Non-profit

Musk Foundation

Website:

www.muskfoundation.org

Location:

PALO ALTO, CA

Tax ID:

77-0587507

Tax-Exempt Status:

501(c)(3)-PF

Budget (2015):

Revenue: $600,158
Expenses: $582,908
Assets: $57,371

Type:

Private Foundation

Formation:

ca. 2002

Primary Funder and President:

Elon Musk

The Musk Foundation is a private 501(c)(3) non-operating foundation founded in 2002 by technology entrepreneur Elon Musk and his brother, Kimbal.[1] The brothers are the foundation’s sole officers; Elon Musk is president and board director and Kimbal Musk is secretary, treasurer, and board director.[2]

Funding

Also see Elon Musk

Elon Musk is the sole funder of the Musk Foundation, and has donated at least $257 million to the organization. [3]

Grant Areas

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.”[4] 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.[5]

The Musk Foundation has also contributed to at least one right-of-center nonprofit, the libertarian-aligned Cato Institute.[6]

Left-Wing Grant Recipients

The Musk Foundation also funds politically active organizations which push a left-of-center agenda, particularly environmentalist organizations. Recipients of Musk Foundation grants include the National Wildlife Federation; Sierra Club Foundation; the grantmaking New Venture Fund; Global Green USA; Energy Foundation; the Clinton Foundation; People for the American Way Foundation; Oxfam America; Oceana; the BlueGreen Alliance Foundation; the Tides Center; and Natural Resources Defense Council (NRDC). [7] [8]

References

  1. WIRED. “Elon’s Empire: The Sprawling, Intertwining Web of Elon Musk’s Vested Interests.” WIRED. June 07, 2017. Accessed May 30, 2018. http://www.wired.co.uk/article/elon-musk-tesla-spacex-empire.
  2. Musk Foundation, Return of Organization Exempt from Income Tax, 2015, Part VIII line 1;
  3. Musk Foundation, Return of Organization Exempt from Income Tax, 2016, Schedule B Part 1 line 1; 2015, Schedule B Part 1 line 1; 2014, Schedule B Part 1 line 1; 2013, Schedule B Part 1 line 1; 2012, Schedule B Part 1 line 1
  4. Musk Foundation. Accessed May 30, 2018. http://www.muskfoundation.org/.
  5. “Grant Visualizer: Musk Foundation.” Foundation Search. Accessed May 30, 2018. www.foundationsearch.com.
  6. “Grant Visualizer: Musk Foundation.” Foundation Search. Accessed May 30, 2018. www.foundationsearch.com.
  7. Musk Foundation: Grants. Citizen Audit. Accessed May 30, 2018. https://www.citizenaudit.org/organization/770587507.
  8. “Grant Visualizer: Musk Foundation.” Foundation Search. Accessed May 30, 2018. www.foundationsearch.com.

Directors, Employees & Supporters

  1. Elon Musk
    President and Primary Funder
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Nonprofit Information

  • Accounting Period: June - May
  • Tax Exemption Received: March 1, 2002

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2015 Jun Form PF $600,158 $582,908 $57,371 $0 $0 $0 $0 $0 PDF
    2014 Jun Form PF $1,300,152 $1,310,348 $40,121 $0 $0 $0 $0 $0 PDF
    2013 Jun Form PF $650,244 $804,152 $50,317 $1 $0 $0 $0 $0 PDF
    2012 Jun Form PF $618,657 $851,564 $204,225 $1 $0 $0 $0 $0 PDF
    2011 Jun Form PF $314,085 $876,448 $437,132 $0 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Musk Foundation

    PO BOX 10195 DEPT 863
    PALO ALTO, CA 94303-0995