Google.org worth $2 Billion
Google’s rising stock price is seriously beefing up the holdings of Google.org. During Google’s IPO, one percent (3 million shares) were set aside for the organization’s charitable arm. That’s worth over $2 billion based on Google stock price today. They also donated $90 million in cash to kick things off.
On top of that, they’re giving one percent of each year’s profit to the foundation. Google’s gross profit for the last 4 quarters was $6.3 billion. That’s another $63 million to .org. With GOOG’s impressive growth in profitability, this number will balloon further over time.
So how much have they donated so far? Not much, according to this page. Looks like around $15 million or so thus far.
G.org is unique as far as charitable organizations go, it’s classified as for-profit. That means it can be taxed, but also means they can lobby in ways that non-profits cannot. It also allows them to invest in beneficial commercial ventures.