Musk Foundation: Should You Pursue Their Grants? | Instrumentl Applications are now open! The grant will provide an opportunity for undergraduate students and post-baccalaureate fellows to acquire multi-disciplinary training at the interface of chemistry and biology. However, we know that looking at 990 data is overwhelming. But in 2016, the IRS was still processing OpenAIs non-profit status, making it impossible for the organization to receive charitable donations. (Non-profit), Global Green USA Looking at the table above, you can see the subcategories that fall under the Education category. We catalyze change by focusing on decades-long strategic goals: Education, Community and Economic Development, and Diversity, Equity, and Inclusion. Find out funders interests by seeing their top giving categories. If anyone hears this message and is interested I would like to introduce me and my idea. You can discover whether you and the Musk Foundation are a good fit by looking at some key statistics in their 990 data. Due to this delay, 990 information available on Instrumentl may not represent the most recent 990s filed by the organization. By mid 2015, the Musk Foundation was down to its last $60,000. Each category is broken down into subcategories. All grant application entries become the property of the Community Foundation for Muskegon County. Each category is broken down into subcategories. Add this when the Musk Foundation's funding for your niche lies below your desired amount. His brother, Kimbal Musk, is secretary and treasurer. But should you pursue their grants? On January 17, 2023, we asked community members to join us in celebrating the National Day of Racial Healing. Your IP: Artists for Peace and Justice acquired $129,708. It was no different for my own mother. This is where Instrumentl comes in! The best Tesla, SpaceX, and Elon Musk news resource. At a glance, see past and new awardees. Be the first to hear about new free grant writing tips, workshops and ways to win more grants! There were 15 16 17, Other explicitly left-wing organizations which have received funding are the William J. Clinton Foundation, People for the American Way Foundation, and Transgender Law Center. Musk gave his organization 30,000 eBay shares, worth $2.1m. All received funding in 2011 totaling $19,200, $7,200, and $2,500, respectively. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Elon Musk, CEO of Tesla, has publicly touted his charitable activities. ^ Musk Foundation. Accessed May 30, 2018. http://www.muskfoundation.org/. In fact, as you can see in the above graph, 100% of grants in 2017 and in 2020 were awarded to new grantees. Starting in 2020, e-filings are required. This indicates that the foundations giving will likely continue to decrease in the coming years, which isnt a great sign for grantseekers! Public Safety, Disaster Preparedness & Relief, Research Institutes & Public Policy Analysis, Voluntary Health Associations & Medical Disciplines, Water Resources, Wetlands Conservation & Management. 6 Drew Millard of the Outline wrote in 2018 that the timing of the donation allowed Musk to avoid taxes and to avoid ceding shares to his second wife, who filed for divorce in the spring of 2016. 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. This is promising! Kimbal Musk launched Kitchen Community, a Colorado-based charity, with the help of his brother, Elon. There were Teams can submit entries across natural, engineer and hybrid solutions. Performance & security by Cloudflare. The Musk Foundation has disbursed more than $54m in 15 years of operations, more than a third in direct gifts to 160 charities, according to an analysis of filings with the Internal Revenue Services from its incorporation in 2001 to the middle of 2017. in 2017. If it was possible he would already have an idea for how to make it work. Use the link below to access previous applications and final grant reports. For more information and access to the action kits, visit https://healourcommunities.org/day-of-racial-healing/. 10 awards But dont worryInstrumentl analyzes and breaks down funders' 990 data into reader-friendly, easily digestible pieces of information that make it easy to identify trends. Education receives the highest amount of funding, with $1.1 million. Create your free Instrumentl account today to explore and vet more foundations and get matched with 100+ relevant grants! Expenses: $582,908 Nonprofit Quarterlyeditor-in-leader Ruth McCambridge criticized the donation due to the dearth of payout and transparency guidelines associated with donor-suggested fund providers. States like Pennsylvania, Virginia, Ohio, and Washington are sparsely represented, with only 1-2 awards each. Musks solar power company Solar City (now part of Tesla) participated in both installations. Dont forgetyou can create a free Instrumentl account to discover more NTEE