Musk’s Charitable Foundation Sent Most of Its Millions to His Own Entities: Bloomberg

Elon Musk's "Charity" Is Hoarding Money Instead of Giving It to the Needy

Mr. Miser The holidays may be approaching, but it appears that SpaceX and Tesla CEO Elon Musk is remaining a total scrooge. The New York Times reports that the centibillionaire's charity, the Musk Foundation, failed to give away the minimum amount of money it was supposed to last year by a stupendous margin of $421 million. This continues Musk's pattern of shadily managing his ostensibly philanthropic efforts, such as when he made it seem like h…

Musk’s Charitable Foundation Sent Most of Its Millions to His Own Entities

Elon Musk’s charitable foundation ballooned to $9.5 billion in assets last year while handing out $237 million in gifts, most of which went to other entities controlled by the world’s richest person.

Musk’s Foundation Gave Away Less Money Than Required

“For the third year in a row, Elon Musk’s charitable foundation did not give away enough of its money,” the New York Times reports. “And it did not miss the mark by a small amount.” “New tax filings show that the Musk Foundation fell $421 million short of the amount it was required to give away in 2023. Now, Mr. Musk has until the end of the year to distribute that money, or he will be required to pay a sizable penalty to the Internal Revenue Se…