The mystery of Elon Musk's $14 billion charity fund.

The Musk Foundation possesses enormous assets, but the majority of the money flows into related organizations.

The Musk Foundation is currently one of the largest charitable foundations in the United States, with assets exceeding $14 billion.

In 2024, the fund disbursed $474 million, but the majority went to organizations connected to Musk's ecosystem.

Over $370 million was invested in an elementary school in Texas, where many of Musk's employees live.

The fund also transferred $35 million to Fidelity, an investment advisory firm where Musk still retains influence over asset allocation.

For many years, the Musk Foundation failed to meet the legally mandated minimum expenditure of 5% of its assets.

The fund's management team consists of only three volunteers, who contribute an average of a few minutes each week.

In addition to related organizations, the fund also provides funding to communities in South Texas and several schools.

Despite the criticism, Musk insists his goal is to "give money in a way that is truly beneficial" in the long term.

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Source: https://khoahocdoisong.vn/bi-an-quy-tu-thien-14-ty-usd-cua-elon-musk-post2149073887.html