eBay was one of the most giving companies in California's Silicon Valley in 2010, the San Jose Business Journal reports.
Having donated $2.9 million to Bay Area nonprofits in 2010, eBay was among the top 10 of companies that did so that year. This moved the company up from its No. 33 position in 2009.
The publication recognized eBay's contributions, as well as that of 49 other companies, at this year's Corporate Philanthropy Awards. Cisco, Applied Materials and Intel were among the other companies recognized for their donations in 2010, which ranged from $29,000 to $10.9 million, according to reports.
Around the world, eBay donated $5 million to nonprofit organizations in 2010, the company says.
"Our founder created eBay because he felt that business could be a force for good," notes Lauren Moore, executive director of eBay Foundation. "Our philanthropy at eBay, we also believe, demonstrates that social innovation can be good for business."
eBay's latest charitable work comes in the form of hosting Family Giving Tree cards on its site, which visitors can select to donate Christmas presents to the children of low-income families. So far, eBay users have bought presents for nearly 700 children. eBay hopes to give gifts to about 7,600 more children.
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Auctiva staff writers constantly monitor trends and best practices of those selling on eBay and elsewhere online. They attend relevant training seminars and trade shows and regularly discuss the market with PowerSellers and other market experts.