According to The Tufts Daily, the Board of Trustees of the Omidyar-Tufts Microfinance Fund has taken initial steps to outline an investment plan for the $100 million gift donated to Tufts University from eBay founder Pierre Omidyar and his wife Pam, who also co-founded the Omidyar Network. The endowment, originally made in November 2005, is intended exclusively for microfinance initiatives. The Board plans to diversify the fund through both direct and indirect microfinance investments in multiple countries, utilizing a variety of currencies and investment-fund managers.
Continue reading “Update on Omidyar-Tufts Microfinance Fund: Ensuring Sound Microfinance Investment”
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