Craig Newmark, the 71-year-old retired founding father of Craigslist, has 4 focus areas for philanthropy: navy households and vets, cybersecurity, journalism, and pigeon rescue.
On Wednesday, he pledged $100 million to assist U.S. cybersecurity, bringing his whole giving and pledges to $400 million since 2015.
Craig Newmark. Picture by John Lamparski/Getty Photos
In accordance with the Wall Avenue Journal, Newmark has already dedicated over 20% of the $100 million pledge to organizations and tasks round cybersecurity. Frequent Sense Media, for instance, obtained $2 million to assist efforts like a cybersecurity consciousness marketing campaign for fogeys and lecturers.
Newmark was value $1.3 billion in 2020 and pledged to provide away nearly all his wealth to charitable causes in December 2022. He instructed the Journal that his giving was impressed by the Judaic idea of tikkun olam, Hebrew for “repairing the world.“
Newmark’s strategy is to discover the proper individuals, give them the assets they want, “after which get outta their approach,” in response to his philanthropy’s web site. He does not give organizations who obtain grants necessities to hit sure targets.
Newmark has but to commit $88 million of his newest $100 million pledge. Purposes are open by his basis’s web site the place he personally vets the proposals.
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