2 ms·
OK, this isn't a fair assessment, but does match appearances. Some details are important -- I'm adjacent to major donor fundraising and see this kind of thing h
by jvanderbot 4y ago
OK, this isn't a fair assessment, but does match appearances. Some details are important -- I'm adjacent to major donor fundraising and see this kind of thing happen all the time.
He donated to his foundation, which in turn re-donates and reinvests the money based on merit and priorities set by Musk to other charities. Of course, Elon being Elon, he probably has a huge hand in where it ultimately ends up, but this money is now out of his hands and into a "clearing house" where it can be bid / won by any charitable / non-profit that cares to submit.
This is extremely common with donors of huge wealth -- they pseudo-delegate the decision of what program to fund to a board of intelligent people sitting on their foundation, each member of which cultivates relationships with major programs for the wealthy person so that the money can be ultimately effectively invested without taking all the wealthy person's time.
See Bill & Melinda Gates foundation, or Warren Buffet foundation, etc.