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Google Pledges $30 Million For New Philanthropic Push

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In one of the most widely watched efforts in corporate giving in years, Google Inc. unveiled yesterday nearly $30 million in new grants and investments, outlining how it will focus a massive philanthropic endeavor that erases the usual boundaries between the for-profit and nonprofit worlds.

The first set of major five- to eight-year initiatives it will pursue includes efforts to create systems to help predict and prevent disease pandemics, to empower the poor with information about public services and to create jobs by investing in small- and mid-size businesses in the developing world. They join previously announced initiatives to accelerate the commercialization of plug-in cars and make renewable energy cheaper than coal. The grants and investments announced yesterday are an early wave of Google's planned efforts in the five focus areas.

Read the whole story at Wall Street Journal