Instead, the Musk Foundation gave $10m to another young charity, YC.org. Whether its a new idea or that little extra you need to make your lesson plans great, you can brighten your classroom with help from the YAC. Using Form 990s, Instrumentl shows you key information about a foundation's historical giving such as their past grantees, average grant amounts, giving frequency, location preferences, and current board members. It was no different for my own mother. Elon Musk reported that he gifted almost $6 billion worth of Tesla Inc . Together, the documents show that many of the organizations donations have gone far beyond its stated scope. (Non-profit), BlueGreen Alliance Foundation (Non-profit), Global Green USA Add this when there is little to no understanding of the alignment between you and the Musk Foundation. Teams can submit entries across natural, engineer and hybrid solutions. By mid 2015, the Musk Foundation was down to its last $60,000. In 2015, the foundation donated $10 million to the Future of Life Institute, which works on reducing global catastrophic and existential risk from powerful technologies. On January 21, 2021, Musk announced, via a tweet, that he is donating $100M towards a prize for best carbon capture technology. According to XPRIZE Foundation, which is running the competition, the Innovation Prize will run for four years, from April 22, 2021 (Earth Day) through Earth Day 2025. Add this when the average grant amount awarded by the Musk Foundation has increased for the past 3 years. Its not against the law Dale noted. Since 2003, he has given $57,600 to Republicans including President George W. Bush, Sen. Lindsey Graham (SC), Sen. Marco Rubio (FL), and Rep. Kevin McCarthy (CA-23). Form 990s provide critical insight to know if a foundation is a good match for you or your organization. Human space exploration research & advocacy, Development of safe artificial intelligence to benefit humanity. In fact, the foundations website consists of only 38 words, listing its funding interests. 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. Musk has long worried about the possibilities of superhuman, malevolent artificial intelligence, likening it to summoning the demon. There are some hints that the foundation could be returning to grassroots giving. Box 341886Austin, TX United States 78734(650) 210-5300. It allows the IRS and the public to evaluate an organization and is filed annually. But should you pursue their grants? There are many fantastic (and FREE) resources to help you formulate your plan a great place to start iswww.nonprofitvote.org. Accessed May 30, 2018. www.foundationsearch.com. Phew! Were dedicated to giving voice and resources to programs that make an impact and enhance the quality of life for people throughout Muskegon County. The huge influx of funds came with its own issues. He told me, Well, we try hard with the foundation to give away money in ways that are actually useful whether its like a maximum number of cents on the dollar of actually helping the people in need., Its way harder to give away money than you think if you care about it actually doing good as opposed to sounding like it does good. On January 17, 2023, we asked community members to join us in celebrating the National Day of Racial Healing. Tesla Owners Silicon Valley (@teslaownersSV) July 8, 2022. As you can see above, the Musk Foundations giving history has been inconsistent over the last 5 years. Jocelyn Hines, 231.332.4118, Grant Application Overview Committee grants will open January 1, 2023. Or its like a very low bandwidth and its insanely expensive. Follow us for more interesting Elon Musk stories & news:Google News|Flipboard|RSS (Feedly), Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. On Wednesday, the foundation added aline to its website, stating its support for the development of safe artificial intelligence to benefit humanity. Grants will be available from the following Committees. Criterion #4: Add a score in the range of 0-2 to your funder score to indicate whether the Musk Foundations funding for your niche is what you desire., Theres no magic number to look for in terms of new versus repeat grantees, but we have found that having a 40% to 60% ratio is a good middle ground.. Get the latest business insights from Dun & Bradstreet. The remarkably brief and austere website for the Musk Foundation targets 4 areas for grant support: renewable energy research and advocacy, human space exploration research and advocacy,. Last summer, Musk tweeted that he would help address the public health crisis in Flint, Michigan. Grants through the Musk Foundation range from $1,000 to $100 million; however, the most common amount is a modest $10,000. By now, you should have an idea of whether the Musk Foundation may be a good-fit funder for your project. Oops! Kellogg Foundation, encourages community members to reflect on and create solutions to combat inequities in our community. Add this when the Musk Foundation's funding for your niche is around your desired amount. Each category is broken down into subcategories. 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. Faith Partner grants support churches* that are collaborating with other churches or nonprofit organizations. Global Greenhas acquired a couple of donations, consisting of one worth $45,980 in 2007. Communicate your ideas and projects with us at grants@muskegonfoundation.org we want to share your great ideas! Performance & security by Cloudflare. We catalyze change by focusing on decades-long strategic goals: Education, Community and Economic Development, and Diversity, Equity, and Inclusion. While initially off to a slow start, Musk's philanthropy has undergone a sudden acceleration, giving away around $5.7 billion in 2021. Create your free Instrumentl account today to explore and vet more foundations and get matched with 100+ relevant grants! The Musk Foundation said it has donated more than $1m worth of water filtration equipment and laptops to causes in Flint, Michigan. Funded by Elon Musk and the Musk Foundation, this $100M competition is the largest incentive prize in history, an extraordinary milestone. In 2012, the year Musk signed the giving pledge, the foundation expanded its horizons and donated to the Rock and Roll Hall of Fame, the Los Angeles Police Foundation, and a not-for-profit organization for professional women in New Yorks film, television and digital media industries. The $100M XPRIZE Carbon Removal is now LIVE. [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. During our interview, he spoke of literacy as a way to help solve poverty. A few weeks ago Tesla/SpaceX CEO Elon Musk announced on Twitter that he is donating $100M for innovating the best carbon capture technology. Sign up for our email updates. Neither Elon nor Kimbal has ever accepted any compensation for their work with the foundation, nor are there any other salaried staff at the organization, filings indicate. As executive director and chairman of the project, Kimbal received nearly $85,000 in payments by Big Green between 2010 and 2016. But in 2016, the IRS was still processing OpenAIs non-profit status, making it impossible for the organization to receive charitable donations. Annual IP membership required. Education receives the highest amount of funding, with $1.1 million. Click here for more information about Teacher Mini-Grants. At the time, it was just an announcement, now further details and how to apply for the grant have emerged. If you have any questions, please reach out to Jocelyn Hines at jocelyn@muskegonfoundation.org or 231-332-4118. We accept funding requests up to $25,000 year-round. FILE - SpaceX's Starship turns after its launch from Starbase in Boca Chica, Texas, Thursday, April 20, 2023. The California-based foundation focuses its giving on a few specific areas of interest, all of which center around renewable energy, space exploration, pediatric research, and science and engineering education. Musk Foundation - EIN 770587507 Austin, TX - Instrumentl Instrumentl creates easy-to-read 990 Reports based on digitized IRS Form 990s for thousands of private foundation and nonprofits to make it easier for you to find good fit funders like Musk Foundation. Birth Defects & Genetic Diseases Research, Community Improvement & Capacity Building. This is why education and compassion are so important. All Rights Reserved. We give grants to 501(c)(3) organizations, churches, schools, agencies, and governmental units serving the greater Muskegon County area. Were making it easier for you to make a difference. 38 awards We award over $1.3 million in scholarships to hundreds of students each year. The Youth Advisory Council of Muskegon County (YAC) is a collective of 20+ youth grantmakers who represent 16 Muskegon-area high schools. These are: Renewable energy research and advocacy; Human space exploration research and advocacy; Pediatric research; Science and engineering education; Development of safe artificial intelligence to benefit humanity.. by creating a free 14-day account. In early 2021, Musk pledged $20 million to local schools in South Texas Rio Grande Valley as part of a total $30 million commitment to the area. If it was possible he would already have an idea for how to make it work. Add this since Musk Foundation has had a decreasing giving trend for the last 3 years. Drew Millard of the Outlinewrote in 2018 that the timing of the donation allowed Musk to keep away from taxes and to keep away from ceding stocks to his 2d wife, who filed for divorce withinside the spring of 2016. Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. http://www.wired.co.uk/article/elon-musk-tesla-spacex-empire, https://www.documentcloud.org/documents/5684176-2015-990.html, https://theoutline.com/post/5707/elon-musk-has-a-quarter-billion-dollars-of-tesla-shares-parked-in-a-non-profit, https://www.apnews.com/0375b52ee079460d8f1bb29799545a8d, https://www.documentcloud.org/documents/5684173-2012-990.html, https://www.documentcloud.org/documents/5684172-2011-990.html, https://www.citizenaudit.org/organization/770587507, https://www.savethechildren.org/us/search-results?googlecse=abortion#gsc.tab=0&gsc.q=abortion&gsc.page=1, https://www.documentcloud.org/documents/5684181-2005-990.html, https://nonprofitquarterly.org/2019/01/31/elon-musks-foundation-gives-37-8m-to-donor-advised-fund/, https://www.theguardian.com/technology/2019/jan/23/how-elon-musks-secretive-foundation-benefits-his-own-family, Bill, Hillary, and Chelsea Clinton Foundation 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. Based on most recent IRS 990 filing (2020). Fight climate change. This organization did not e-file for 2018 2019, so Instrumentl is unable to provide 990 insights. 15 16 17, Other explicitly left-wing organizations which have received funding are the William J. Clinton Foundation, People for the American Way Foundation, and Transgender Law Center. OVERVIEW: The Musk Foundation is the personal philanthropic organization of Elon Musk. In 2016, Musk donated 1.2 million stocks of Tesla stock, worth $254,614,000 at the time, to the Foundation. Who received these awards, and where are they located? They received no compensation from the Foundation in 2016. 2020 Family Fund Grant Application Yes, I have read and reviewed the MUSC Foundation guidelines on allowable/unallowable expenses as defined by the Foundation. Following publication of this article, a spokesman for the charity said Kimbal personally donated $130,000 to Big Green. This website is using a security service to protect itself from online attacks. Nonprofit Quarterlyeditor-in-leader Ruth McCambridge criticized the donation due to the dearth of payout and transparency guidelines associated with donor-suggested fund providers. Here you go! 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. States like Pennsylvania, Virginia, Ohio, and Washington are sparsely represented, with only 1-2 awards each. Since 2004, Musk has donated $29,800 to Republican political action committees and nearly $213,000 to the National Republican Congressional Committee (NRCC). Musk launched his foundation in 2001, together with his younger brother Kimbal, who would serve as the organizations secretary and treasurer. The Musk Foundation suddenly had to find a home for millions of dollars. 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. Its 2016 IRS filing (Form 990) indicates that its biggest donation that yr turned into $37,798,322 and went to donor-suggested fund company Vanguard Charities. The final criteria is the length of time that the removed carbon is locked up for. The foundation has also gifted $5 million to the online Khan Academy. Add this where there is an evident close alignment between you and the Musk Foundation. in 2012. Janelle Mair, 231.332.4116 Musks solar power company Solar City (now part of Tesla) participated in both installations. Musk Foundation Austin, TX, United States www.muskfoundation.org + Contact Info Contact Maps and Charts Funding Interests Grant Information Recipient Profiles Applications/RFPs Financials Who's Who - Officers and Staff News, Social Media and Publications About Purpose and Activities in 2020. Thank you! Millions of people worldwide experience poverty and here in the U.S., we are pretty fortunate that there are shelters, churches, and other organizations dedicated to helping people. When I saw Elons tweet about how the Musk Foundation will help families directly, this literally made my heart sing. Some of the Musk Foundations grants have benefited AI research, his brothers charity, his childrens school and his fight against LA traffic. Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. The organization did not initially respond to a request for comment. Avoid scams. California is the most heavily represented state, with 51 grants awarded over the last 5 years.