In a year that brought decreases in consumer spending globally, eBay (Nasdaq: EBAY) buyers and sellers rallied to raise a record $50 million for U.S. and U.K. nonprofit organizations so far in 2009. eBay Giving Works, eBay’s marquee online fundraising program that allows individuals to donate while using eBay, has enabled users to contribute more than $162 million to their favorite causes since 2003. The program, called eBay for Charity in the U.K., has provided a new online fundraising channel to more than 21,000 organizations, from small, community-based parent-teacher associations and animal rescues to nationally recognized nonprofits like Susan G. Komen for the Cure, Oxfam, and St. Jude Children's Research Hospital.
“The eBay community has proven time and again that small actions, when brought to scale, can have a big impact,” said eBay Inc. CEO John Donahoe. “It’s what makes the eBay marketplace so unique, and what enables our community to do good things for causes they believe in. I want to thank every single buyer and seller who connected through eBay and gave back to their communities through eBay Giving Works. Your generosity this year, especially in such a tough economy, isn’t just impressive – it’s inspiring. We’re looking forward to helping you do even more good next year.”
Top donors like eBay Top Rated Seller Elizabeth Bennett have been able to use the program to donate thousands to causes that they believe in; 10 percent of the final sale price of goods bought on her eBay store, Africa Direct, goes to charity. To date, Bennett has raised nearly $40,000 for charity through the eBay Giving Works program.
eBay Giving Works enables eBay users to support their favorite causes whenever they buy and sell. Every minute, over $91 is raised for good causes on eBay. Eight nonprofits in the U.S. have raised more than $1 million with eBay Giving Works. The most money raised for charity from a single listing on eBay was $2.1 million in 2008, for a power lunch with Warren Buffett benefiting the Glide Foundation. The same auction in 2009 went for $1.68 million. In November and December of 2009, eBay Inc. matched $230,000 in funds that were committed via Give at Checkout.
About eBay
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.
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