Keep reading to learn even more factors that you should consider! Some of the Musk Foundations grants have benefited AI research, his brothers charity, his childrens school and his fight against LA traffic. MUSK FOUNDATION AUSTIN, TX 78734-0032 | Tax-exempt since March 2002. . Filings show the organization is run by Sam Altman, a director of OpenAI and the president of Y Combinator, a Silicon Valley accelerator that has helped to launch hundreds of technology startups, including Airbnb, Cruise Automation and Dropbox. Others, however, landed closer to home. Due to this delay, 990 information available on Instrumentl may not represent the most recent 990s filed by the organization. The list of its recipients grew longer and began to feature more organizations with links to Musks own family and interests. Every gift makes a difference. Elon Musk, CEO of Tesla, officially opened the Hawthorne tunnel on 18 December. Who received these awards, and where are they located? The Musk Foundation was founded in 2002 by famous technology entrepreneur Elon Musk. I think Elon will probably find a way to help families in need in many ways. ProPublica; All grants will be reviewed after the deadline. It is a preview of Musks larger vision to ease LA traffic. LYCEE GEN TECHNOL AGRICOLE LE PARACLET Company Profile | COTTENCHY UNFCU Foundation Opens 2024 Grant Window for Organizations Championing Grants will be available from the following Committees. The Musk Foundation is a corporate foundation that made 10 grants last year. I dont know but Elon Musk said on Twitter that hopefully, details would be released next month. Oops! Make sure to round your cumulative score to the nearest 10th. 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. Elons charitable giving has kickstarted AI safety research, transforming it into what is now a vibrant and respectable research area, said Max Tegmark, a professor at the Massachusetts Institute of Technology, who personally received $9m from Musk for research at the Future of Life Institute. It has consistently given to the Crossroads School for Arts and Sciences, Ad Astra School, and The Windward School, all in California. In 2012, Musk joined billionaires like Michael Bloomberg and Warren Buffett in signing The Giving Pledge, a commitment by some of the worlds richest individuals to give away the majority of their wealth, either during their lifetimes or upon their deaths. Although I am clearly not an expert on these topics, I do know we often inherit our spending habits from our parents as well as the people around us. On Wednesday, the foundation added aline to its website, stating its support for the development of safe artificial intelligence to benefit humanity. The Musk Foundation is a private grantmaking foundation founded in 2002 by technology entrepreneur E Elon Musk Foundation Add this when there is a distant alignment between you and the Musk Foundation - e.g. FILE - SpaceX's Starship turns after its launch from Starbase in Boca Chica, Texas, Thursday, April 20, 2023. Who received these awards, and where are they located? One of the Community Foundations strategic goals is to enhance community trust and promote prosperity for all. I grew up in poverty and Ive been pretty fortunate. Grant Application Guide If the answer is yes, we have an action item for you to add to your to-do list before you tackle writing a grant proposal. Haitian Relief Organization acquired $61,370. As with many other of his achievements, Musk has publicly touted his charitable activities, whether during the Flint water crisis or amid international efforts to rescue a young soccer team trapped in a Thai cave. 10 11, Artists for Peace and Justice, which helps disadvantaged people internationally through education, and Haitian Relief Organizationwhich helped with recovery in Haiti after a tsunami struck that nationreceived funding from the Musk Foundation in 2011. It also donated to the UNICEF Giga Connect initiative to help bring the internet to schools in low-income and developing countries, and to Hack Club, a nonprofit that supports student-led coding clubs. The Foundation has donated to non-political causes, consisting of $480,000 in offers for water filtration in Flint, Michigan, and $424,000 to deliver computer systems to Flint middle schools. 3 Charitable recipients of Musk Foundation grants include international aid nonprofits such as Doctors Without Borders, healthcare organizations such as World Spine Care, and the co-educational Mirman School for Gifted Children.4, Tesla and SpaceX CEO Elon Musk is the sole funder of the Musk Foundation, and has donated at least $257 million to the organization. Human space exploration research & advocacy, Development of safe artificial intelligence to benefit humanity. Final Grant Report Evaluation Sheet They convinced him to give a Q&A to Hack Club members and secured a donation for the organization. Musk has long worried about the possibilities of superhuman, malevolent artificial intelligence, likening it to summoning the demon. The Sierra Club Foundation received $250,000 in 2014. Here are a few examples of recent grantees making a difference in our community: To view an infographic exploring the impact of CESGs from 2022, click here. 24 Their investigation found that the Foundation frequently donated to charities in which Musks family and/or his companies have financial and other interests. Musk Foundation - Nonprofit Explorer - ProPublica Elon Musk reported that he gifted almost $6 billion worth of Tesla Inc . Find company research, competitor information, contact details & financial data for I.N.E.L. Sam Altman, president of Y Combinator, a Silicon Valley accelerator that has helped to launch hundreds of technology start-ups, attends a conference in Dresden, Germany, in 2016. Want to get inside funders' heads? Its website is minimal and does not provide a clear way to contact either Elon Musk or Jared Birchall, treasurer of the foundation and the only other known staff member other than Musk himself. Nominations will open again in the Fall of 2023. In 2015, he had pledged $1bn to a set up a research company called OpenAI that would develop safer AI in a way that is most likely to benefit humanity as a whole. As [the brothers] salary at the charity was relatively modest, and the charity has plenty of other resources, you might come to the conclusion that the foundations contribution wasnt responsible for any special benefit for him.. Global Greenhas acquired a couple of donations, consisting of one worth $45,980 in 2007. In fact, as you can see in the above graph, 100% of grants in 2017 and in 2020 were awarded to new grantees. Additionally, teenagers in their schools computer club successfully reached Musk after finding his contact information in public records. Elon Musk's foundation gives $5M to Beth Israel Lahey Health, Ragon Revenue: $600,158 Families that are struggling need all the help they can get especially if they were abandoned by their own support systems. By using Instrumentls NTEE Codes breakdown, you can review how the Musk Foundation allocates its funds. This indicates that the foundations giving will likely continue to decrease in the coming years, which isnt a great sign for grantseekers! Accessed May 30, 2018. http://www.wired.co.uk/article/elon-musk-tesla-spacex-empire. You can see by the downward trend that their giving has reduced by 50% since 2017, dropping from nearly $48 million to $23 million. It makes grants to support renewable energy research and advocacy, human space exploration research and advocacy, pediatric research, science and engineering education, and development of safe artificial intelligence to benefit humanity. We are working on providing unlimited resources that will answer and guide our readers on related topics but not limited to: Education receives the highest amount of funding, with $1.1 million. BCIC Receives Private Funding for BIG Grant Program Having been homeless as early as 9, this statistic hit home. They received no compensation from the Foundation in 2016. According to local news, the Musk Foundation gave $459,000 to IDEA schools in Cameron County on April 19, 2021. Your submission has been received! SOURCE OF WEALTH: PayPal, SpaceX, Tesla Motors FUNDING AREAS: Energy, Environment, Pediatric Health, Education OVERVIEW: Elon Musk formed The Musk Foundation in 2002 and prioritizes renewable energy, science and engineering education, and pediatric health. Sing. Musk later started his own not-for-profit school, Ad Astra, located within SpaceX headquarters in Hawthorne, California, which his children now attend. Fight climate change. 7, According to its website, the Musk Foundation makes grants in support of four areas: renewable energy research and advocacy; human space exploration research and advocacy; pediatric research; and science and engineering education. 8, The Foundation has donated to non-political causes, including $480,000 in grants for water filtration in Flint, Michigan and $424,000 to supply laptop computers to Flint middle-schools.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. Documents obtained by the Guardian reveal how the foundation has put that vague mission statement into practice. in 2013. In other words, if an aircraft is able to carry 1 ton, it will take 10,000 aircraft carriers to lift a gigaton. Its a donor-advised fund a tax-efficient giving vehicle that holds money on behalf of multiple clients and distributes it over time. 21, Some of the Musk Foundations donations have generated controversy. 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Add this when your state isn't historically represented - shaded in white - among past grantees. This year, he promised to donate $30 million to Brownsville, Texas, the city nearest to a massive rocket hub run by his company SpaceX,. At the time, it was just an announcement, now further details and how to apply for the grant have emerged. No late applications will be accepted. Tax rules state that private foundations must distribute 5% of their assets each year. ^ Musk Foundation. Accessed May 30, 2018. http://www.muskfoundation.org/. The group was lobbying for improvements to the notoriously congested Interstate 405 highway that Musk uses regularly to commute from his Bel-Air home to SpaceX. Community Empowerment Small Grants (CESGs) are tools provided by the Community Foundation to build a vibrant community with great opportunities for all. Since 2004, Musk has donated $29,800 to Republican political action committees and nearly $213,000 to the National Republican Congressional Committee (NRCC). June 07, 2017. According to its website, the Musk Foundation makes offers in help of 5 areas, a number of which intersect with Musks enterprise ventures: renewable strength studies and advocacy, human area exploration studies and advocacy, pediatric studies, technological know-how and engineering education, and improvement of secure synthetic intelligence to gain humanity. This is hilarious. If youd like to get matched to similar funders to Musk Foundation, create a free Instrumentl account. Each year, we award grants that benefit education, the arts, health and human services, the environment, community development and emerging community needs. Annual IP membership required. Global Green has received multiple donations, including one worth $45,980 in 2007. These messages are fraudulent. TheSierra Club Foundation acquired $250,000 in 2014. Advancing justice starts with supporting the individuals . Over just the first four months of 2021, Musk has committed almost $150 million directly to charities, according to Recode reporting and public announcements. That more than doubles Recode's . Grants can be up to $500 for specific projects or programs including: program enhancement that meets curriculum guidelines, expanding an already existing unit, student awards, special events, professional development, artists in residence and parent involvement programs. Who received these awards, and where are they located? (Non-profit), Natural Resources Defense Council (NRDC) Applying for a Grant - Community Foundation for Muskegon County I do want to highlight what John said above. Sal Khan, the founder of Khan Academy, recently gave a big shout-out to Elon Musk and the Musk Foundation for a generous donation of $5 million. However, a mailing address and phone number for the foundation are provided below. Ive worked hard to break that cycle, however, financial literacy and good spending habits should be commonly taught. Expenses: $582,908 While secrecy was not Musks motivation for using donor-advised funds, he does believe that true philanthropy is done for the most part anonymously, a spokesperson for the foundation told the Guardian. Open AIs tax filings show its top researcher alone was paid $1.9m in 2016. Provide a grant to an individual for travel, study, or other similar purposes? MIT, for example, has all of their lectures online and a number of other universities do. Your IP: I.N.E.L. - Dun & Bradstreet Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information. Keep in mindyou wont find this information anywhere but on Instrumentls funding per NTEE code report!, The Musk Foundation funds projects that fall into two NTEE categories.