Google.org is a for-profit organization that is taking philanthropy by doing the non-traditional approach. They seek for social returns rather than economic returns. Blah blah blah....but they manage Google Foundation which is a separate private 501c(3) foundation.

For more info, go on google and seach "google.org for-profit"

Ohhhhhhhhhhkay, did they just bust some loophole kind of thing here? What makes this legal? How does it work? I want to start a business just like this.

I'm trying to figure out a way to get my side going. My ideas were:

1) be a non-profit organization and in the future apply for 501c3 status.
2) be a non-profit and not worry about 501c3 status
3) be a for-profit and not deal with that whole strict non-profit whatever and just donate all the money

Basically, I'm a bartender in Las Vegas, NV and I want to do what google is doing. I want to offer my services but I want to give away all the money. I don't want to see a dime. I'm just there to build my resume and show the world that I do care about the community.

I also have another question. Can I have the word "foundation" in my for-profit business name? For example: Liquored Up Foundation or Event Enhancing Foundation.