Its 2016 IRS filing (Form 990) shows that its largest donation that year was $37,798,322 and went to donor-advised fund provider Vanguard Charities. A lot of it comes down to spending habits of the parents as well. 2015. With an estimated net worth of aroundUS$265 billion as of May 2023, Musk is the wealthiest person in the world according to both the Bloomberg Billionaires Index and the Forbes real-time billionaires list. [16] In 2018, a spokesperson for Musk announced that Musk had donated $6 million to the environmental group the Sierra Club, and wanted the donation to be made public by the environmentalist organization. This is why education and compassion are so important. They received no compensation from the Foundation in 2016. When I saw Elons tweet about how the Musk Foundation will help families directly, this literally made my heart sing. See even more similar funders Multidisciplinary Association for Psychedelic Studies. Grants are available in the two month prior to primary and general elections. Since total giving decreased, but the number of grants increased, we can infer that the foundation is awarding less money per grant award. After having added up all the scores throughout the article, you can use our scoring breakdown to conclude if the Musk Foundation is a good fit for your organization. Was Elon Musk a scholar? If it was possible he would already have an idea for how to make it work. Artists for Peace and Justice, which facilitates deprived human beings the world over thru education, and Haitian Relief Organizationwhich helped with healing in Haiti after a tsunami struck that nationacquired investment from the Musk Foundation in 2011. Even the foundation giving money to Big Green, which in turn paid Kimbal, may not be problematic. You'll receive our eNewsletter delivered right to your inbox! Add this where there is an evident close alignment between you and the Musk Foundation. Musks first big gift to the foundation came the following year, shortly after eBay bought PayPal, the payments company that Musk had an interest in. I think Elon will probably find a way to help families in need in many ways. After reading through all this information, you may have decided that the Musk Foundation isnt a great fit for your project or organization. Elon Musk is a South African-born American technology entrepreneur, investor, and philanthropist best known for his role as a founder or co-founder of a number of high-profile technology firms. At the time, it was just an announcement, now further details and how to apply for the grant have emerged. 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. Sign up now: https://t.co/TwLkS3FR31@PeterDiamandis@AnoushehAnsari #environment pic.twitter.com/hRrRIqaM7z. Elon Musk made one of the biggest donations to a charity in history with a November gift of $5.7 billion in Tesla shares. Who received these awards, and where are they located? However, a mailing address and phone number for the foundation are provided below. For more information about Faith Partner grants click here. Also in 2010, the foundation spent $183,000 to help launch Kitchen Community, a Colorado-based charity headed by Kimbal that used learning gardens in underserved areas to help children grow and prepare fresh food. A funders 990 data can reveal so many useful insights about giving trends, but those insights can be hard to identify because of the 990 forms unreadability. But in 2016, the IRS was still processing OpenAIs non-profit status, making it impossible for the organization to receive charitable donations. Between 2011 and 2013, the foundation also made two $50,000 donations to the Mirman school for gifted children in Los Angeles, a school that Elon Musks sons were attending at the time. Single mothers are often shamed for having children and then being homeless. FILE - SpaceX's Starship turns after its launch from Starbase in Boca Chica, Texas, Thursday, April 20, 2023. First, lets take a peek at the funders giving trends over the last few years. If you are a repeat grantee, add the Musk Foundations proportion of giving to repeat grantees to your funder score.. Tesla CEO Elon Musk announced that his private foundation, The Musk Foundation, plans to donate directly to families. The solutions presented by the participating teams will also have to be scalable and cost-effective in order to win the grant, says XPRIZE. We are working on providing unlimited resources that will answer and guide our readers on related topics but not limited to: The gift was revealed earlier this year, but Musk did not name the charity receiving. Add this when you are a new grantee for the Musk Foundation. Awards will be paid directly to the church and a final grant report will be required. 14Other 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). Musk has also supported Republican candidates for Congress and the Presidency. Musk Foundation. The grant will provide an opportunity for undergraduate students and post-baccalaureate fellows to acquire multi-disciplinary training at the interface of chemistry and biology. He also tweeted that he is increasing childcare benefits at his companies and hopes that other companies follow suit. Find out funders interests by seeing their top giving categories. Tesla Owners Silicon Valley (@teslaownersSV) July 8, 2022. 2110 Ranch Rd., 620 S.P.O. The Kitchen Restaurant Group, a family of restaurants primarily owned by Kimbal, donated hundreds of thousands of dollars to the organization, the spokesman added. Starting in 2020, e-filings are required. PROFILE: Established in 2002, the Musk Foundation was created by Elon Musk, CEO of the electric vehicle automotive company Tesla Motors and the space rocket maker SpaceX. Tesla and SpaceX CEOElon Muskis the only funder of the Musk Foundation and has donated at least $257 million to the organization. It has consistently given to the Crossroads School for Arts and Sciences, Ad Astra School, and The Windward School, all in California.
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