Musk Foundation
- Assets
- $379.6m
- Revenue
- $6.0b
- Investments
- $314.2m
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 12/2021
- EIN
- 85-2133087
Organization Overview
Musk Foundation is located in Austin, TX. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musk Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Musk Foundation generated $6.0b in total revenue. All expenses for the organization totaled $166.9m during the year ending 12/2021. While expenses have increased by 303.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Musk Foundation has awarded 47 individual grants totaling $170,088,705. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Birchall Secretary & Treasurer & Director | 1 | $0 | |
Matilda Simon Director | 0.1 | $0 | |
Elon Musk President & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,703,165,040 |
| Interest on Savings | $1,912 |
| Dividends & Interest | $328,543 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $326,394,116 |
| Capital Gain Net Income | $326,394,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12 |
| Total Revenue | $6,029,889,623 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,500,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $321,390 |
| Total operating and administrative expenses | $6,993,053 |
| Contributions, gifts, grants paid | $159,938,705 |
| Total expenses and disbursements | $166,931,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,355,447 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $188,048,661 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $379,579,235 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Musk Foundation has awarded $159,938,705 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: SUPPORT RESEARCH AND TREATMENT OF PEDIATRIC CATASTROPHIC DISEASES | $55,000,000 |
Culver City, CA PURPOSE: SUPPORT TECHNOLOGICAL DEVELOPMENT FOR CARBON REMOVAL | $54,000,000 |
Austin, TX PURPOSE: SUPPORT RESEARCH PROGRAMS | $10,000,000 |
UNICEF USA PURPOSE: SUPPORT EDUCATION OF STUDENTS IN NEED | $5,000,000 |
BROWNSVILLE INDEPENDENT SCHOOL DISTRICT PURPOSE: SUPPORT SCHOOL OPERATIONS AND PROGRAMS | $4,946,056 |
FUTURE OF LIFE INSTITUTE PURPOSE: SUPPORT RESEARCH AND INITIATIVES FOR SAFEGUARDING LIFE AND DEVELOPING OPTIMISTIC VISIONS OF THE FUTURE | $4,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musk Foundation Austin, TX | $379,579,235 | $6,029,889,623 |
Robert A Welch Foundation 062491 Houston, TX | $0 | $39,430,202 |
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |