Google.org is the charitable arm of Internet search engine company Google.
The organization has committed $75 million in investments and grants as of January 2008. To fund the organization, Google granted them 3 million shares during their initial public offering. As of December 8, 2008, at a price of $310, Google.org's 3 million shares have an approximate value of about $1 billion. Google has also pledged to contribute one percent of their annual profits to their charitable organizations.[1]
Among its first projects is to develop a mass produced plug-in hybrid electric vehicle that can attain 100 mpg (miles per gallon) (see vehicle-to-grid).[2]
In November 2007, Google.org announced RE<C (Renewable Energy Cheaper Than Coal), a project that will invest upwards of several hundred million dollars in order to produce renewable energy at a profit from wind and solar sources, particularly solar thermal energy. RE<C, as the name suggests, has the ultimate goal of creating more than a gigawatt of power (enough to power a city the size of San Francisco) from renewable sources that would be cheaper than energy produced from coal.[3]
The director as of 2007 was Dr. Larry Brilliant.[4]. Brilliant stepped down in 2009 and was replaced by Megan Smith, Google's Vice-President of new business development.[5]
Contents |
Google.org's five major initiatives, announced in January 2008, are:[6]
In 2008, Google.org joined a number of renewable energy initiatives, including:
Google.org also manages the Google Foundation.[10] The foundation was founded earlier, with Google's help and with similar stated goals, and is a non-profit organization under section 501(c)(3) of the U.S. Internal Revenue Code.
Its board consists of Google founders Sergey Brin and Larry Page. The two officer positions, besides Brilliant's as executive director, are both held by Gregory Miller, Google.org's Senior Advisor & Chief of Investments.
Google contributes services of some of its own employees to the foundation's work, and also funded the foundation with $90 million late in 2005.
|
|