NYT: google.org goes for-profit

topic posted Thu, September 14, 2006 - 12:47 AM by  Raj
Philanthropy Google’s Way: Not the Usual

By KATIE HAFNER
THE NEW YORK TIMES

SAN FRANCISCO, Sept. 13 — The ambitious founders of Google, the popular search engine company, have set up a philanthropy, giving it seed money of about $1 billion and a mandate to tackle poverty, disease and global warming.

But unlike most charities, this one will be for-profit, allowing it to fund start-up companies, form partnerships with venture capitalists and even lobby Congress. It will also pay taxes.

...

Read the rest at

www.nytimes.com/2006/09/14...google.html

or

seattlepi.nwsource.com/busine...14.html
posted by:
Raj
offline Raj
SF Bay Area

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