subcategories and their funding amounts! Xprize and Musk Foundation Name 23 Winners in Five Million D Looking at tax records, it is easy to see this represented in grants the foundation has made. Together, the documents show that many of the organizations donations have gone far beyond its stated scope. Fight climate change. It allows the IRS and the public to evaluate an organization and is filed annually. Jocelyn Hines, 231.332.4118, Grant Application Overview Looking at the map below, you can see that the Musk Foundation has funded projects across much of the United States.. Want to get inside funders' heads? Copyright 2023 InfluenceWatch. Grant Archive - The Rockefeller Foundation 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. Apply to join the directory. With such a famous name, the Musk Foundation may be an intriguing prospect for your grant writing. Criterion #6: Add a score in the range of 0-3 to your funder score to indicate whether or not your organizations state has been historically represented.. Copyright TESLARATI. The Musk Foundation's grant accounted for the majority of YC.org's revenue, and almost all of its own funding, when it passed along $10m to OpenAI later that year. Accessed May 30, 2018. http://www.wired.co.uk/article/elon-musk-tesla-spacex-empire. Tech Scholarship, 100% tuition-paid scholarship for the community, Scholarship with Lifetime Career Support, $2,500 Scholarship No Essay Deadline: 2023, Scholarships with no Essay Win Money for College, Win Free Scholarships Enter To Win $10,000 Today, Does SpaceX offer scholarships?, Did Elon Musk receive a scholarship? We have a list of similar funders that may be better fitjust keep reading! 22Nonprofit Quarterly editor-in-chief Ruth McCambridge criticized the donation because of the lack of payout and transparency regulations related to donor-advised fund providers. Lets go! Why is this information so important? According to its website, the Musk Foundation makes grants in support of five areas, some of which intersect with Musk's 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 We should never judge people over the situations they find themselves in. We award over $1.3 million in scholarships to hundreds of students each year. (Non-profit), Sierra Club Foundation BCIC Receives Private Funding for BIG Grant Program This illustrates that taking the average category amount at face value can mislead you as you determine funder fit. How do you do that, you ask? Following publication of this article, a spokesman for the charity said Kimbal personally donated $130,000 to Big Green. XPRIZE web page for Elon Musks $100M donation details the following key points that can help a team win the prize. Not good news! The entire website of Elon Musks private charitable foundation is shorter than many of the Tesla CEOs contentious tweets. by creating a free 14-day account. Part VIII, Line 1. Judges in the competition will evaluate the teams based upon four basic criteria: A working carbon removal prototype that can be rigorously validated and capable of removing at least 1 ton per day. Click here for more information about Teacher Mini-Grants. Who received these awards, and where are they located? 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. Artists for Peace and Justice received $129,708. LYCEE GEN TECHNOL AGRICOLE LE PARACLET Company Profile | COTTENCHY If some genius does manage to come up with a solution then thats also a win. All acquired investment in 2011 totaling $19,200, $7,200, and $2,500, respectively. RESOURCES: Their insider tips may not be public knowledge and may help you increase your likelihood of getting funded. IP TAKE: It is difficult to take this foundations website seriously as anything other than a way for its founder to troll grantseekers. Since total giving decreased, but the number of grants increased, we can infer that the foundation is awarding less money per grant award. Determining if your organization or project is located in a state or region that has been historically represented in the foundations giving portfolio is helpful information to have as you determine funder fit. Other explicitly left-wing businesses that have acquired investment are theWilliam J. Clinton Foundation,People for the American Way Foundation, andTransgender Law Center. Some examples of recent church partner grantees that have integrated literacy into their church programs: The application will be reviewed at the end of each month, and grants will be awarded the following month. OVERVIEW: The Musk Foundation is the personal philanthropic organization of Elon Musk. The spring 2023 deadline has passed Committee Grants will open again in the summer of 2023, with a September grant deadline. If you have any questions, please reach out to Jocelyn Hines at jocelyn@muskegonfoundation.org or 231-332-4118. The final criteria is the length of time that the removed carbon is locked up for. These grants are designed to empower organizations that may not yet have a 501(c)(3) status but seek support to foster change across our county. 