eBay 1998 Annual Report Download - page 56

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56
eBay Foundation. In June 1998, the Company established a fund known as the eBay Foundation, which is
administered by the Community Foundation Silicon Valley, and donated 321,750 shares of Common Stock to the
Community Foundation Silicon Valley on behalf of the eBay Foundation. The Community Foundation Silicon
Valley sold 32,175 shares of eBay Common Stock in conjunction with eBay’ s initial public offering.