The Hawai'i Community Foundation announced a six-year, $50 million commitment from Pierre Omidyar, the founder of eBay, and his wife Pam. The investment will be used to launch several community initiatives over the six-year period and will support the Omidyars' ongoing philanthropic interests through the Omidyar 'Ohana Fund at the Hawai'i Community Foundation.

Pierre Omidyar said, "Pam and I are privileged to call Hawaii home. Given the economic crisis and hardships throughout the state, we felt it was especially important at this time to expand our philanthropy in the islands. We are delighted to have the support and counsel of the Hawaii Community Foundation to help us identify where we can have the most impact. We are humbled and inspired by the many people and organizations dedicated to transforming lives in our community. We look forward to being part of the collective effort to improve the quality of life for people throughout Hawaii."

According to the Associated Press, the Omidyars and their three children moved to Hawaii in 2006. Pierre attended the same school as President Barack Obama, and Pam Omidyar grew up in Hawaii Kai.

A comprehensive announcement regarding the Community Stabilization Initiative is expected before the end of the year, and details around the Omidyar Innovation Fund and other initiatives will be posted as they become available on the Hawai'i Community Foundation website.