Google founders unveil plans for charitable foundation
2 March 2004
Google founders Larry Page and Sergey Brin have announced that they are planning to establish a charitable Google Foundation.
The two entrepreneurs are aiming to extend the principles behind Google the company, 'you can make money without doing evil', to Google the charity.
Mr Brin and Mr Page recently joined Forbes magazine's list of global billionaires. The pair are likely to become still richer if the rumoured Google IPO takes place this year.
'We want to make the world a better place and so we're embarking on the
Google Foundation and we're in the process of setting it up,' Mr Page announced at a technology conference in California.
The 31-year-old businessman explained that the proposed Google Foundation would mark a natural extension of the grant programme the search company already provides, which allows non-profit organisations to benefit from free advertising on Google.
William R Hewlett, the co-founder of Hewlett-Packard, donated millions to Stanford University and Microsoft's Bill Gates set up the Bill and Melinda Gates Foundation to support work in education and world health matters.
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