Monday, October 17, 2005 - Shareholders query - Shareholders query "Shareholders query
Unusual setup of philanthropy raises questions
Washington Post

Google 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 free online advertising.

Rather than doing all of that through a traditional corporate foundation, which has certain tax advantages, Google is setting aside the equivalent of 3 million shares of stock, worth more than $900 million, to fund an entity called It is separately putting about $90 million into a newly created Google Foundation, officials said."

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