3 awards UNFCU Foundation Opens 2024 Grant Window for Organizations Championing If we all leave a gift of just 5%, together, we can make a strong, positive impact on our community for many years to come. Search for staff contact info and bios in PeopleFinder(paid subscribers only). While initially off to a slow start, Musk's philanthropy has undergone a sudden acceleration, giving away around $5.7 billion in 2021. Musk had started organizing his charity givings more than a decade earlier. UN to Elon Musk: Here's that $6 billion plan to fight world hunger - CNN Many wealthy individuals fund their childrens schools, and support their own charities and initiatives, he explained. Add this when you are a new grantee for the Musk Foundation. 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. 23, The left-leaning newspaper the Guardian conducted a thorough examination of the Foundations donations in a January 2019 profile. The Youth Advisory Council of Muskegon County (YAC) is a collective of 20+ youth grantmakers who represent 16 Muskegon-area high schools. Sign up for our email updates. According to local news, the Musk Foundation gave $459,000 to IDEA schools in Cameron County on April 19, 2021. Watch the recording of our most recent grants workshop here: To learn more about Committee grantmaking, click here. I think that if the Musk Foundation really wants to help families, especially those who are struggling to make ends meet, perhaps Elon will consider financial literacy programs for families in homeless shelters as well as colleges and schools. Its website is minimal and does not provide a clear way to contact either Elon Musk or Jared Birchall, treasurer of the foundation and the only other known staff member other than Musk himself. Hopefully, details to be announced next month. The following May, Musk donated 1.2m shares of Tesla Motors, valued at nearly $255m at the time. WIRED. We are very honored and appreciative of the Musk foundation for supporting BIG and helping to amplify opportunities for those within our community." This organization did not e-file for 2018 2019, so Instrumentl is unable to provide 990 insights. 24 Their investigation found that the Foundation frequently donated to charities in which Musks family and/or his companies have financial and other interests. As you can see in the bar graph above, the number of grants has actually increased over the last 3 years, from 2 in 2017 to 10 in 2020. Assets: $57,371, The Musk Foundation is a private grantmaking foundation founded in 2002 by technology entrepreneur Elon Musk and his brother, Kimbal. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Whether its a new idea or that little extra you need to make your lesson plans great, you can brighten your classroom with help from the YAC. Who received these awards, and where are they located? Beginning April 2022, all applications will be submitted in the Grant Lifecycle Manager (GLM) the link is provided in each application description. The Musk Foundation suddenly had to find a home for millions of dollars. (modern). Who received these awards, and where are they located? Musk Foundation - InfluenceWatch - InfluenceWatch Elon Musk | Inside Philanthropy Musk signed a pledge last year promising to give away half of his fortune, and was recently named the richest . It also said that those payments ended as soon as the Foundation learned about them. At the time, it was just an announcement, now further details and how to apply for the grant have emerged. He attended the Queen's School of Business before transferring to the University of Pennsylvania's Wharton School, where he received his bachelor's. However, 2020 saw a significant decrease in the giving average, with the amount falling down to $2.3 million. Some of the Musk Foundations donations have generated controversy. Its not against the law Dale noted. Elon Musk Scholarships 2023 Fully Funded, Abroad, Grants Get personalized grant recommendations, tracking and more. If the answer is no, dont worry! Foundation supports a broader funding category. Tax paid with application for extension of time to file (Form 8868) $7,000: $0: $0: Backup withholding erroneously withheld: $0: $0: $0: . Updated: Jan 27, 2022 / 08:07 AM CST. Millions of people worldwide experience poverty and here in the U.S., we are pretty fortunate that there are shelters, churches, and other organizations dedicated to helping people. The high point of 2012 was possibly a $10,000 donation to the Multidisciplinary Association for Psychedelic Studies (Maps), a non-profit that is developing medical therapies using marijuana and MDMA. It has consistently given to the Crossroads School for Arts and Sciences, Ad Astra School, and The Windward School, all in California. A minimum goal of 100 years is desired. The Musk Foundation does not have a mission statement or offer much in the way of a guiding principles. 