Funding to fight inequality. Ive worked hard to break that cycle, however, financial literacy and good spending habits should be commonly taught. A few weeks ago Tesla/SpaceX CEO Elon Musk announced on Twitter that he is donating $100M for innovating the best carbon capture technology. Grants will be available from the following Committees. But should you pursue their grants? If anyone hears this message and is interested I would like to introduce me and my idea. Fight climate change. Global Greenhas acquired a couple of donations, consisting of one worth $45,980 in 2007. The Musk Foundation is a private grantmaking foundation founded in 2002 by technology entrepreneur E Elon Musk Foundation Where and how is up to you. This day is observed the Tuesday after Martin Luther King Jr. Day. Its a win win troll. This year, he promised to donate $30 million to Brownsville, Texas, the city nearest to a massive rocket hub run by his company SpaceX,. Who received these awards, and where are they located? Instrumentl makes it easy to connect with these insiders with its past grantees feature.. Return of Organization Exempt from Income Tax (Form 990-PF). Add this when your state isn't historically represented - shaded in white - among past grantees. Artists for Peace and Justice, which facilitates deprived human beings the world over thru education, and Haitian Relief Organizationwhich helped with healing in Haiti after a tsunami struck that nationacquired investment from the Musk Foundation in 2011. But, if Musk continues to use Vanguard, it would make his already secretive foundation even less transparent in future years. In early 2021, Musk pledged $20 million to local schools in South Texas Rio Grande Valley as part of a total $30 million commitment to the area. Others, however, landed closer to home. Grants are made in support of: Renewable energy research and advocacy; Human space exploration research and advocacy; Pediatric research; Science and engineering education, the site reads. (Non-profit). Instrumentl pulls the funders key financial information from their 990 forms and displays them in easy-to-read bar graphs. First, lets take a peek at the funders giving trends over the last few years. Who received these awards, and where are they located? Strategic Grants support the focus areas of: education; community and economic development; and diversity, equity, and inclusion (read more about here: https://muskegonfoundation.org/grants/our-priorities/). Teacher Mini-Grants Our Youth Advisory Council (YAC) invites school district employees to apply for mini-grants to help them out in the classroom. Between 2007 and 2014, Musk topped up the foundations coffers with a little over $3.1m in cash. In other words, if an aircraft is able to carry 1 ton, it will take 10,000 aircraft carriers to lift a gigaton. Looking at the map below, you can see that the Musk Foundation has funded projects across much of the United States.. XPRIZE will open registrations for the competition starting this years Earth Day (April 22nd, 2021) and the competition will run continuously for four years to find the best carbon capture solution. Criterion #5: If you are a new grantee, add the Musk Foundations proportion of giving to new grantees to your funder score. Since 2004, Musk has donated $29,800 to Republican political action committees and nearly $213,000 to the National Republican Congressional Committee (NRCC). Oops! Also in 2010, the foundation spent $183,000 to help launch Kitchen Community, a Colorado-based charity headed by Kimbal that used learning gardens in underserved areas to help children grow and prepare fresh food. in 2017. Funded by Elon Musk and the Musk Foundation, this $100M competition is the largest incentive prize in history, an extraordinary milestone. Committee grants will open January 1, 2023. The solutions presented by the participating teams will also have to be scalable and cost-effective in order to win the grant, says XPRIZE. Criterion #4: Add a score in the range of 0-2 to your funder score to indicate whether the Musk Foundations funding for your niche is what you desire., Theres no magic number to look for in terms of new versus repeat grantees, but we have found that having a 40% to 60% ratio is a good middle ground.. Annual IP membership required. This organization did not e-file for 2014 2015, so Instrumentl is unable to provide 990 insights. See a snapshot over the past three years or dive into individual awards. Musk Foundation. This will ensure you are focusing your time on high-ROI opportunities. All rights reserved. Grantee Media Kit. Musk Foundation - Nonprofit Explorer - ProPublica 51.38.238.251 Also in 2016, the Musk Foundation made its largest disbursement to date, giving $37.8m to Vanguard Charitable. By now, you should have an idea of whether the Musk Foundation may be a good-fit funder for your project. Perhaps creative methods of reaching out will work again. Together, the documents show that many of the organizations donations have gone far beyond its stated scope. (Non-profit), Natural Resources Defense Council (NRDC) If you have any questions, please reach out to Jocelyn Hines at jocelyn@muskegonfoundation.org or 231-332-4118. (modern). 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), Global Green USA The time is right for a new form of energy. 12 13. 