news from Google
jcdill.lists at gmail.com
Tue Dec 22 12:03:03 CST 2009
Hank Nussbacher wrote:
> Google makes about $1.5B profit per quarter. $20M of charity? I
> don't like MS any more than most, but Gates Foundation has received
> $20B from Bill and Warren over the past 3 years. My hat goes off to
> those guys!
Yes, the Gates Foundation gives a lot of money to worthy causes, which
is truly admirable.
However, to put things into perspective let's take a look at the history
of these two companies.
Microsoft was founded 34 years ago (in 1975) and IPOd 23 years ago (in
1986). Bill Gates didn't start his foundation until 12 years after the IPO.
Google was founded (incorporated) 11 years ago in 1998, IPOd 5 years ago
in 2005. Google Foundation was created as part of the IPO: "a
commitment to contribute significant resources, including 1% of Google's
equity and profits in some form, as well as employee time, to address
some of the world's most urgent problems. That commitment became a range
of giving initiatives including Google.org."
How much did Microsoft give to charity in 1991, 5 years after their
IPO? Would you bet against a proposition that by 2028 the Google
Foundation does just as much (or more) than the Gates foundation is
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