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. The foundation does not accept unsolicited proposals or requests for funding. Kitchen Community, now called Big Green, has raised over $47m since its inception. There were Your submission has been received! Many funders tend to unequally split their budget between different funding purposes and categories. Single mothers are often shamed for having children and then being homeless. 12 13. Make sure to round your cumulative score to the nearest 10th. The Vancouver Methodist Foundation, based in Vancouver, Washington, is a Protestant-affiliated foundation that was formed in 1970. Foundation for the Global Compact 2023 in support of the Global Africa Business Initiative, an effort to grow the economy to benefit poor and vulnerable communities in Africa $500,000 Awarded Mar 20-2023 The Global FoodBanking Network 2023 in support of expanding a global food banking system for impoverished and malnourished populations $2,831,300 Grants through the Musk Foundation range from $1,000 to $100 million; however, the most common amount is a modest $10,000. Tax rules state that private foundations must distribute 5% of their assets each year. Grant Visualizer: Musk Foundation. Foundation Search. Grants will go directly to the church, however collaboration with schools and other nonprofits doing similar work is strongly encouraged. The Kitchen Restaurant Group, a family of restaurants primarily owned by Kimbal, donated hundreds of thousands of dollars to the organization, the spokesman added. According to its website, the Musk Foundation makes offers in help 4 areas: renewable strength studies and advocacy; human area exploration studies and advocacy; pediatric studies; and technological know-how and engineering education.. Grants will be available from the following Committees. in 2012. By supporting projects that reflect the needs and diversity of our region, we work to create positive change throughout our shared community. The Musk Foundation said it has donated more than $1m worth of water filtration equipment and laptops to causes in Flint, Michigan. After having added up all the scores throughout the article, you can use our scoring breakdown to conclude if the Musk Foundation is a good fit for your organization. The left-leaning newspaperthe Guardiancarried out a radical exam of the Foundations donations in a January 2019 profile. Cloudflare Ray ID: 7c0be23f1859007a Get the latest business insights from Dun & Bradstreet. 25, Elon Musk is president of the Musk Foundation. Instrumentl pulls the funders key financial information from their 990 forms and displays them in easy-to-read bar graphs. It is a preview of Musks larger vision to ease LA traffic. Funded by @elonmusk, its the largest in history. Teacher Mini-Grants Our Youth Advisory Council (YAC) invites school district employees to apply for mini-grants to help them out in the classroom. Instrumentl creates easy-to-read 990 Reports based on digitized IRS Form 990s for thousands of private foundation and nonprofits to make it easier for you to find good fit funders like Musk Foundation. Also in 2016, the Musk Foundation made its largest disbursement to date, giving $37.8m to Vanguard Charitable. Add this when your state is represented most heavily - shaded in darkest purple - among past grantees. He also tweeted that he is increasing childcare benefits at his. However, a mailing address and phone number for the foundation are provided below. XPRIZE and Elon Musk will most likely be considering teams that are able to showcase the ability to reduce the carbon footprint on Gigaton levels. It is supported by Elon Musk and located in Austin, TX. Living in and out of homeless shelters as a child, one learns that its a really harsh world out there. Please note that the foundation never charges a fee in connection with its grants. Musk later started his own not-for-profit school, Ad Astra, located within SpaceX headquarters in Hawthorne, California, which his children now attend. Instrumentls 990 pages will be updated automatically as soon as the IRS releases this information. It also donated to the UNICEF Giga Connect initiative to help bring the internet to schools in low-income and developing countries, and to Hack Club, a nonprofit that supports student-led coding clubs. As you can see above, the Musk Foundations giving history has been inconsistent over the last 5 years. The website of Elon Musks private charitable foundation. Musk Foundation in Los Angeles, California (CA) None of Musks charitable decisions are particularly uncommon for a billionaires private foundation, said Harvey Dale, director of the National Center on Philanthropy and the Law at New York University. Musk has made more sizable donations to certain projects. Notice: The Internal Revenue Service (IRS) is delayed in releasing 990 filings from 2021 and 2022. Heres a bonus tip! Musk Foundation | Austin, TX | Instrumentl I suspect he wants to focus on education. Im going to focus more on the Musk Foundation especially because it was something that came up in my interview with Elon Musk at the beginning of this month. While the foundations average grant amount has increased overall in the past three years, you can see from the graph that there really isnt a stable trendso keep that in mind when using these funding insights to evaluate your funder fit. 