Google to give 1% of its profit to charity

Posted on January 04, 2005 - 22:38 CET by Thomas De Maesschalck

In the coming year Google will launch the Google Foundation which will receive 1 percent of Google's equity and profit to distribute.

Google's founders have announced their intention to create the Google Foundation with their April 2004 "owner's manual," and now the company is in search of an executive director to head the group.

More info at Cnet

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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Google to give 1% of its profit to charity

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