News and analysis
March 21, 2014

Google CEO Larry Page Gave $177-Million to Charity Last Month

Larry Page, CEO of Google, gave stock in his company valued at nearly $177.3-million to charity in February, according to Securities and Exchange Commission documents filed this month.

The gifts show Mr. Page is much more charitable than he let on in a TED conference conversation with interviewer Charlie Rose this week. During the interview, Mr. Page said he would prefer to give his money to entrepreneurs and businesses with new and creative ideas than to nonprofit organizations.

Although documentation for the recent gifts does not list any beneficiaries, and his spokesman has not responded to The Chronicle’s request for information, Mr. Page has previously donated to the Carl Victor Page Memorial Foundation, which he founded in 2006 and named after his father, a professor of computer science and artificial intelligence at Michigan State University.

In 2012, Mr. Page gave the foundation 200,000 shares of Google stock valued at more than $123.8-million. The foundation, in Palo Alto, Calif., had assets of more than $539.6-million in 2012, the most recent year for which such information is available.

Mr. Page is not the only generous Google giver. The company’s co-founder, Sergey Brin, and his wife, Anne Wojcicki, gave $219-million to charity in 2013, landing the couple in the No. 9 spot on The Chronicle’s annual Philanthropy 50 list.

Send an email to Maria Di Mento.