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In 2004, when Google founders Larry Page and Sergey Brin wrote to prospective shareholders about their vision for the company, they outlined a commitment to contribute significant resources, including 1% of Google's equity and profits in some form, as well as employee time, to address some of the world's most urgent problems. That commitment became Google.org.
Google.org is a hybrid philanthropy that uses a range of approaches to help advance solutions within their five initiatives. They operate in a traditional manner by supporting our partners’ work with targeted grants. But they can also invest in for-profit endeavors, such as efforts by companies to develop breakthrough renewable energy technologies. Their structure also allows them to lobby for policies that support their philanthropic goals. Additionally, they can tap Google’s innovative technology and, most importantly, its inspired workforce. They’ve already begun to donate and invest Google.org’s funds, and they expect to continue to do so in the future.
Google also established the Google Foundation in 2005, which is a separate 501 (c ) ( 3) private foundation. The Google Foundation is managed by Google.org and supports their mission and core initiatives as one of their sources of funds for grant making. As of January 2008, Google.org and the Google Foundation have committed more than $75 million in grants and investments. Angel  |
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Last edited by apocalypticdreaming; February 13th, 2008 at 09:26 PM..
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