Elon Musk's charitable foundation with assets of 9.5 billion USD donated 237 million USD in 2023. Most of these funds were sent to organizations controlled by the richest man on the planet (with a fortune of over $400 billion), reported Bloomberg with a link to the fund's tax return.
In accordance with it, 137 million USD was allocated to Musk's non-profit organization - The Foundation, which he created to create elementary and secondary schools focused on STEM (science, technology, engineering and mathematics - natural sciences, technology, engineering and mathematics).
25 million USD was received from the Fidelity Foundation, another philanthropic organization that is actually under the control of a multibillionaire. Other donations went to the X Prize Foundation, several Texas education-related organizations, the Air Force Relief Society and Boston University.
Over the past three years, he has given away a total of about $559 million, which requires foundations to use an average of 5% of their assets. Musk has repeatedly failed to meet that level, Bloomberg reported.