{"id":86,"date":"2005-10-12T10:21:59","date_gmt":"2005-10-12T14:21:59","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/globalfund\/2005\/10\/12\/google-starts-up-philanthropy-camp"},"modified":"2005-10-12T10:21:59","modified_gmt":"2005-10-12T14:21:59","slug":"google-starts-up-philanthropy-campaign","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/globalfund\/2005\/10\/12\/google-starts-up-philanthropy-campaign\/","title":{"rendered":"Google Starts Up Philanthropy Campaign"},"content":{"rendered":"<p><a name='a125'><\/a><\/p>\n<p><span style=\"font-weight: bold;\">Some Question Structure of Giving, Which Allows Company More Flexibility<\/span><br \/>\n<span style=\"font-style: italic;\">By David A. Vise, Washington Post Staff Writer, Wednesday, October 12, 2005; Page D04<\/span><\/p>\n<p>Google Inc. is launching an unusual corporate philanthropy campaign<br \/>\nthat will focus on fighting poverty and disease in Africa, addressing<br \/>\nenergy and environmental issues, and assisting nonprofit groups by<br \/>\ngiving away free online advertising. Rather than doing all of that through a traditional corporate<br \/>\nfoundation, which has certain tax advantages, Google is setting aside<br \/>\nthe equivalent of 3 million shares of stock, worth more than $900<br \/>\nmillion, to fund an entity called Google.org. It is separately putting<br \/>\nabout $90 million into a newly created Google Foundation, officials<br \/>\nsaid.<br \/>\n&nbsp;&nbsp;&nbsp; <br \/>\nBy using Google.org for the bulk of its charitable giving, the company<br \/>\nwill have greater flexibility in how it deploys the funds since the<br \/>\naffiliate will not be subject to the restrictions imposed on<br \/>\nfoundations by the Internal Revenue Service. For example, Google.org<br \/>\nwill be able to invest in projects promoting entrepreneurship in Africa<br \/>\nthat are off limits for foundations because the programs turn a profit.<br \/>\nIt will also support charitable initiatives that spread the use of<br \/>\ntechnology and could be viewed as questionable for a foundation since<br \/>\nthey are closely related to Google&#8217;s business.<\/p>\n<p>Shareholder activists said Google&#8217;s charitable commitment raises<br \/>\nquestions about whether this is an appropriate use of company cash or<br \/>\nwhether company founders Sergey Brin and Larry Page ought to make<br \/>\ndonations to their favorite causes personally. &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some Question Structure of Giving, Which Allows Company More Flexibility By David A. Vise, Washington Post Staff Writer, Wednesday, October 12, 2005; Page D04 Google Inc. is launching an unusual corporate philanthropy campaign that will focus on fighting poverty and disease in Africa, addressing energy and environmental issues, and assisting nonprofit groups by giving away [&hellip;]<\/p>\n","protected":false},"author":359,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[782],"tags":[],"class_list":["post-86","post","type-post","status-publish","format-standard","hentry","category-multinational-corporate-responsibility"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/globalfund\/wp-json\/wp\/v2\/posts\/86","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/globalfund\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/globalfund\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/globalfund\/wp-json\/wp\/v2\/users\/359"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/globalfund\/wp-json\/wp\/v2\/comments?post=86"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/globalfund\/wp-json\/wp\/v2\/posts\/86\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/globalfund\/wp-json\/wp\/v2\/media?parent=86"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/globalfund\/wp-json\/wp\/v2\/categories?post=86"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/globalfund\/wp-json\/wp\/v2\/tags?post=86"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}