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. 38 awards Angelenos Against Gridlock is now defunct, and Musk has turned his attention to building tunnels to whisk Tesla electric cars swiftly beneath the citys traffic instead. While this may seem promising, it should be considered in relation to the total giving data we reviewed above. Global Greenhas acquired a couple of donations, consisting of one worth $45,980 in 2007. Accessed May 30, 2018. www.foundationsearch.com. Organizations that have received funding from the Musk Foundation in the past are well-equipped to give you guidance and insights about how to get your project funded. I think Elon will probably find a way to help families in need in many ways. Its not too late to use human creativity, innovation, and competition to rewrite our history and create a better future for all of us on this planet we call home. Opportunities for every child, and everyone. Elon said the foundation would help families directly and this could mean a variety of things. There are some hints that the foundation could be returning to grassroots giving. Using Form 990s, Instrumentl shows you key information about a foundation's historical giving such as their past grantees, average grant amounts, giving frequency, location preferences, and current board members. Its a donor-advised fund a tax-efficient giving vehicle that holds money on behalf of multiple clients and distributes it over time. 51.38.238.251 Private Foundation Excise Taxes on Undistributed Income, Gifts from Private Foundations to Donor Advised Funds, In Support of Los Angeles Firefighters and Fire Stations, For Covid-19 Antibody Seroprevalance Study, Net gain from sale of non-inventory assets. Musk Foundation - EIN 770587507 Austin, TX - Instrumentl Instrumentl creates easy-to-read 990 Reports based on digitized IRS Form 990s for thousands of private foundation and nonprofits to make it easier for you to find good fit funders like Musk Foundation. For many parts of the world, this is the casebillions of people., So I think those things are helpful. [16] In 2018, a spokesperson for Musk announced that Musk had donated $6 million to the environmental group the Sierra Club, and wanted the donation to be made public by the environmentalist organization. Funding is available to support programs related tolife-long literacy and educational equity. Sign up for your free Instrumentl account today to view past grantees from even more foundations that you are interested in learning about! Bryant Scientist Christopher Reid secures University's first 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. A technology capable of making a truly measurable impact is what Musk and XPRIZE tea is looking for. Nonprofits often have connections to communities that may be underrepresented at the polls and are trusted sources of information. You can reach him on Twitter @IqtidarAlii, I have an energy idea, with an equation, that could possibly have unlimited power potential. Generally, education, obviously, is good. Open AI's tax filings show. Musk turned to one of his passions, and his connections in Silicon Valley. For more information about Faith Partner grants click here. The Musk Foundation starts releasing portions of Tesla CEO's $30M As [the brothers] salary at the charity was relatively modest, and the charity has plenty of other resources, you might come to the conclusion that the foundations contribution wasnt responsible for any special benefit for him.. Add this when your state is sparsely represented - shaded in light purple - among past grantees. Elon Musk Foundation - Facebook Making higher education more accessible for hundreds of area students is an investment in the future of our youth and our community. Add this when your state isn't historically represented - shaded in white - among past grantees. Ive worked hard to break that cycle, however, financial literacy and good spending habits should be commonly taught. 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. Community Improvement & Capacity Building N.E.C. California is the most heavily represented state, with 51 grants awarded over the last 5 years.
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