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. All received funding in 2011 totaling $19,200, $7,200, and $2,500, respectively. We accept funding requests up to $25,000 year-round. Documents obtained by the Guardian reveal how the foundation has put that vague mission statement into practice. Add this when you are a repeat grantee for the Musk Foundation. Khan admires Elon Musk's efforts and support. Drill down into giving patterns per category. Apply to join the directory. Other recipients of Musk Foundation offer to encompass worldwide useful resource nonprofits along with Doctors Without Borders, which turned into given $100,000 in 2012 alone, healthcare businesses along with World Spine Care, and the co-instructional Mirman School for Gifted Children. Here you go! 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 Although I am clearly not an expert on these topics, I do know we often inherit our spending habits from our parents as well as the people around us. MIT, for example, has all of their lectures online and a number of other universities do. Or its like a very low bandwidth and its insanely expensive. Artists for Peace and Justice acquired $129,708. The best Tesla, SpaceX, and Elon Musk news resource. While the average grant amount listed for Education is $25,000, you can see by reviewing the subcategories that their averages actually vary significantly. that are established and organized as such by the IRS. The Musk Foundation is a non-public grantmaking basis based in 2002 via way of means of generation entrepreneur Elon Musk and his brother, Kimbal. Lets also take a look at the number of grants awarded by the foundation.. The gift was revealed earlier this year, but Musk did not name the charity receiving. The Musk Foundation starts releasing portions of Tesla CEO's $30M 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. UN to Elon Musk: Here's that $6 billion plan to fight world hunger - CNN The list of its recipients grew longer and began to feature more organizations with links to Musks own family and interests. Make sure to round your cumulative score to the nearest 10th. 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. Cloudflare Ray ID: 7c0be23f1859007a While National Day of Racial Healing mini-grants are now closed, we encourage you to continue the work of racial healing by exploring the action kits and taking action in your community. In 2016, Musk donated 1.2 million stocks of Tesla stock, worth $254,614,000 at the time, to the Foundation. Its incredibly important to evaluate funder fit before you spend time applying for grants. 3 awards The McKesson Foundation accepts applications for funding requests above $25,000 February 1 through April 30 each year. While this may seem promising, it should be considered in relation to the total giving data we reviewed above. Multidisciplinary Association for Psychedelic Studies. Who received these awards, and where are they located? It was no different for my own mother. Human space exploration research & advocacy, Development of safe artificial intelligence to benefit humanity. A lot of it comes down to spending habits of the parents as well. Education receives the highest amount of funding, with $1.1 million. Keep reading to learn even more factors that you should consider! Easily see the range of award sizes given over time. The Legacy Foundation of Central Wisconsin is a private foundation that exists to improve the health and well-being of central Wisconsins communities. The Musk Foundation helps businesses that push a left-of-middle agenda, in particular environmentalist businesses. There are billions of people who have no internet connectivity at allnothing. By using Instrumentls NTEE Codes breakdown, you can review how the Musk Foundation allocates its funds. Add this when your state is sparsely represented - shaded in light purple - among past grantees. In 2012, the year Musk signed the giving pledge, the foundation expanded its horizons and donated to the Rock and Roll Hall of Fame, the Los Angeles Police Foundation, and a not-for-profit organization for professional women in New Yorks film, television and digital media industries. on Heres how to apply and win Elon Musks $100M carbon capture technology prize, Tesla buys $1.5B in Bitcoin Musk shares his views on the cryptocurrency future, Elon Musk buys some Dogecoin for his son X A-Xii, shares cute video of baby X, $100M for innovating the best carbon capture technology, Lone Tesla owner returns to a blocked Supercharger by bikers as he gets back to his car after a charging break, Tesla software update 2023.12.1.1 comes with new features like Scroll Wheel Customization, Zoom Meetings, Text Size, and more (Release Notes), Tesla offers a cheaper China-made Model Y RWD in Canada thats eligible for the CA$5,000 iZEV incentive, Elon Musk meets the South Korean President to discuss plans for the next Asia-Pacific Tesla Gigafactory, Armed suspects try to flee a police pursuit after jacking a Tesla Model 3 in Miami, Florida (videos). All grants will be reviewed after the deadline. Opportunities for every child, and everyone. Making higher education more accessible for hundreds of area students is an investment in the future of our youth and our community. Thank you! 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. Form 990 is a US IRS form that provides the public with financial information about nonprofits, including charitable foundations. Form 990s provide critical insight to know if a foundation is a good match for you or your organization. Elon Musk Foundation - Facebook Many funders concentrate their giving on specific geographic regions. 