An anonymous reader quotes a report from The Verge: Google co-founder Larry Page is funneling money from his charitable foundation to a private flu-fighting initiative run as a for-profit company, TechCrunch reported. The program offers free flu shots to children in Oakland, California-area schools. Page also has a second company funding efforts to create a universal flu vaccine, according to the report. The free flu shots are offered through a group called Shoo The Flu, which started funding flu shots for both elementary and kindergarten through eighth grade schools in 2014. Shoo the Flu reimburses the Alameda County Public Health Department and school districts for the cost of the program.
The second company, Flu Lab, provides funding for the Bill & Melinda Gates Foundation’s Grand Challenge for Universal Influenza Vaccine Development. Page and his family were initially contributing funding to the challenge directly, but they were replaced by Flu Lab. Flu Lab also supports the nonprofit Sabin Vaccine Institute, which works to expand vaccine access. The funding established the Sabin-Aspen Vaccine Science & Policy Group, which met in 2018 to discuss efforts to develop a universal flu vaccine. Shoo the Flu’s director is also the CEO of Flu Lab, and TechCrunch reported that Shoo the Flu will soon move under the umbrella of Flu Lab. The report notes that both Shoo the Flu and Flu Lab are private, for-profit companies and therefore not required to file public tax returns.
“However, the funding for Shoo the Flu comes from Page’s charitable foundation, the Carl Victor Page Memorial Foundation, which does have to file public returns,” reports The Verge. “That makes the money flowing into the company public; Page’s foundation gave Shoo the Flu over $4.1 million between 2015 and 2017, TechCrunch reported. What the organization did with that money is not as readily available.”
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Source:: Slashdot