4 ms·
tbh it's even more of a non-story than that, because his "own charity" is a donor advised foundation that openly dispenses money to a wide range of completely i
by notahacker 4y ago
tbh it's even more of a non-story than that, because his "own charity" is a donor advised foundation that openly dispenses money to a wide range of completely independent charities and charitable causes he and his brother pick (many of them quite well known and well regarded), not some secretive organization with some obscure purpose that might just be an arm of one of his corporations or a place to hide wealth from the IRS and invest it in private jets. That's pretty common way for rich people to give money
- el_nahual 4y agoThere's a sibling comment to this by @Someone1234 that explicitly contradicts this: > The Musk Foundation in particular has donated less than 1% of the "charities" assets (most donations less than $500K, most years less than $1M)
- culi 4y ago> completely independent charities and charitable causes he and his brother pick The money can go to any 501c3 they pick. So if there's a 501c3 that's pushing for regulation that will benefit Tesla or SpaceX or some "raising awareness" campaign that's a glorified marketing campaign or some org that influences research, etc... those are all easy pickings
- notahacker 4y agoSure, but it can't go on megayachts or personal world domination initiatives, and Elon (or anyone else) could make tax deductible donations to those registered charities without a foundation in place. Since the foundation publishes accounts, it's actually relatively transparent what he has and the eclectic selection of causes Elon donated to has been fairly widely reported on. It looks considerably more like a man chucking money at a lot of pretty standard causes than say, the obscure nonprofit "to promote interior design" that is the tax-free beneficial owner of Ikea...