Google Makes US$500,000 Donation to Tzu Chi Foundation
Thu, 04 Feb 2010 Tzu Chi Foundation
The U.S. Internet giant Google Inc has made a donation of US$500,000 to Buddhist Compassion Relief Tzu Chi Foundation, the foundation announced on Wednesday. The check was written by Google Inc. Charitable Giving Fund of Tides Foundation.
This is the first donation to the foundation by Google, which donates one per cent of its equity and profits to charitable causes.
Google donated a total of US$20 million to 25 charitable institutions, of which Tzu Chi was one. The foundation’s U.S. headquarters received the money on Tuesday and expressed its deep gratitude. It has remitted the funds to the foundation’s headquarters in Hualien, Taiwan.
In 2004, Google formed a non-profit subsidiary, Google.org, with a start-up fund of US$1 billion, to create awareness of climate change, global public health and global poverty. That year, the company’s founders Larry Page and Sergey Brin outlined to shareholders a commitment to contribute significant resources, including one per cent of the company’s equity and profits in some form, as well as employee time, to address some of the world’s most urgent problems.
Thu, 04 Feb 2010 Tzu Chi Foundation
The U.S. Internet giant Google Inc has made a donation of US$500,000 to Buddhist Compassion Relief Tzu Chi Foundation, the foundation announced on Wednesday. The check was written by Google Inc. Charitable Giving Fund of Tides Foundation.
This is the first donation to the foundation by Google, which donates one per cent of its equity and profits to charitable causes.
Google donated a total of US$20 million to 25 charitable institutions, of which Tzu Chi was one. The foundation’s U.S. headquarters received the money on Tuesday and expressed its deep gratitude. It has remitted the funds to the foundation’s headquarters in Hualien, Taiwan.
In 2004, Google formed a non-profit subsidiary, Google.org, with a start-up fund of US$1 billion, to create awareness of climate change, global public health and global poverty. That year, the company’s founders Larry Page and Sergey Brin outlined to shareholders a commitment to contribute significant resources, including one per cent of the company’s equity and profits in some form, as well as employee time, to address some of the world’s most urgent problems.
