Musk launched his foundation in 2001, together with his younger brother Kimbal, who would serve as the organizations secretary and treasurer. This organization did not e-file for 2018 2019, so Instrumentl is unable to provide 990 insights. These messages are fraudulent. Grant Application Guide 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. The grant will provide an opportunity for undergraduate students and post-baccalaureate fellows to acquire multi-disciplinary training at the interface of chemistry and biology. For many parts of the world, this is the casebillions of people., So I think those things are helpful. As [the brothers] salary at the charity was relatively modest, and the charity has plenty of other resources, you might come to the conclusion that the foundations contribution wasnt responsible for any special benefit for him.. The Kitchen Restaurant Group, a family of restaurants primarily owned by Kimbal, donated hundreds of thousands of dollars to the organization, the spokesman added. He also pursued a Ph.D. in applied physics at Stanford, but left to pursue entrepreneurial interests, becoming a known quantity for Paypal, Space X, and Tesla Motors. Want updates when Musk Foundation has new information, or want to find more organizations like Musk Foundation? However, 2020 saw a significant decrease in the giving average, with the amount falling down to $2.3 million. Over the last 3 years, 53% of the Musk Foundations grant awards have gone to new grantees. Each category is broken down into subcategories. Easily see the range of award sizes given over time. 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.. Click here for more information about Teacher Mini-Grants. In fact, the foundations website consists of only 38 words, listing its funding interests. Find company research, competitor information, contact details & financial data for LYCEE GEN TECHNOL AGRICOLE LE PARACLET of COTTENCHY, HAUTS DE FRANCE. This day is a great way to commemorate the work the Community Foundation is trying to accomplish by creating a vibrant community for all. This article was updated on 23 January 2019 with comment from Big Green and to clarify language about the Musk Foundations spending priorities. A minimum goal of 100 years is desired. The Musk Foundation is a non-public grantmaking basis based in 2002 via way of means of generation entrepreneur Elon Musk and his brother, Kimbal. The Musk Foundation was founded in 2002 by famous technology entrepreneur Elon Musk. Tax rules state that private foundations must distribute 5% of their assets each year. Tax paid with application for extension of time to file (Form 8868) $7,000: $0: $0: Backup withholding erroneously withheld: $0: $0: $0: . Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Kitchen Community, now called Big Green, has raised over $47m since its inception. Criterion #2: Deduct 0.5 points from your funder score to reflect the Musk Foundations negative giving trend for the last 3 years., Total giving is important, but its just one piece of the puzzle. Artists for Peace and Justice, which facilitates deprived human beings the world over thru education, and Haitian Relief Organizationwhich helped with healing in Haiti after a tsunami struck that nationacquired investment from the Musk Foundation in 2011. Check out IPs directory of philanthropy and fundraising consultants. The Musk Foundation has disbursed more than $54m in 15 years of operations, more than a third in direct gifts to 160 charities, according to an analysis of filings with the Internal Revenue Services from its incorporation in 2001 to the middle of 2017. 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 (modern). The application of intent deadline is April 13, and the grant application deadline is April 27. 2110 Ranch Rd., 620 S.P.O. Based on most recent IRS 990 filing (2020). Its a donor-advised fund a tax-efficient giving vehicle that holds money on behalf of multiple clients and distributes it over time. MUSC Family Fund Grant Application | Giving to MUSC Foundation If you have any questions, please reach out to Jocelyn Hines at jocelyn@muskegonfoundation.org or 231-332-4118. Open AIs tax filings show its top researcher alone was paid $1.9m in 2016. But should you pursue their grants? But the bulk of his charitable giving has been through this private foundation, for which he provides the entirety of its funding. 41 awards View a complete listing of our previous grant awards, including the organization, project, amount, and grant fund. Musk's $5.7B Mystery Donation Went to Musk Foundation: Report Engaging Muskegon County residents in voting strengthens our communitys voice. The Legacy Foundation of Central Wisconsin is a private foundation that exists to improve the health and well-being of central Wisconsins communities. The organization did not initially respond to a request for comment. Charitable recipients of Musk Foundation offer to encompass worldwide useful resource nonprofits along with Doctors Without Borders, healthcare businesses along with World Spine Care, and the co-instructional Mirman School for Gifted Children. The Community FoundationforMuskegon County believes civic engagement is essential to a healthy democracy. Between 2011 and 2013, the foundation also made two $50,000 donations to the Mirman school for gifted children in Los Angeles, a school that Elon Musks sons were attending at the