Google Car
Google formed a for-profit charity.
The ambitious founders of Google, the popular search engine company, have set up a philanthropy, giving it seed money of about $1 billion and a mandate to tackle poverty, disease and global warming.
But unlike most charities, this one will be for-profit, allowing it to fund start-up companies, form partnerships with venture capitalists and even lobby Congress. It will also pay taxes.
Philanthropy Googles Way: Not the Usual – New York Times.
That is pretty interesting. But, they also dicsussed in the NYT that they were planning on researching creating a car that gets 100 mpg.
The philanthropy is consulting with hybrid-engine scientists and auto makers, and has arranged for the purchase of a small fleet of cars with plans to convert the engines so that their gas mileage exceeds 100 miles per gallon. The goal of the project is to reduce dependence on oil while alleviating the effects of global warming.
Philanthropy Googles Way: Not the Usual – New York Times.
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