Musk’s Foundation Gave Away Less Money Than Required in 2023

Dec 12, 2024  · New tax filings show that the Musk Foundation fell $421 million short of the amount it was required to give away in 2023. Now, Mr. Musk has until the end of the year to distribute that money, or ...


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Musk’s Foundation Gave Away Less Money Than Required In 2023

4 weeks from now

Dec 12, 2024  · New tax filings show that the Musk Foundation fell $421 million short of the amount it was required to give away in 2023. Now, Mr. Musk has until the end of the year to distribute that money, or ...

nytimes.com

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Musk’s Charity Sent Most Cash To His Own Entities – Bloomberg

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Dec 13, 2024  · The New York Times has reported that the tax filings suggest that the Musk Foundation fell $421 million short of the amount it was required to give away in 2023, meaning …

rt.com

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Of Course Elon Musk’s Charity Is Skirting The Law

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Dec 12, 2024  · But The New York Times reported Thursday that the Musk Foundation fell $421 million short of the 5 percent rule in 2023, making it the third year in a row that it missed the …

newrepublic.com

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Elon Musk’s Charity Broke Tax Laws As Donations Came Up Short: …

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Mar 11, 2024  · By the end of 2022, the Musk Foundation was $234 million short of the legally required minimum threshold for giving. There are no available data regarding the charity’s …

nypost.com

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Musk’s Foundation Gave Away Less Money Than Required

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Dec 12, 2024  · Musk’s Foundation Gave Away Less Money Than Required. December 12, ... “New tax filings show that the Musk Foundation fell $421 million short of the amount it was …

politicalwire.com

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Elon Musk’s Foundation Gave Most Money To His Own Entities

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Dec 18, 2024  · By comparison, the Silicon Valley Community Foundation, a donor-advised fund with $13.6 billion in assets in 2023, made $4.7 billion in grants in that year alone. The New …

crooksandliars.com

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New Tax Filings Show That Elon Musk’s... - The New York Times

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New tax filings show that Elon Musk’s charitable foundation fell $421 million short of the amount it was required to give away in 2023. Musk has until the end of the year to distribute that money, …

facebook.com

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Half Of Donations Made By The Musk Foundation Had Links To …

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The Musk Foundation has not reported what it gave away in 2023. According to the Times, if it did not address the shortfall from the previous year, it could incur a penalty tax amounting to 30% …

yahoo.com

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Musk’s Charity Falls $421M Short Of Donations Rule

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Dec 12, 2024  · New tax filings show that the Musk Foundation fell $421 million short of the amount it was required to give away in 2023. Now, Mr. Musk has until the end of the year to …

joemygod.com

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Musk's Charitable Foundation Falls Short Of IRS Standard For

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Dec 13, 2024  · There is new reporting that Elon Musk's charitable foundation fell $421 million short of the amount required to give away in 2023. New York Times political correspondent …

yahoo.com

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Elon Musk’s Foundation Gave Away Less Money Than Required In 2023

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Dec 14, 2024  · The foundation’s only gift with an apparent political tilt was a small one: The Musk Foundation gave $100,000 to a libertarian think tank in Utah.For the third year in a row, Elon …

headtopics.com

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Musk Foundation - Wikipedia

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The foundation was initially endowed with $2 million. [8] From 2012 to 2015, it received a further $3 million. In 2016, Elon Musk donated Tesla shares worth $254 million to the foundation, thus …

wikipedia.org

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Elon Musk's $7Billion Charity Has No Employees And Has Failed To …

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Mar 10, 2024  · The Musk Foundation has donated less than half of the minimum needed to avoid multi-million dollar fines, giving away just $160 million of its $7 billion wealth Musk avoided a …

dailymail.co.uk

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Elon Musk's "Charity" Is Hoarding Money Instead Of Giving It

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Dec 13, 2024  · In the cases where it has actually given away money, it has often gone to organizations with close ties to Musk. In 2023, he made a $137 million donation to a nonprofit …

futurism.com

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New Tax Filings Show That Elon Musk’s Charitable Foundation Fell …

4 weeks from now

Dec 12, 2024  · The New York Times (@nytimes). 868 Replies. 5.2K Likes. New tax filings show that Elon Musk’s charitable foundation fell $421 million short of the amount it was required to …

threads.net

FAQs about Musk’s Foundation Gave Away Less Money Than Required in 2023 Coupon?

What did the Musk Foundation give away in 2023?

In 2021, the Musk Foundation fell $41 million short of the minimum required donation, and in 2022 it missed the 5% required donation by $193 million, tax filings show, per the paper. The Musk Foundation has not reported what it gave away in 2023. ...

Did the Musk foundation fail to give away the minimum donation?

However, the Musk Foundation has failed in recent years to give away the minimum required, the Times reported. In 2021, the Musk Foundation fell $41 million short of the minimum required donation, and in 2022 it missed the 5% required donation by $193 million, tax filings show, per the paper. ...

Did Elon Musk's charitable foundation lose $421 million in 2023?

There is new reporting that Elon Musk's charitable foundation fell $421 million short of the amount required to give away in 2023. New York Times political correspondent Teddy Schleifer, who reported the story, joins Chris Jansing to discuss this and to react to Meta donating $1 million to President-elect Trump's inaugural fund. ...

How much money did the Musk Foundation lose in 2021?

In 2021, the Musk Foundation was $41 million short of the minimum threshold. The next year, the shortfall grew to $193 million, according to tax filings. By the end of 2022, the Musk Foundation was $234 million short of the legally required minimum threshold for giving. ...

Does the Musk Foundation give away 5% of its assets a year?

The Musk Foundation, like all charities, is required by law to give away 5% of its assets every year. In 2021, the Tesla boss, who had just exercised stock options from a bonus plan that netted him $25 billion worth of shares, realized he was on the hook for an $11 billion tax bill. ...

How much money does the Musk Foundation give to charities?

The Musk Foundation’s largess primarily stays closer to home. The tax filings show that last year the group gave at least $7 million combined to charities near a launch site in South Texas used by Mr. Musk’s company SpaceX. ...

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