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 Here are 3 key things that Instrumentls 990 tool can show you to help you figure out if applying to the Musk Foundation is a good use of your time. June 07, 2017. The Musk Foundation suddenly had to find a home for millions of dollars. While initially off to a slow start, Musk's philanthropy has undergone a sudden acceleration, giving away around $5.7 billion in 2021. On Wednesday, the foundation added aline to its website, stating its support for the development of safe artificial intelligence to benefit humanity. Add this where there is an evident close alignment between you and the Musk Foundation. Where your heart leads, your giving can follow. Add this when your state is represented more heavily - shaded in darker purple - among past grantees. Add this when the average grant amount awarded by the Musk Foundation has increased for the past 3 years. by creating a free 14-day account. We award over $1.3 million in scholarships to hundreds of students each year. A minimum goal of 100 years is desired. As executive director and chairman of the project, Kimbal received nearly $85,000 in payments by Big Green between 2010 and 2016. Most recorded awards totalled just a few thousand dollars, and many went to environmental, educational, medical and space advocacy organizations. 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. 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? If it was possible he would already have an idea for how to make it work. 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 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. Beginning April 2022, all applications will be submitted in the Grant Lifecycle Manager (GLM) the link is provided in each application description. Criterion #2: Deduct 0.5 points from your funder score to reflect the Musk Foundations negative giving trend for the last 3 years., Total giving is important, but its just one piece of the puzzle. Add this when the Musk Foundation's funding for your niche is around your desired amount. Open AIs tax filings show its top researcher alone was paid $1.9m in 2016. Gigaton (or gigatonne) is a unit of measuring mass that equals a billion metric tons. Additionally, teenagers in their schools computer club successfully reached Musk after finding his contact information in public records. They received no compensation from the Foundation in 2016. Add this when the Musk Foundation's funding for your niche lies below your desired amount. (Non-profit), Sierra Club Foundation Here's how to apply and win Elon Musk's $100M carbon capture technology Its 2016 IRS filing (Form 990) shows that its largest donation that year was $37,798,322 and went to donor-advised fund provider Vanguard Charities. These messages are fraudulent. The foundation funded photovoltaic systems helping communities affected by the Deepwater Horizon disaster in 2010 and the Fukushima earthquake in 2011. The Musk Foundation does not have a mission statement or offer much in the way of a guiding principles. We are very honored and appreciative of the Musk foundation for supporting BIG and helping to amplify opportunities for those within our community." Musk later started his own not-for-profit school, Ad Astra, located within SpaceX headquarters in Hawthorne, California, which his children now attend. ProPublica; After reading through all this information, you may have decided that the Musk Foundation isnt a great fit for your project or organization. Heres a bonus tip! 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. Were making it easier for you to make a difference. 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. BROWNSVILLE, Texas (ValleyCentral) On Wednesday, Brownsville Independent School District announced a $2.5 million donation from the Elon Musk Foundation . Musk Foundation: Employer Identification Number (EIN) 770587507: Name of Organization: Musk Foundation: In Care of Name: . Communicate your ideas and projects with us at grants@muskegonfoundation.org we want to share your great ideas! I suspect he wants to focus on education. 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. During our interview, he spoke of literacy as a way to help solve poverty. Browse the listings for your next project. RESOURCES: Submittable is the online application portal used for grants submitted prior to April, 2022. The huge influx of funds came with its own issues. It allows the IRS and the public to evaluate an organization and is filed annually. Really, weve got to think beyond the United States. Check out IPs directory of philanthropy and fundraising consultants. That more than doubles Recode's . 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. The Musk Foundation is a corporate foundation that made 10 grants last year. Musk Foundation in Los Angeles, California (CA) In fact, as you can see in the above graph, 100% of grants in 2017 and in 2020 were awarded to new grantees. Your submission has been received! The application of intent deadline is April 13, and the grant application deadline is April 27. 