Another reason to love Google
Google has created Google.org, a philanthropic foundation endowed with 1% of Google’s equity (outstanding stock) and 1% of their annual profits. I think it’s awesome that such a young, successful company is taking the time to make worthwhile investments in improving the quality of life in developing nations. I hope that they can bring the same level of innovation to their charitable efforts that they have been able to accomplish with search.
My favorite quote from the article comes from a Founder’s Letter from Larry Page and Sergey Brin:
“We hope someday this institution may eclipse Google itself in terms of overall world impact by ambitiously applying innovation and significant resources to the world’s problems.”
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Preston, Far too often in the corporate world it seems companies boast all they are doing to help developing countries and organizations but when you really look at what they are doing it is very minimal. I agree that what Google is doing is very admirable. It’ll be interesting to see how investors react once it really gets up and running.
Comment by David Kasteler — October 12, 2005 @ 10:23 am
[…] I just wanted to follow up on my posting about Google.org. One thing that I want to stress is that I like their approach to philanthropy much more than most companies. […]
Pingback by The Preston Blog » A follow up on Google’s philanthropy — October 16, 2005 @ 9:39 pm