Orgs with Common People
Leadership and staff of First Look Media Inc. also have positions in these orgs
Pierre Omidyar, and his gifts of stock in eBay and PayPal. Omidyar’s funding of First Look Media, totaling almost $90 million between 2013 and 2017, has helped cover the cost of salaries at The Intercept that dwarf those at other center-left, nonprofit outlets. While it’s unclear how much of Omidyar’s funding is benchmarked for The Intercept, its largesse may force the non-profit side of the company to abandon its IRS charitable status and reclassify itself as a private foundation. This, in turn, would mean stricter oversight, more charitable donations from the company, and more taxes on Omidyar’s remaining pledge to First Look of some $160 million.