October 27, 2005

Google Unveils Philanthropy Plan Valued at Nearly $1-Billion

By Ian Wilhelm

After several years of quiet meetings with nonprofit officials, scholars, and other informal philanthropic advisers, the Google company this month shed light on its charitable ambitions by announcing it will spend $175-million to support social causes during the next three years, as well as put $90-million into a foundation the company is creating.

Google also pledged to use the value of 1 percent of its annual profit and 1 percent of the company's stock -- 3 million shares, worth

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