E-bay founder Pierre Omidyar and his wife Pam will give more than $10 million over the next five years to their alma mater Tufts University for projects including Tufts’ new College of Citizenship and Public Service, the Boston Globe reports.
“Pam and I hope this new program will educate future business leaders, artists and computer scientists alike to the personal impact they can have on and off the job in addressing society’s most pressing issues,” Pierre Omidyar said in a prepared statement.
In addition to supporting the College of Citizenship and Public Service, the Omidyar’s donation will finance the addition of active citizenship courses and field experiences throughout Tufts’ undergraduate curriculum.
The donation will also fund 24 undergraduate scholarships every year and provide seed money for student internships and public service projects.
The Omidyars are part of a growing group of high-tech millionairs who are increasingly making large donations to schools and charities, the Globe reports.
In February, Patrick J. McGovern, Jr., founder of the International Data Group in Boston, ledged $350 million to M.I.T. over the next two decades.
Last year, the Bill and Melinda Gates Foundation promised $1 billion to help minority students attend college.
University fundraisers are discovering that these new moneymakers are quicker to make decisions and make larger first-time donations than traditional big donors, the Globe says.