Craig Newmark, the 71-year-old retired founding father of Craigslist, has 4 focus areas for philanthropy: army 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
Based on the Wall Avenue Journal, Newmark has already dedicated over 20% of the $100 million pledge to organizations and initiatives round cybersecurity. Frequent Sense Media, for instance, obtained $2 million to assist efforts like a cybersecurity consciousness marketing campaign for folks and lecturers.
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Newmark was price $1.3 billion in 2020 and pledged to offer away virtually all his wealth to charitable causes in December 2022. He advised the Journal that his giving was impressed by the Judaic idea of tikkun olam, Hebrew for “repairing the world.”
Newmark’s method is to seek out the proper individuals, give them the sources they want, “after which get outta their manner,” in keeping with his philanthropy’s web site. He would not give organizations who obtain grants necessities to hit sure targets.
Newmark has but to commit $88 million of his newest $100 million pledge. Functions are open via his basis’s web site the place he personally vets the proposals.
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