by Tilman Ehrbeck, Arjuna Costa, and Emmalyn Shaw. As of 2022, the CEO of Omidyar Network is Mike Kubzansky. Its board of directors include
28-603: The OECD , Omidyar Network's financing for 2019 development increased by 10% to US$ 58.9 million. Composed of a 501(c)(3) and a Limited Liability Company (LLC), Omidyar Network is structured to work across the social, business, and government sectors. Like a traditional foundation , it makes grants through its 501(c)(3) entity; through its LLC, it invests in for-profit entities. It is a part of The Omidyar Group. In 2018, Omidyar Network spun off its Governance & Citizen Engagement initiative. The group now operates as Luminate,
35-727: The Wikimedia Foundation , and at the same time, Matt Halprin of Omidyar Network was appointed to Wikimedia's board of directors. From 2012, Omidyar Network has been a partner of Better Than Cash Alliance . In 2017, Omidyar Network together with AVINA Americas and Avina Foundation founded the Latin American Alliance for Civic Technology (ALTEC) to invest in and support the development in Latin America of civic technology platforms and related scalable technologies. In 2020, it invested $ 150,000 in
42-552: The managing directors of The Omidyar Group, Jeff Alvord and Pat Christen and in 2023 Michele Jawando was senior vice president for programs. As of 2022, the organization has offices in Silicon Valley , Bengaluru , London , Mumbai , Nairobi , and Washington, D.C. Omidyar Network invested in the microfinance sector, including Unitus Inc. In 2009, the Omidyar Network donated $ 2 million over two years to
49-554: The reasons behind that acquisition is believed to be that Jumo's platform was not receiving the level of user traffic it has anticipated to grow itself. Two months after being acquired by GOOD , Jumo announced the release of their entire code base into the public domain on October 5, 2011. With this release, the company said that "the community will have access to functionality that enables users to create and curate content and actions around more than 250 issue areas, from human trafficking to childhood obesity". This article about
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