time. However, we know that looking at 990 data is overwhelming. Sing. In those early days, the foundation made small, uncontroversial donations to Musks alma maters in South Africa and the US, to other educational charities, space societies and childrens hospitals such as the Seattle Childrens Hospital and the Childrens Hospital of Los Angeles. (Non-profit). Keep in mind that geographic location is only one of the many variables that should be taken into consideration when determining if the Musk Foundation is a good-fit funder. Timing seems to be good now. Copyright 2023 InfluenceWatch. Part VIII, Line 1. Grants are made in support of: Renewable energy research and advocacy; Human space exploration research and advocacy; Pediatric research; Science and engineering education, the site reads. Musk Foundation - InfluenceWatch - InfluenceWatch Your submission has been received! Elon Musk's $5.7 Billion Donation Sparks Questions About Giving Glenn Gamboa and Haleluya Hadero, Associated Press February 22, 2022 Susan Walsh, AP Elon Musk does sometimes provide transparency about his donations. The Musk Foundation supports organizations which push a left-of-center agenda, particularly environmentalist organizations. Energy Resources Conservation & Development, International, Foreign Affairs & National Security, Natural Resources Conservation & Protection, Philanthropy, Voluntarism & Grantmaking Foundations. The Musk Foundation plans to donate directly to families, Tesla Cybertruck production machines already being ordered: report, Volvo follows in Stellantis footsteps and departs from ACEA. The libertarian assumes tank Cato Institute acquired $5,000 in 2007. Philanthropy, Voluntarism & Grantmaking Foundations N.E.C. Nominations will open again in the Fall of 2023. That donation helped fund the Temple of Whollyness, a large wooden art structure that went up in smoke at the climax of 2013s Burning Man festival in Nevada. Form 990s provide critical insight to know if a foundation is a good match for you or your organization. Add this where there is an evident close alignment between you and the Musk Foundation. Criterion #5: If you are a new grantee, add the Musk Foundations proportion of giving to new grantees to your funder score. Musk gave his organization 30,000 eBay shares, worth $2.1m. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Global Green has received multiple donations, including one worth $45,980 in 2007. The Musk Foundation is a corporate foundation that made 10 grants last year. Lets keep digginglooking at the foundations giving average can also provide some valuable insights.. Elon Musk's $5.7 Billion Donation Sparks Questions About Giving (Non-profit), BlueGreen Alliance Foundation One thing I know for sure is that Elon will make sure the money is well spent and does the most good. 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. Lets go! Tesla and SpaceX CEOElon Muskis the only funder of the Musk Foundation and has donated at least $257 million to the organization. Instrumentl makes it easy to connect with these insiders with its past grantees feature.. On Wednesday, the foundation added aline to its website, stating its support for the development of safe artificial intelligence to benefit humanity. Elon Musk gave away $5.7 billion in Tesla shares to his charity foundation last year, Bloomberg reported. Musk gifted $5.7B in Tesla shares in Nov.one of history's biggest The McKesson Foundation: Creating Healthier Communities | McKesson This is where Instrumentl comes in! The article clarified that none of the payments were illegal, and cited charity experts who said that many were within charitable norms. Apply to join the directory. He also tweeted that he is increasing childcare benefits at his. Community Improvement & Capacity Building N.E.C. Browse the listings for your next project. 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,. These days you can learn almost anything online. Looking at tax records, it is easy to see this represented in grants the foundation has made. The Musk Foundation funds projects that fall into two NTEE categories. All Rights Reserved. in 2017. Hopefully, details to be announced next month. The Muskegon LEAD (Leading Efforts Against Discrimination) Giving Circle is supports organizations doing excellent work in the areas of Diversity, Equity, Inclusion, and Justice (JEDI). This is why education and compassion are so important. Additionally, teenagers in their schools computer club successfully reached Musk after finding his contact information in public records. Elon Musk is a South African-born American technology entrepreneur, investor, and philanthropist best known for his role as a founder or co-founder of a number of high-profile technology firms. 