If you visit the website for the Musk Foundation, you won’t find a lot of information about the charitable work that they do. Reports from The Guardian paint a different picture. The website reports that the organization has disbursed over $54 million in 15 years of operations.
More than a third of the funds raised have involved direct gifts to 160- charities. Most awards are for a few thousand dollars and support space advocacy, medical, educational, and environmental organizations.
The foundation has also given more money to research in artificial intelligence than to any other of the more traditional charities it supports.
Musk Also Gives Personal Donations to Multiple Causes
Elon Musk has helped to establish the credibility of multiple causes in the field of research and development. He’s donated millions of dollars to the X-Prize Foundation, the Sierra Club, and the Obama Foundation.
The bulk of his charitable giving goes through his private foundation, and several awards provide resources to local organizations.
Past recipients have included the school where Musk’s children attend, a charity that his brother manages, and art projects at one of his favorite festivals.
Musk has joined with other billionaires in signing The Giving Pledge. This commitment from the world’s wealthiest people promises to give away the majority of their wealth during their lifetime or through their estate.
Elon Musk is currently worth an estimated $78 billion, with most of the wealth tied up in his companies.