Google Tells its Philanthropic Plans

Endowed foundation supports antipoverty programs, eduaction, grants, and more.

"Do no evil" is the company's informal motto, but Google is also intent on doing good. It has announced the Google.org Web site will become an information center for its philanthropic activities, including the Google Foundation, and shed more light on the activities first hinted at in its 2004 annual report.

The company has endowed the Google Foundation with $90 million and has made the first few commitments to distribute the money, according to a posting in Google's company blog signed by Sheryl Sandberg, vice president of global online sales and operations.


Favorite Causes
The Foundation's commitments include a contribution of $5 million to a nonprofit venture fund, Acumen, that aims to alleviate global poverty through a market approach. An unspecified sum is designated to fund development of small businesses in Ghana, a project Google is working on jointly with TechnoServe.

Another activity covered by the Google.org umbrella is Google Grants, the company's free advertising program for nonprofit organizations. Through this project, Google has donated advertising worth $33 million to organizations including the Make-a-Wish Foundation, Doctors Without Borders, and the Grameen Foundation USA, Sandberg writes.

The company has also donated $2 million to the One Laptop Per Child program, which recently got a boost from the Massachusetts Institute of Technology, which designed a $100 notebook computer.


Promised Profits
Google has promised to donate 1 percent of its profit and equity to philanthropic causes. The company has committed 3 million shares, 1 percent of its initial public offering, which it will donate and invest over a period of up to 20 years, Sandberg writes.

The company will also donate 1 percent of each year's profits, she said.

In addition to the $90 million cash donation to the Google Foundation, the company has committed to giving up to $175 million over the next three years through its other Google.org efforts. Sandberg does not expect Google to make further donations to the Foundation in the foreseeable future.



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