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. Elon said the foundation would help families directly and this could mean a variety of things. OVERVIEW: The Musk Foundation is the personal philanthropic organization of Elon Musk. Add this when the Musk Foundation's funding for your niche is around your desired amount. Multidisciplinary Association for Psychedelic Studies. The foundation does not accept unsolicited proposals or requests for funding. The left-leaning newspaperthe Guardiancarried out a radical exam of the Foundations donations in a January 2019 profile. Elon Musk made one of the biggest donations to a charity in history with a November gift of $5.7 billion in Tesla shares. Musk also donated $50 million to the childrens charity St Jude in honor of the successful SpaceX flight in September 2021. In fact, as you can see in the above graph, 100% of grants in 2017 and in 2020 were awarded to new grantees. Foundation for the Global Compact 2023 in support of the Global Africa Business Initiative, an effort to grow the economy to benefit poor and vulnerable communities in Africa $500,000 Awarded Mar 20-2023 The Global FoodBanking Network 2023 in support of expanding a global food banking system for impoverished and malnourished populations $2,831,300 Tech Scholarship, 100% tuition-paid scholarship for the community, Scholarship with Lifetime Career Support, $2,500 Scholarship No Essay Deadline: 2023, Scholarships with no Essay Win Money for College, Win Free Scholarships Enter To Win $10,000 Today, Does SpaceX offer scholarships?, Did Elon Musk receive a scholarship? This type of structure makes it difficult for the public to tell which client is making which awards, a benefit for the publicity-shy. This information is helpful, but there is so much more that we can show you to help you determine if the Musk Foundation is a good-fit funder for your project. Lets exit the fossil fuel era. The Walton Family Foundation is a family-led foundation whose philanthropic efforts focus on solving complex social and environmental problems. 23, The left-leaning newspaper the Guardian conducted a thorough examination of the Foundations donations in a January 2019 profile. 18 19, The Musk Foundation has made small contributions to a handful of right-of-center nonprofits. 2015. There were BCIC is proud to have a program that is open and inclusive to all business owners who dream of having their product or service in the 2nd most historic downtown district in Texas. IP TAKE: It is difficult to take this foundations website seriously as anything other than a way for its founder to troll grantseekers. All acquired investment in 2011 totaling $19,200, $7,200, and $2,500, respectively. Where your heart leads, your giving can follow. Really, weve got to think beyond the United States. Play in the park (summer program), Holy Trinity COGIC Center Reading is Fun! Grantees include Fidelity Charitable. The huge influx of funds came with its own issues. The Foundation has donated to non-political causes, consisting of $480,000 in offers for water filtration in Flint, Michigan, and $424,000 to deliver computer systems to Flint middle schools. Musk signed a pledge last year promising to give away half of his fortune, and was recently named the richest . The Musk Foundation has selected XPRIZE.org to manage this fund which is the largest-ever prize for the cause donated by an individual. To learn more about the Community Empowerment Small Grants program, click here. 38 awards Perhaps creative methods of reaching out will work again. For more information and access to the action kits, visit https://healourcommunities.org/day-of-racial-healing/. 21, Some of the Musk Foundations donations have generated controversy. Musk Foundation in Los Angeles, California (CA) Disclaimer: Not affiliated or officially linked with Tesla Inc. in any way. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information. They convinced him to give a Q&A to Hack Club members and secured a donation for the organization. TheSierra Club Foundation acquired $250,000 in 2014. I do want to highlight what John said above. We collaborate with donors, grantees, advisors and individuals to identify issues that are most important to the people of Muskegon County. June 07, 2017. 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. As you can see in the bar graph above, the number of grants has actually increased over the last 3 years, from 2 in 2017 to 10 in 2020. How do you do that, you ask? For example, the average grant amount for Adult Education projects is $1 million, while the average amount for Educational Services is only $2,500. 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. Create your free Instrumentl account today to explore and vet more foundations and get matched with 100+ relevant grants! Box 341886Austin, TX United States 78734(650) 210-5300. Xprize and Musk Foundation Name 23 Winners in Five Million D Tesla CEO Elon Musk announced that his private foundation, The Musk Foundation, plans to donate directly to families. 2023 Nonprofit Metrics LLCTerms of Service and Privacy Policy. After reading through all this information, you may have decided that the Musk Foundation isnt a great fit for your project or organization. Its easy to make it sound like the moneys doing good but its hard to make actually do good.. Musk Foundation: Employer Identification Number (EIN) 770587507: Name of Organization: Musk Foundation: In Care of Name: . Funded by @elonmusk, its the largest in history. Return of Organization Exempt from Income Tax (Form 990-PF). The libertarian think tank Cato Institute received $5,000 in 2007.20In 2005, Citizens Against Government Waste received a $10,000 grant; National Taxpayers Union received $2,500 in the same year. The Musk Foundation starts releasing portions of Tesla CEO's $30M Lets also take a look at the number of grants awarded by the foundation.. We catalyze change by focusing on decades-long strategic goals: Education, Community and Economic Development, and Diversity, Equity, and Inclusion. You can discover whether you and the Musk Foundation are a good fit by looking at some key statistics in their 990 data. His brother, Kimbal Musk, is secretary and treasurer. The action you just performed triggered the security solution. Submittable is the online application portal used for grants submitted prior to April, 2022. Before I got involved with the Tesla community on Twitter, I knew nothing about stocks, investing, or crypto. If you wanted to, you could learn almost anything for a very low cost just using a simple phone or an old tabletarouter box basically.. There were This is hilarious. In 2016, Musk donated 1.2 million stocks of Tesla stock, worth $254,614,000 at the time, to the Foundation. 