The first corporate foundation in the U.S. to be endowed with pre-IPO stock, eBay Foundation was established in 1998, underscoring the company’s longstanding commitment to philanthropy. Over the years, eBay Foundation has extended its commitment to creating economic opportunity through strategic investments in disruptive initiatives working toward enabling all people, in developed and developing countries alike, to participate in the economy. An example of that is The Opportunity Project, which focuses on scaling the impact of high potential social entrepreneurs. The Foundation also engages eBay Inc. employees and supports their pursuit of charitable giving and volunteerism through its GIVE Team program. The Foundation has contributed more than $30 million to nonprofit organizations worldwide and has consistently been ranked in a list of the top corporate philanthropists in Silicon Valley.