Silicon Valley, Jan. 18 (PTI): Google’s philanthropic arm today announced over $25 million in grants for wide-ranging environmental, energy and poverty-combating efforts, including $2 million (Rs 7.86 crore) to the Indian NGO Pratham for an education project.
The company also granted $765,000 (Rs 3 crore) to the Bangalore-based Centre for Budget and Policy Studies, $660,000 (Rs 2.59 crore) to the Centre for Policy Research, $1,015,000 (Rs 3.98 crore) to the Institute for Finance Management & Research and $880,000 (Rs 3.45 crore) to the PRS Legislative Research.
The funds are part of $175 million the company’s board had pledged in 2005 to spend over three years.
When Google went public in 2004, executives pledged to donate 1 per cent of its equity and 1 per cent of profits to philanthropy.