21, Some of the Musk Foundations donations have generated controversy. A non-profit that's received millions of dollars in donations from Elon Musk to tackle technological threats to human existence offered a $100,000 grant to a right-wing extremist media platform . However, we know that looking at 990 data is overwhelming. Find company research, competitor information, contact details & financial data for I.N.E.L. (Non-profit), New Venture Fund (NVF) However, a mailing address and telephone number, both culled from tax records, are provided below. On January 17, 2023, we asked community members to join us in celebrating the National Day of Racial Healing. Find out funders interests by seeing their top giving categories. Xprize and Musk Foundation Name 23 Winners in Five Million D Awards will be paid directly to the church and a final grant report will be required. Janelle Mair, 231.332.4116 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. Bryant Scientist Christopher Reid secures University's first Each year, we award grants that benefit education, the arts, health and human services, the environment, community development and emerging community needs. This indicates that the foundations giving will likely continue to decrease in the coming years, which isnt a great sign for grantseekers! There are individuals using Ford's name without authorization suggesting that funds are forthcoming if they pay a fee. This will help you determine if your project fits within a category they fund, and how much funding projects in that category typically receive. Its better to find out now before you spend a lot of time and effort crafting a well-thought-out proposal. Elon Musk, CEO of Tesla, officially opened the Hawthorne tunnel on 18 December. All grant application entries become the property of the Community Foundation for Muskegon County. (Non-profit), National Wildlife Federation Add this when there is a distant alignment between you and the Musk Foundation - e.g. Musk launched his foundation in 2001, together with his younger brother Kimbal, who would serve as the organizations secretary and treasurer. IP TAKE: It is difficult to take this foundations website seriously as anything other than a way for its founder to troll grantseekers. With such a famous name, the Musk Foundation may be an intriguing prospect for your grant writing. This is promising! 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. You can read more about that in Simons article here. His brother, Kimbal Musk, is secretary and treasurer. As you can see, the foundations giving average was pretty consistent from 2012 to 2016, but experienced a huge increase in 2017, jumping from just over $10,000 to over $23 million! Grantees include Fidelity Charitable. Elon Musk | Inside Philanthropy He also tweeted that he is increasing childcare benefits at his companies and hopes that other companies follow suit. Elon Musk Scholarships 2023 Fully Funded. 2023 Nonprofit Metrics LLCTerms of Service and Privacy Policy. It has consistently given to the Crossroads School for Arts and Sciences, Ad Astra School, and The Windward School, all in California. Its a donor-advised fund a tax-efficient giving vehicle that holds money on behalf of multiple clients and distributes it over time. 25, Elon Musk is president of the Musk Foundation. For more information about Faith Partner grants click here. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information. The best tool for finding & organizing grants, 67 reviews | High Performer status on g2.com. Education is something that is important to him. Looking at tax records, it is easy to see this represented in grants the foundation has made. Musk turned to one of his passions, and his connections in Silicon Valley. The Community FoundationforMuskegon County believes civic engagement is essential to a healthy democracy. Effect of Enhanced Welfare Package on Employees Morale and Performance in Investment and Security Tribunal Abuja Nigeria, Scholarship: Fully Paid Tesla Summer Internships 2023 for Students: Tesla Career Opportunities, Copyright 2023 | MH Magazine WordPress Theme by MH Themes, Rivers State Health Service Recruitment 2023/2024 Application Form Portal | www.rshmb.net.ng, Malaria Consortium Recruitment 2023 Job Vacancies (7 Positions) Apply Now, Senior Monitoring & Evaluation (M&E) Officer at Malaria Consortium, Grievance Redress Mechanism Manager at Malaria Consortium. This day is a great way to commemorate the work the Community Foundation is trying to accomplish by creating a vibrant community for all. Some of the Musk Foundations donations have generated controversy. The $100M XPRIZE Carbon Removal is now LIVE. One thing I know for sure is that Elon will make sure the money is well spent and does the most good. Some of the Musk Foundations grants have benefited AI research, his brothers charity, his childrens school and his fight against LA traffic. SOURCE OF WEALTH: PayPal, SpaceX, Tesla Motors FUNDING AREAS: Energy, Environment, Pediatric Health, Education OVERVIEW: Elon Musk formed The Musk Foundation in 2002 and prioritizes renewable energy, science and engineering education, and pediatric health. in 2012. Funding by NTEE codes is by far the most important factor to consider in funder evaluation. 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. OVERVIEW: The Musk Foundation is the personal philanthropic organization of Elon Musk. BCIC is proud to have a program that is open and inclusive to all business owners who dream of having their product or service in the 2nd most historic downtown district in Texas. Who received these awards, and where are they located? Musk gave his organization 30,000 eBay shares, worth $2.1m. Musk Foundation - InfluenceWatch - InfluenceWatch Notice: The Internal Revenue Service (IRS) is delayed in releasing 990 filings from 2021 and 2022. 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. Please note that the foundation never charges a fee in connection with its grants. At the time, it was just an announcement, now further details and how to apply for the grant have emerged. Musk Foundation | Foundation Directory | Candid
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