Craigslist recently made headlines by making a $1.6 million dollar donation to the University of California Berkeley. UC Berkeley will use the donation, along with another $1.5 million dollar donation by the William and Flora Hewlett Foundation, to create a new media faculty position at the university.
Jim Buckmaster, the current CEO of Craigslist, stated that he was excited to support a private institution such as UC Berkeley.
With major technology funded groups, such as the Bill & Melinda Gates Foundation, distributing their money for world wide causes, others like Buckmaster and Hewlett are using their funds to support the universities that educated the people that now make millions off of the technology world. With Craigslist being based on the small company model, it is impressive to see them donate such a sum of money to a worthy cause.
It is important to note that the donation is coming straight from Craigslist and not from the Craigslist Foundation, which is set up for donation purposes. The $1.6 million dollars apparently came straight out of the pocket of CEO Jim Buckmaster and the other employees at Craigslist.
It is nice to see the tech community giving back to the institutions that made possible for them to make their name in the industry.