Sir Tim Berners-Lee, the inventor of the World Wide Web, has just announced the World Wide Web Foundation, in an effort to "advance One Web that is free and open, to expand the Web's capability and robustness, and to extend the Web's benefits to all people on the planet." The foundation will conduct (maybe fund) research, develop new technology, and generally do whatever it can to make the Web more useful for everyone--share, communicate, all that jazz.
The foundation is set to receive an initial $5 million grant over five years after its launch in early 2009, and there will likely be more from various sources. However, that rests on the assumption that the foundation will take off--we wouldn't want it to meet the same fate as Berners-Lee s pet project, the Semantic Web (that is to say, in a perpetual stasis).