Google Pledges $25 Million in Grants

The firm rolled out five core initiatives that will form the focus of its philanthropic efforts over the next five to 10 years. Google's founders have pledged to donate 1 percent of the company's equity plus 1 percent of annual profits to philanthropy as well as allowing employees to participate in these initiatives on company time.

Google.org will donate more than $600,000 to Clark University, with equal funding from the Gordon and Betty Moore Foundation, for Clark Labs to develop a system to