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What Craig Newmark Can Teach Entrepreneurs About Philanthropy

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Craig Newmark founded Craigslist in 1995 and was inducted into the Internet Hall of Fame in 2012. To date, Craigslist users have posted over five billion classified ads through the platform. Newmark was born in Morristown, New Jersey, and lives in San Francisco.

A self-made billionaire, Newmark founded Craig Newmark Philanthropies in 2016. This private foundation has since made substantial donations supporting causes such as journalism, veterans, and more.

Newmark can clearly teach us a lot about starting up a business and handling success. However, maybe the most important lessons that entrepreneurs can learn from him are about philanthropy. Though his foundation is only a few years old, Newmark’s strategic donations have already significantly benefited various causes. All entrepreneurs can learn from his example.

Related: My Top 10 List: Online Entrepreneur Craig Newmark

Know what you stand for and then stand behind those values, no matter what others say. Craig Newmark Philanthropies clearly identifies its four priorities: trustworthy journalism, voter protection, women in technology, and veterans and military families.

Newmark’s donations support those values. In 2017 he teamed with various organizations, including Facebook, to fight fake news. In 2018, Newmark donated $1 million to Mother Jones magazine. He gave $1 million to STEM programs and donated $20 million to CUNY’s journalism school. Newmark also gave $15........

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