The Philanthropic Arm of Google
GoatJuggler writes "I accidentally visited google.org recently and ended up at a different Google site that appears to be a placeholder for Google's future foray into the world of philanthropy. A quote from Sergey Brin & Larry Page is there now, 'We hope that someday this institution will eclipse Google itself in overall world impact by ambitiously applying innovation and significant resources to the largest of the world's problems.' Not much to see there now, but it's certainly refreshing to see a successful company leveraging their success to do good. Googling part of that quote led me to a blog that references the uniqueness of Google's SEC filing. The Google Foundation is referenced, and Google's job page now mentions that they are looking to fill the position of Executive Director for the Google Foundation. So, expect Good Things(TM) (like saving 3-legged kittens) from Google soon."
(see subject)
If google is making enough money to give it away to boost their reputation, then I wonder how much tax they are paying. How much money in tax breaks to Google could have gone to building schools, money for hospitals, or even to pay down the deficit?
This is my last post.
[6th Estate]
maybe one day they'll give as much and do as much as microsoft/bill gates has.
i dont really think the starving people in africa bill gates has fed really give two hoots about where the money comes from.
sometimes, being capitalist swine can be a good thing.
Though much maligned in our community, Bill and Melinda Gates and Steve Case have also set up charitable foundations.
Of course, it's up to the reader to determine whether their goals are truly philanthropic or whether they serve to extend the agendas of Bill and Steve. More to the point, is any philanthropic organisation ever agenda-free?
Phoenix, Boston, Little Rock, see a pattern?
Everyone on /. loves to discuss whether or not google's rather benevolent attitudes about technology, innovation and being a business is genuine or not.
Many like to say that google is somehow the golden child of corporations. That they are above all others, magically concerned with not only their own profits.
Others like to say its all bullshit; a happy face they stick on to look more appealing to the masses. After all, any corporation is as evil as any other, and their primary concern for their stockholders is obviously profit.
But who's right? I'd say that, as usual, the truth lies somewhere in between. I think the founders of Google and its staff truly, genuinely wish to keep themselves untainted. People always get a bad taste in their mouth when they hear about businesses like Enron. And I for one would certain prefer to employ the business of a company who has this positive attitude, its refreshing. By virtue of this admirable reputation, they generate more business. Seems win-win.
Google is now a publicly traded company. So by law they must put their stockholders interest above all. If their phylantropic action just spends money without any return on investment (tax, public image, publicity) they are liable to be sued by stock holders. The "Do no evil" mantra is now meaningless.
Read thr book or see the documentary:
http://www.thecorporation.com
How and when did Slashdot become a press release spot for Google? Is this a technology story? The poster nor editor make any mention of other companies efforts in this area. Can we do something with 'Goole-giving' right now? Have they innovated the process? Do you think they'll have a 'Google-stock-picker' next, after all we're all need a little help?
This is _so_ old news.
The blog and of course the SEC Form S-1 were written in April, 2004. As far as I can tell nothing has changed since then except for a very brief coming soon website.
Nothing to see here. Move on! Move on!
...but this story gives me yet another reason not to. I mean come on, a Google story once in awhile is valuable, as is a Firefox story once in awhile, or a Perl story every now and then.
/. front page.
.org version of my company's domain, and erect a similar site claiming that I want to do great things, would it be worthy of an entry on Slashdot's front page? Of course not.
But for the past month, it seems that every day brings a new Google story or three to Slashdot. Then we start getting "news" stories like this which aren't news at all, but instead describe features of Google which have existed for at least a year. I suppose that I could submit a story about Google indexing belly-button lint, referencing a two paragraph article that I posted somewhere, and it would wind up on the
This story is a non-story, like many of the Google stories lately. Google.org has a bit of text promising to be philanthropic, in some undetermined manner, at some undetermined point in the future. How in $DEITY's name is this a news story? If I were to buy the
Does OSDN get a kickback from Google for every Google article posted here? I really want to know, because it's getting ridiculous, and if Slashdot doesn't provide a way to opt-out of the multitude of unnecessary Google articles, there's no way that I'm going to start paying for this.
