19 January 2008

$25 Million Begins Google's Charity

(Washington Post)
Google laid out its plan for philanthropy and announced $25 million in grants aimed at addressing climate change as well as poverty and health issues in developing countries. The initial grants begin to fulfill a pledge made four years ago by Google's founders to devote about 1 percent of the company's equity and annual profit to humanitarian causes. Google.org, the philanthropic arm formed in 2006, expects to give away as much as $175 million over the next few years