Between a bird (To say the least) 2018 and a beginning of the year 2019 including layoff even more of his Tesla workforce and one of his spaceships to be reversed by the wind, Elon Musk looks like another year in the throes of controversy. The latest of Musk's projects reviewed is now its charitable foundation, which has been the subject of a Long form copy of The Guardian this week.
The article says that the Musk charitable foundation went to enrich causes close to or directly related to Musk and his immediate family. According to the article, the charity has donated more money to artificial intelligence related causes than any of the traditional charitable organizations that have. She supports. MuskFoundation.org, the charity's website, states that grants are being awarded to support:
Renewable Energy Research and Advocacy
Research and Advocacy for Human Space Exploration
Science and Engineering Education
Development of a safe artificial intelligence for the benefit of humankind
We all know that Musk likes to be the center of attention when it comes to charitable causes, whether it's s & # 39; embarrass trying to push his services without provocation in the rescue of the Thai cave or claiming that he will solve the water crisis in Michigan.
But some of the $ 54 million that Musk has donated from his charity over the last 15 years has been allocated to "near-home" locations, including a school attended by his children, a non-profit managed association by his brother Kimbal and, Better yet, a group is fighting a dead end on the specific highway that Musk uses to get to SpaceX.
Musk founded his foundation in 2001 with his brother Kimbal, secretary and treasurer. Musk initially offered the foundation 30,000 eBay shares worth $ 2.1 million. At the time, the fund donated to organizations such as Musk's Alma mater in South Africa, space companies and children's hospitals. In the seven years leading up to 2014, Musk contributed just over $ 3.1 million in cash to the foundation. It was at this time that its beneficiaries began to introduce more organizations related to Musk's family and his interests.
For example, the foundation has funded systems that have helped communities affected by the Deepwater Horizon disaster and the Fukushima earthquake. Some of this money was channeled to SolarCity, which participated in both systems installations. In 2010, the foundation also spent $ 183,000 to help launch a charity run by Kimbal Musk, now called Big Green. This charity received about $ 500,000 over four years and Kimbal reportedly received nearly $ 85,000 in payments from Big Green between 2010 and 2016.
Between 2011 and 2013, the Musk Foundation also made two $ 50,000 donations to a gifted high school in Los Angeles attended by his children.
The foundation also donated three times $ 25,000 to a group called Angelenos Against Gridlock, who was lobbying for improvements to Interstate 405 – the road that Musk himself used regularly to travel from his home in Bel Air to SpaceX. Angelenos Against Gridlock is now gone.
In 2012, Musk also donated $ 10,000 to the Multidisciplinary Association of Psychedelic Studies, a non-profit association that develops medical therapies based on marijuana and the psychedelic substance MDMA. This donation helped finance a large wooden structure that caught fire at the end of the 2013 Burning Man Festival in Nevada.
Musk donated 1.2 million shares Tesla to its foundation in mid-2015, worth $ 255 million. In 2015, Musk also pledged a billion dollars to help create a research company called OpenAI, supposed to help develop artificial intelligence in a safe way, that "would benefit humanity as a whole. ".
While in 2016, the IRS was still dealing with OpenAI's non-profit status, preventing it from receiving donations, the Musk Foundation instead donated $ 10 million to YC. org, which turned out to be a charity devoid of website or social network was headed by Sam Altman, an administrator of OpenAI.
The Musk Foundation grant accounted for the majority of YC.org's revenue and almost all of its funds, when it then transferred $ 10 million to OpenAI later that year. The best researcher at OpenAI received $ 1.9 million in 2016. This number is more than what the Musk Foundation has distributed to all charities in its first eight years of operation.
In 2016, the foundation donated $ 37.2 million to Vanguard Charitable, a donor-advised fund that offers tax breaks and distributes donations over time under managed funds. It is a structure that prevents the public from knowing which client attributes which reward and to whom.
Recall, in 2016, we published an article highlighting the relationship between Musc entities and some of their common personalities.