Thanks to the War on Drugs, it's easier to buy meth than it is to buy cold medicine!
What's wrong with the regular /etc/hosts file?
/etc/hosts?
Have they unleashed another new, non-standard boondoogle into the new systems that crufts up plain
Sergey Brin & Larry Page say they will do Philantropy.
Conclusion: They, and Google, are the greatest on earth.
Bill Gates is one of the largest philantropes on the planet.
Conclusion: He, and Microsoft, is the spawn of satan.
Don't misunderstand my sarcasm above. I think that what Sergey Brin & Larry Page are doing is great. But lets keep things in perspective. And lets not keep a dual standard here.
I love Google, and I dislike Microsoft, but I know that to some extent I'm being irrational.
The Internet is full. Go Away!!!
The widow gave a small mite (a tiny piece of copper) which was worth more than all that was given by the wealthy and powerful.
If Bill Gates wants to do some supreme act of charity then he and microsoft can open source windows and do us all a favor.
Charity from thieves is not really charity, is it?
He gives other people's money as his money is acquired through monopolistic chicanery and really seems illigitamite to me.
But, hey the powerful live with in their own delusions so why not Bill Gates?
The government (well the AU government anyway) doesn't want to apply tax to money you've earned that you give to charities.
In AU (and possibly other places), a "tax write off" doesn't really directly reduce your tax at all. What it does is reduces your taxable income, IOW, the income that tax is calculated against. For example, if, before tax, you've earned $30 000, and you donate $2000 to a charity, your taxable income then becomes $28 000. The government is being charitable itself, in saying that they don't want a tax slice of the $2000 you've donated.
Another way to look at it is that your taxable salary is your "profit" for working - you're allowed to make tax deductions on things necessary to generate that salary "profit". For example, being in IT, I can claim Internet access, IT Books etc. All these tax deductions are not reducing my tax, they are reducing the portion of my salary that I'll pay tax on.
So, if you want to pay no tax, give away all of your salary to a Charity until your taxable salary is below the taxable salary threshold eg. in AU, $6000 p.a.
I'm fairly sure that companies have the same general options - if they donate part of their profit to charity, they don't pay tax on their donations. Of course, they could give away all of their profit to a charity, pay no tax, but also not pay the shareholders any increase in their investment (dividend, increased stock price via stock buy back).
I'm not accountant so I could be somewhat wrong about the above. I am fairly sure about the concept of tax deductions not "directly reducing" your tax though - I used to think that way, as I think a lot of other people do. It's all about reducing your taxable income.
The Internet's nature is peer to peer - 20050301_cs_profs.pdf
The fact is, Google has scads of money just lying about the place. They can invest it, but sometimes the "return on investment" is better if that same money is invested in good works, such as scientific research, food programs, and the like. It depends on your definition of "return," I guess.
Regardless of what you think about their ethics or business practices, Brin+Page, Gates, Case, and the like have chosen to invest their capital in ventures that will (ideally) generate more than a capital return in the short-term. By doing so through a foundation, they're demonstrating both good business sense and laudable philanthropy. They shouldn't be condemned for either.
This debt is your debt
this debt is my debt
from preemptive warfare
to the housing projects
from the wealthy tax breaks
to the corp'rate favors
this debt was made by you and me!
Put some serious effort to get some people who dont have the "Ivy League" background into Google working at the same level as those from those currently there. After they can get get a good deal of people not from exclusionist backgrounds, then they might consider funding a scholarship that no longer makes it "social connection or perceived merit" to get into the Ivy League type of university. After all, if they're "not doing evil", maybe they might want people that dont run things like Stanford, MIT or CIT (see gmail, Orkut, Ivy League and west coast equivalents).