Musk Foundation

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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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

Grants Awarded

Over the last fiscal year, Musk Foundation has awarded $159,938,705 in support to 42 organizations.

Grant RecipientAmount

ST JUDE CHILDREN'S RESEARCH HOSPITAL

Org PageRecipient Profile

Memphis, TN

PURPOSE: SUPPORT RESEARCH AND TREATMENT OF PEDIATRIC CATASTROPHIC DISEASES

$55,000,000

X PRIZE FOUNDATION INC

Org PageRecipient Profile

Culver City, CA

PURPOSE: SUPPORT TECHNOLOGICAL DEVELOPMENT FOR CARBON REMOVAL

$54,000,000

THE UNIVERSITY OF TEXAS AT AUSTIN

Org PageRecipient Profile

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
View Grant Profile

Peer Organizations

Organization NameAssets
Musk Foundation
Austin, TX
$6,029,889,623
Robert A Welch Foundation 062491
Houston, TX
$39,430,202
Brown Foundation Inc
Houston, TX
$115,841,262
Moody Foundation
Galveston, TX
$132,742,251
Alice L Walton Foundation
Bentonville, AR
$449,327,995
Edward N And Della L Thome Memorial Foundation
Dallas, TX
$21,555,807
Burnett Foundation
Fort Worth, TX
$2,811,908
Jesus Fund
Little Rock, AR
$128,635,887
Rapier Family Foundation
San Antonio, TX
$1,321,420
Dan L Duncan Family Foundation
Houston, TX
$27,292,814
Fmh Foundation
Midland, TX
$148,706,487
Inasmuch Foundation
Oklahoma City, OK
$49,887,073

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