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. Sign up now: https://t.co/TwLkS3FR31@PeterDiamandis@AnoushehAnsari #environment pic.twitter.com/hRrRIqaM7z. Also in 2016, the Musk Foundation made its largest disbursement to date, giving $37.8m to Vanguard Charitable. Determining if your organization or project is located in a state or region that has been historically represented in the foundations giving portfolio is helpful information to have as you determine funder fit. Get the latest business insights from Dun & Bradstreet. The best Tesla, SpaceX, and Elon Musk news resource. RESOURCES: For more information about Faith Partner grants click here. This organization did not e-file for 2014 2015, so Instrumentl is unable to provide 990 insights. At the time, it was just an announcement, now further details and how to apply for the grant have emerged. Many wealthy individuals fund their childrens schools, and support their own charities and initiatives, he explained. 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. As executive director and chairman of the project, Kimbal received nearly $85,000 in payments by Big Green between 2010 and 2016. Every gift makes a difference. Something went wrong while submitting the form. The gift was revealed earlier this year, but Musk did not name the charity receiving. The following May, Musk donated 1.2m shares of Tesla Motors, valued at nearly $255m at the time. The McKesson Foundation accepts applications for funding requests above $25,000 February 1 through April 30 each year. Its important to dive deeper into the subcategories to make sure you see the bigger picture. Or its like a very low bandwidth and its insanely expensive. Use the link below to access previous applications and final grant reports. Dont forgetyou can create a free Instrumentl account to discover more NTEE subcategories and their funding amounts! BROWNSVILLE, Texas (ValleyCentral) On Wednesday, Brownsville Independent School District announced a $2.5 million donation from the Elon Musk Foundation . Recipients have included a school attended by Musks own children, a charity managed by his brother, a protest group fighting gridlock on Musks commute to SpaceX, and even an art project at Musks favorite festival, Burning Man. The brothers are the basiss sole officers; Elon Musk is president and board director and Kimbal Musk is secretary, treasurer, and board director. (Non-profit), People for the American Way (PFAW) Foundation in 2016. This will ensure you are focusing your time on high-ROI opportunities. California is the most heavily represented state, with 51 grants awarded over the last 5 years. That more than doubles Recode's . (Non-profit), Sierra Club Foundation 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 turned to one of his passions, and his connections in Silicon Valley. Please share the work youre doing with your network, using the hashtag #WatchMuskegonVote on social media. Elon Musk | Inside Philanthropy According to local news, the Musk Foundation gave $459,000 to IDEA schools in Cameron County on April 19, 2021. Musk has given personally to multiple causes and organizations, including multimillion-dollar donations to the Sierra Club and the XPrize Foundation, and a $1m grant to the Obama Foundation. [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. Oops! To win the competition, teams must demonstrate a rigorous, validated scale model of their carbon removal solution, and further must demonstrate to a team of judges the ability of their solution to economically scale to gigaton levels. 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. Who received these awards, and where are they located? The Vancouver Methodist Foundation, based in Vancouver, Washington, is a Protestant-affiliated foundation that was formed in 1970. I suspect he wants to focus on education. Tesla CEO Elon Musk announced that his private foundation, The Musk Foundation, plans to donate directly to families. Read All About It! Musk's Philanthropy Deserves Headlines Where and how is up to you. The website of Elon Musks private charitable foundation. It doesnt provide much information or provide a method of contact. Accessed May 30, 2018. www.foundationsearch.com. This illustrates that taking the average category amount at face value can mislead you as you determine funder fit. 14Other recipients of Musk Foundation grants include the National Wildlife Federation; the funding and fiscal sponsorship group New Venture Fund; Energy Foundation; Oxfam America; Oceana; the BlueGreen Alliance Foundation; the Tides Center; and Natural Resources Defense Council (NRDC).
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musk foundation grant application