Google sets up $1bn charity fund

Pete writes “Maybe these guys aren’t the devil’s cabana boys after all. From the BBC comes this,
“Web search firm Google – whose motto is “don’t be evil” – is setting up a subsidiary dedicated to doing good.

Its new philanthropic division, named Google.org, will fund social investment projects in the developing world.

Founders Larry Page and Sergey Brin are devoting 1% of Google’s stock and profits – almost $1bn (£573m) – to the new charitable venture.”

www.google.org“

October 12, 2005 by Uncategorized 0

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

LISNews Archives