> Elon Musk’s charitable foundation grew larger than ever in 2024. But, for the fourth year in a row, the huge charity failed to give away the minimum amount required by law — and the donations it did make went largely to charities closely tied to Mr. Musk himself.
> The Musk Foundation gave away that remainder in 2024, largely by shifting money to the other nonprofits in his orbit. But it still fell $393 million short of the minimum required giving for 2024 itself. This pattern can repeat indefinitely: Mr. Musk’s foundation now has until the end of 2025 to give away the donations it failed to give in 2024.
And the usual Musk honesty:
> In the same interview, Mr. Musk said, “I have a large foundation, but I don’t put my name on it.” Mr. Musk’s charitable foundation has been called the Musk Foundation since he founded it with his younger brother, Kimbal, in 2001.
> Elon Musk’s charitable foundation grew larger than ever in 2024. But, for the fourth year in a row, the huge charity failed to give away the minimum amount required by law — and the donations it did make went largely to charities closely tied to Mr. Musk himself.
> The Musk Foundation gave away that remainder in 2024, largely by shifting money to the other nonprofits in his orbit. But it still fell $393 million short of the minimum required giving for 2024 itself. This pattern can repeat indefinitely: Mr. Musk’s foundation now has until the end of 2025 to give away the donations it failed to give in 2024.
And the usual Musk honesty:
> In the same interview, Mr. Musk said, “I have a large foundation, but I don’t put my name on it.” Mr. Musk’s charitable foundation has been called the Musk Foundation since he founded it with his younger brother, Kimbal, in 2001.
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