FLiP News Digest

The news digest this week only has one story: google.org.

If Google’s innovative, “for-profit charity” works well, we will see this type of philanthropy more and more as our careers go on. With the constraints of 501(c)3 status gone, google.org will be able to lobby government agencies, fund start-up companies, and even partner with venture capitalists.

As Google continues to soar, we expect that Google.org will soar too, but if the day comes that Google gets cash-strapped, will the stockholders demand the money be spent on helping Google recover? Charities counting on google.org’s support may find themselves at the whim of the economy.

The long and short of it is, all FLiP’s should watch this story as it develops because it could impact the future of all of our careers.

Click Here for the New York Times Article

Comments

[Albert Ruesga]

I think you should watch Google's philanthropy because it will be large and be led by an interesting iconoclast.

It is not, however, a new model for doing philanthropy. Google.org is simply the umbrella term for all the charitable work that Google, Inc. does. You can read more about this at: http://postcards.typepad.com/white_telephone/2006/09/much_adoogle_ab.html