Google.org, the philanthropic arm of Google, annouced few noteworthy measures yesterday.
According to Google, in its continuing effort to use the power of information and technology to help people better their lives, Google.org today rolled out five core initiatives that will be the focus of its philanthropic efforts over the next five to ten years. Google.org, the philanthropic arm of Google (NASDAQ: GOOG), will collaborate with experienced partners working in each of these fields, investing its resources and tapping the strengths of Google’s employees and global operations to advance its core initiatives.
Today’s announcement includes more than $25 million in new grants and investments to initial partners globally across many geographies. The resources come from a commitment by Google’s founders to devote approximately 1 percent of the company’s equity plus 1 percent of annual profits to philanthropy, as well as employee time.
Google.org’s focus areas include-
o Predict and Prevent
o Inform and Empower to Improve Public Services
o Fuel the Growth of Small and Medium-Sized Enterprises (SMEs)
o Develop Renewable Energy Cheaper Than Coal (RE