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Thanks, but these are not technically non-profit: "Ecosia is a search engine based in Berlin, Germany. It donates 80% of its profits to nonprofit organizations
by daoudc 5y ago
Thanks, but these are not technically non-profit:
"Ecosia is a search engine based in Berlin, Germany. It donates 80% of its profits to nonprofit organizations that focus on reforestation" [1]
"80% of profits will be distributed among charities and non-profit organizations. The remaining 20% will be put aside for a rainy day." [2]
"Ekoru.org is a search engine dedicated to saving the planet. The company donates 60% of revenue generated from clicks on sponsored search results to partner organizations who work on climate change issues" [3]
[1] https://en.wikipedia.org/wiki/Ecosia https://en.wikipedia.org/wiki/Ecosia
[2] https://ask.moe/ https://ask.moe/
[3] https://www.forbes.com/sites/meimeifox/2020/01/19/how-the-search-engine-ekoru-is-cleaning-up-our-oceans/ https://www.forbes.com/sites/meimeifox/2020/01/19/how-the-se...
- toper-centage 5y agoWhile Ecosia is not technically a non-profit, no one can sell Ecosia shares at a profit. > Ecosia says that it was built on the premise that profits wouldn’t be taken out of the company. In 2018 this commitment was made legally binding when the company sold a 1% share to The Purpose Foundation, entering into a ‘steward-ownership’ relationship. > The Purpose Foundation's steward-ownership of Ecosia legally binds Ecosia in the following ways: - Shares can't be sold at a profit or owned by people outside of the company and - No profits can be taken out of the company. https://www.ethicalconsumer.org/technology/how-ethical-search-engine-ecosia https://www.ethicalconsumer.org/technology/how-ethical-searc...
- gardenfelder 5y agoSeems like a reasonable approach is to use a b-corp where shareholders cannot sue for financial gains.