Musks first big gift to the foundation came the following year, shortly after eBay bought PayPal, the payments company that Musk had an interest in. (Non-profit), Energy Foundation in 2017. On January 17, 2023, we asked community members to join us in celebrating the National Day of Racial Healing. Grant Application Guide Phew! 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 But should you pursue their grants? Our Youth Advisory Council (YAC) invites school district employees to apply for mini-grants to help them out in the classroom. Musk later started his own not-for-profit school, Ad Astra, located within SpaceX headquarters in Hawthorne, California, which his children now attend. The foundation has given to the Mercatus Center, a libertarian think tank at George Mason and the Wikimedia Foundation, the nonprofit behind Wikipedia. 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. The objective of this XPRIZE is to inspire and help scale efficient solutions to collectively achieve the 10 gigatons per year carbon removal target by 2050, to help fight climate change and restore the Earths carbon balance. By supporting projects that reflect the needs and diversity of our region, we work to create positive change throughout our shared community. Let us show you! While the Musk Foundation website lists five distinct priority funding areas, realistically all of those areas boil down to the same thing: support for science research. Sam Altman, president of Y Combinator, a Silicon Valley accelerator that has helped to launch hundreds of technology start-ups, attends a conference in Dresden, Germany, in 2016. Public Safety, Disaster Preparedness & Relief, Research Institutes & Public Policy Analysis, Voluntary Health Associations & Medical Disciplines, Water Resources, Wetlands Conservation & Management. Im planning to increase childcare benefits at my companies significantly. 2, According to its website, the Musk Foundation makes grants in support of five areas, some of which intersect with Musks business ventures: renewable energy research and advocacy, human space exploration research and advocacy, pediatric research, science and engineering education, and development of safe artificial intelligence to benefit humanity. 26. Drill down into giving patterns per category. Birth Defects & Genetic Diseases Research, Community Improvement & Capacity Building. Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Musk launched his foundation in 2001, together with his younger brother Kimbal, who would serve as the organizations secretary and treasurer. His brother, Kimbal Musk, is secretary and treasurer. You can email the site owner to let them know you were blocked. OVERVIEW: The Musk Foundation is the personal philanthropic organization of Elon Musk. Find out funders interests by seeing their top giving categories. 65 talking about this. The Musk Foundation is a private grantmaking foundation founded in 2002 by technology entrepreneur E Elon Musk Foundation Criterion #3: Add 1 point to your funder score to reflect the increase in the average grant amount given by the Musk Foundation for the past 3 years.. View a complete listing of our previous grant awards, including the organization, project, amount, and grant fund. Grants are available in the two month prior to primary and general elections. Musk has made more sizable donations to certain projects. Public Safety, Disaster Preparedness & Relief receives the lowest amount of funding, with only $250,000.. It doesnt provide much information or provide a method of contact. With an estimated net worth of aroundUS$265 billion as of May 2023, Musk is the wealthiest person in the world according to both the Bloomberg Billionaires Index and the Forbes real-time billionaires list. 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. Return of Organization Exempt from Income Tax (Form 990-PF). Documents obtained by the Guardian reveal how the foundation has put that vague mission statement into practice. The application of intent deadline is April 13, and the grant application deadline is April 27. However, a mailing address and telephone number, both culled from tax records, are provided below. It makes grants to support renewable energy research and advocacy, human space exploration research and advocacy, pediatric research, science and engineering education, and development of safe artificial intelligence to benefit humanity. Total revenues $16,600,467 2020 20162017201820192020$0$0.2b Total expenses $23,665,728 2020 20162017201820192020$0$20m$40m Total assets $11,903,899 2020 Funded by Elon Musk and the Musk Foundation, this $100M competition is the largest incentive prize in history, an extraordinary milestone. Looking at tax records, it is easy to see this represented in grants the foundation has made. 2110 Ranch Rd., 620 S.P.O. Teams can submit entries across natural, engineer and hybrid solutions. Starting in 2020, e-filings are required. Revenue: $600,158 Its important to dive deeper into the subcategories to make sure you see the bigger picture. Keep reading to learn even more factors that you should consider! IP TAKE: It is difficult to take this foundations website seriously as anything other than a way for its founder to troll grantseekers. You can see by the downward trend that their giving has reduced by 50% since 2017, dropping from nearly $48 million to $23 million. Having