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The Foundation Center

PHILANTHROPY NEWS DIGEST
   Vol. 6, Issue 44
   October 24, 2000

RealNetworks Creates Charitable Foundation

Rob Glaser, the founder and chief executive of pioneering streaming media company RealNetworks, has announced the creation of a corporate foundation with an initial endowment of $2 million, the Associated Press reports.

"This was always something we wanted to do," Glaser said in an interview with AP. "From day one, and I recommend this to any entrepreneur starting out, we wanted to set something aside and do good things with it."

The RealNetworks Foundation will fund support of free speech and freedom of communications throughout the world; will assist poor people in gaining access to technology; and will work to improve the quality of life in communities where its employees live. The Seattle-based company will continue to fund the foundation by donating 5 percent of its profits each quarter.

According to Glaser, the foundation's focus on free speech was suggested by the use of streaming media to circumvent media censorship under Yugoslav president Slobodan Milosevic. When Milosevic shut down Free B92, the only independent radio station in Belgrade, the station turned to the Internet and used streaming media to make its programs available to local and international audiences.

"That was amazing to see," said Glaser. "It was a great example of how the work we're doing could really make an impact."

Martinez, Michael J. "RealNetworks Donates Profits." Associated Press Business 10/18/2000.

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