February 2nd, 2006
More on the Google Foundation
I recieved an email from Steve Langdon, a Google spokesman, that aims to help clear up what was said in the press release, and was later brought to the attention of my readers in the post "Google Foundation no more?". I thought I would share his response so that any misunderstandings can be cleared up.
The Founder’s Letter included in filings for our IPO noted a committment to the Google Foundation. In the first annual report that followed, we explained that we are going to expand our philanthropic efforts beyond a foundation and use the one percent equity and profit committment to fund not just the foundation but additional work we put under the umbrella name of Google.org. We have since described in more detail what we plan to do with Google.org and announced as part of that our $90 million committment to the Google Foundation. http://googleblog.blogspot.com/2005/10/about-googleorg.html We expect the $90 million contribution to the Google Foundation to fund the foundation’s work for many years and don’t have current plans to contribute more to the foundation. However, we will continue to make philanthopic committments that are not from the Google Foundation, as described in the blog post. Hope this helps clear up any confusion.
What is being said is donations to the foundation will cease because the money they have contributed thus far will be more than enough to fund their work for many years. But there will still be philanthropic contributions made that don’t quite fall under the "Google Foundation" category. Their "one percent" will still go to work done under the umbrella name "Google.org", inculding many other great programs — like One Laptop Per Child.
Garett Rogers is employed as a programmer for iQmetrix, which specializes in retail management software for the wireless industry.
See his full profile and disclosure of his industry affiliations.
Subscribe to Googling Google via Email alerts or RSS.
