Elon Reeve Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003. Elon Musk has committed to The Giving Pledge, and has pledged to give away at least half of his wealth to philanthropy Hide Established in 2001 in CA - Founded by Elon Musk, who is co-founder of PayPal, SpaceX and Tesla Motors. The Musk Foundation, which was based in California, created an entity in Austin over the summer. The return showed a $2 million gift to the Future of Life Institute in the Boston area, which focuses on “keeping artificial intelligence beneficial.”. The Musk Foundation is the philanthropic arm of one of the most eccentric genius businessmen to walk the planet, Elon Musk. They received no compensation from the Foundation in 2016. The article clarified that none of the payments were illegal, and cited charity experts who said that many were within charitable norms. “Why did Elon Musk stash a quarter-billion dollars of Tesla stock in a non-profit back in 2016?” The Outline. Also see Elon Musk Tesla and SpaceX CEO Elon Muskis the sole funder of the Musk Foundation, and has donated at least $257 million to the organization. So far i have drawn over 2500 characters in this style. Grants are made in support of: - Renewable energy research and advocacy - Human space exploration research and advocacy - Pediatric research - Science and engineering education - Development of safe artificial intelligence to benefit humanity (Non-profit), Sierra Club Foundation Musk had started organizing his c… End the letter with a sign off like "Your fan" or "A concerned consumer." [10] [11], Artists for Peace and Justice, which helps disadvantaged people internationally through education, and Haitian Relief Organization—which helped with recovery in Haiti after a tsunami struck that nation—received funding from the Musk Foundation in 2011. His brother, Kimbal Musk, is secretary and treasurer. That’s where Starship -- the vehicle SpaceX hopes will ferry human beings to Mars -- is being tested, including a high-altitude test Tuesday. Ruth McCambridge, “Elon Musk’s foundation gives $37.8 million to donor-advised fund,” January 31, 2019. Drew Millard. Topline. Tesla CEO Elon Musk has moved his private Musk Foundation to Austin, further fueling rumors that he is planning a move to the Lone Star State.The California-based foundation created an entity in the Texas capital over the summer, Bloomberg reported Monday. Global Green has received multiple donations, including one worth $45,980 in 2007. On August 12, 2013, Musk unveiled the concept which he dubbed the Hyperloop. Check Out More Elon Musk Articles: Tesla CEO Elon Musk … He has five teenage sons with his ex-wife, Justine Musk, and the two share joint custody. Musk disclosed on Twitter that he had Covid-19 himself last month. [26]. Elon Musk’s cryptic tweets earlier in the year have had similar effects. Musk Foundation (2016). [23], The left-leaning newspaper the Guardian conducted a thorough examination of the Foundation’s donations in a January 2019 profile. The Sierra Club Foundation received $250,000 in 2014. All received funding in 2011 totaling $19,200, $7,200, and $2,500, respectively. View on OpenSea. Musk – who controls Tesla, SpaceX and The Boring Company – is worth an estimated $22bn, although almost all his wealth is tied up in his own companies. Susan Walsh/AP; Mike Cohen/Getty Images for The New York Times Tesla CEO Elon Musk took a swipe at Bill Gates and Microsoft Zune with an edited political cartoon. [14] Other recipients of Musk Foundation grants include the National Wildlife Federation; the funding and fiscal sponsorship group New Venture Fund; Energy Foundation; Oxfam America; Oceana; the BlueGreen Alliance Foundation; the Tides Center; and Natural Resources Defense Council (NRDC). “Flint students getting laptops thanks to Musk Foundation,.” December 21, 2018. (Non-profit), Oxfam America (Updates with quote from attorney Christopher Manes starting in seventh paragraph), For more articles like this, please visit us at bloomberg.com, Like us on Facebook to see similar stories, Chicagoans plan rally for 13-year-old boy killed by policeman, Doctors home in on cause of blood clots linked with Covid-19 vaccines. August 5, 2018. By Theodore Schleifer @teddyschleifer Jan 11, 2021, 2:20pm EST Artists for Peace and Justice received $129,708. CNBC reported last week that he’s told friends he is moving to Austin himself. In 2013, Musk unveiled plans for a version of a vactrain, assigning a dozen engineers from Tesla and SpaceX to establish the conceptual foundations and create initial designs. Drew Millard of the Outline wrote in 2018 that the timing of the donation allowed Musk to avoid taxes and to avoid ceding shares to his second wife, who file… He purchased a home in Austin in August, according to public records, and his LinkedIn profile states that he is based in Austin. Musk’s Space Exploration Technologies Corp. already has two facilities in Texas, and Tesla Inc. is building an assembly plant in Austin. Haitian Relief Organization received $61,370. [9] Other recipients of Musk Foundation grants include international aid nonprofits such as Doctors Without Borders, which was given $100,000 in 2012 alone, healthcare organizations such as World Spine Care, and the co-educational Mirman School for Gifted Children. The surviving entity is located in the state capital’s downtown area. “How Elon Musk’s secretive foundation hands out his billions,.”. (Non-profit), National Wildlife Federation Accessed May 30, 2018. The Musk Foundation… Artwork information. Return of Organization Exempt from Income Tax (Form 990-PF). “Grant Visualizer: Musk Foundation.” Foundation Search. Accessed May 30, 2018. Elon Musk is known for spending billions of dollars to build better electric cars and bigger rockets. Musk Foundation, 2005 990, Accessed February 20, 2019. HARLINGEN, Texas (KVEO) — On Friday afternoon, Point Isabel ISD announced that the Cameron County school district received the first round of funds from the Elon Musk Foundation… According to Forbes, the foundation is run by Elon Musk and his younger brother Kimbal, who serves as secretary and treasurer. (Non-profit), Energy Foundation Elon Musk has become the world's richest person, as his net worth crossed $185bn (£136bn). Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to … Instagram Twitter Discord Blog. [1] The brothers are the foundation’s sole officers; Elon Musk is president and board director and Kimbal Musk is secretary, treasurer, and board director. Musk’s long relationship with California soured this spring during the first wave of the coronavirus. Formed in 2001, it is dedicated to renewable energy and advocacy, human space exploration, pediatric research, science and engineering education, and research and development into “safe artificial intelligence to benefit humanity.” It has awarded grants to a variety of organizations, including the SETI Institute, which seeks evidence of life on other planets, and the Chabot Space & Science Center in Oakland, California. Description. Besides his own foundation, Musk has joined other rich luminaries in signing the Giving Pledge, a commitment to donate the majority of their wealth to philanthropy or charitable causes. Musk was the largest shareholder of PayPal until the company was acquired by eBay for $1.5 billion in October 2002. Microsoft and partners may be compensated if you purchase something through recommended links in this article. Musk Foundation (2015). “Elon’s Empire: The Sprawling, Intertwining Web of Elon Musk’s Vested Interests.” WIRED. The Associated Press,. Copyright 2021 InfluenceWatch. The Musk Foundation supports organizations which push a left-of-center agenda, particularly environmentalist organizations. The two merged, according to a certificate of merger filed with the Texas Secretary of State in October that Musk signed. He is also a “substantial contributor to the school,” paying the “fair market value of the school’s tuition” for his five children who attend Ad Astra ($28,000 per child for a tot…
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