NET WORTH: Unknown
SOURCE OF WEALTH: eBay, LiveOps
FUNDING AREAS: Education and Youth
OVERVIEW: Maynard Webb and his wife Irene direct philanthropy through the Webb Family Foundation, which provides underprivileged, motivated young individuals access to quality education and supports individuals working to make a positive impact on the world through innovation and hard work.
BACKGROUND: Maynard Webb holds a bachelor’s degree from Florida Atlantic University. He was COO of eBay and CEO of LiveOps. He is a board member at salesforce.com and Visa and is chairman at Yahoo!. He founded Webb Investment Network, a family investment firm that nurtures entrepreneurs.
EDUCATION & YOUTH: Maynard Webb and his wife Irene established the Webb Family Foundation in 2004. The couple notes that neither of them grew up privileged, but through education both went on to success at IBM and beyond. The foundation provides underprivileged, motivated young individuals access to quality education and supports individuals who are struggling against the odds to make a positive impact on the world through innovation and hard work.
Grantees include Lighthouse Community Charter School, College Track, KIPP Bay Area Schools, Summer Search, and Juma Ventures, “a national youth development program that helps break the cycle of poverty by ensuring that young people complete a four-year college degree.”
OTHER: Through the years, the foundation has supported a variety of causes and organizations, including disaster relief, cancer research, and the family’s schools. Grantees have included American Civil Liberties Union, National Resources Defense Council, and ELEVATE Orlando, a “civic nonprofit dedicated to equipping and empowering underserved youth to graduate with a plan for the future.”
LOOKING FORWARD: Expect the family’s giving to remain focused on education and youth for the time being, though some past interests may reemerge. Away from the Bay Area, Webb’s ties to Florida should be considered.