been homeless as early as 9, this statistic hit home. Add this when the Musk Foundation's funding for your niche is around your desired amount. For more information and access to the action kits, visit https://healourcommunities.org/day-of-racial-healing/. This will help you determine if your project fits within a category they fund, and how much funding projects in that category typically receive. Also in 2016, the Musk Foundation made its largest disbursement to date, giving $37.8m to Vanguard Charitable. Instrumentl makes it easy to connect with these insiders with its past grantees feature.. Click here for more information about Teacher Mini-Grants. Their research observed that the Foundation often donated to charities wherein Musks own circle of relatives and/or his corporations have monetary and different interests. Each category is broken down into subcategories. This illustrates that taking the average category amount at face value can mislead you as you determine funder fit. A technology capable of making a truly measurable impact is what Musk and XPRIZE tea is looking for. Others, however, landed closer to home. Drew Millard of the Outlinewrote in 2018 that the timing of the donation allowed Musk to keep away from taxes and to keep away from ceding stocks to his 2d wife, who filed for divorce withinside the spring of 2016. Really, weve got to think beyond the United States. Dont forgetyou can create a free Instrumentl account to discover more NTEE subcategories and their funding amounts! UNFCU Foundation Opens 2024 Grant Window for Organizations Championing Sustainable Development for Women and Youth The UNFCU Foundation announced that it is now accepting grant. by creating a free 14-day account. Musk Foundation. Here you go! Musk has long worried about the possibilities of superhuman, malevolent artificial intelligence, likening it to summoning the demon. Another key contributor to poverty is the lack of financial literacy. Watch the recording of our most recent grants workshop here: To learn more about Committee grantmaking, click here. Musk who controls Tesla, SpaceX and The Boring Company is worth an estimated $22bn, although almost all his wealth is tied up in his own companies. Some have benefited the billionaires own initiatives and, indirectly, his family, while others have tackled his pet peeves the foundation has given more money to artificial intelligence research than to any of the more traditional charities it says it supports. I think Elon will probably find a way to help families in need in many ways. To help you along in your grant-seeking quest, we are providing you with a list of funders that are similar to the Musk Foundation that may be a better fit. There are some hints that the foundation could be returning to grassroots giving. Who received these awards, and where are they located? While this may seem promising, it should be considered in relation to the total giving data we reviewed above. 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. FILE - SpaceX's Starship turns after its launch from Starbase in Boca Chica, Texas, Thursday, April 20, 2023. I dont know but Elon Musk said on Twitter that hopefully, details would be released next month. RESOURCES: Grants can be up to $500 for specific projects or programs including: program enhancement that meets curriculum guidelines, expanding an already existing unit, student awards, special events, professional development, artists in residence and parent involvement programs. Additionally, teenagers in their schools computer club successfully reached Musk after finding his contact information in public records. But should you pursue their grants? There were Avoid scams. Since relocating to the Lonestar State, Musk has committed $10 million to support revitalization efforts for Brownsvilles downtown district and $1 million to Feeding Texas, a foodbank focused on the state. Your IP: 51.38.238.251 The website of NASA visually explains how big is a gigaton, roughly equal to a sheet of ice placed on top of Central Park in Manhattan stacked 1,119 feet high. Add this since Musk Foundation has had a decreasing giving trend for the last 3 years. This is where Instrumentl comes in! Add this when your state is represented most heavily - shaded in darkest purple - among past grantees. (Non-profit), Global Green USA Ive worked hard to break that cycle, however, financial literacy and good spending habits should be commonly taught. Or its like a very low bandwidth and its insanely expensive. To learn more about the Community Empowerment Small Grants program, click here. Due to this delay, 990 information available on Instrumentl may not represent the most recent 990s filed by the organization. It received a total of nearly half a million dollars over the next four years from the Musk Foundation one of the foundations largest direct awards at the time. According to local news, the Musk Foundation gave $459,000 to IDEA schools in Cameron County on April 19, 2021. Education receives the highest amount of funding, with $1.1 million. Most recorded awards totalled just a few thousand dollars, and many went to environmental, educational, medical and space advocacy organizations. The solutions presented by the participating teams will also have to be scalable and cost-effective in order to win the grant, says XPRIZE.
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