CyBerCorp Chairman Philip Berber has pledged $100 million from a family trust to help the people of poverty-stricken Ethiopia, Reuters reported Nov. 17.
Berber sold CyBerCorp to Charles Schwab Corp. for $488 million in March.
He and his wife then decided they wanted to help in Ethiopia, he said.
Berber said his role as chairman of CyBerCorp would play a secondary role to his charitable work through his “A Glimmer of Hope” project, which will focus on increasing access to education and community building in the African country.
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