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Skip to contentSkip to site index Search & Section Navigation Section Navigation SEARCH SUBSCRIBE FOR $1/WEEKLog in U.S.|Elon Musk Has a Giant Charity. Its Money Stays Close to Home. https://www.nytimes.com/2024/03/10/us/elon-musk-charity.html * Share full article * * * 287 The Rocket Bar is one of several new nightlife establishments that received funds from the Musk Foundation’s initiative to revitalize downtown Brownsville, Texas.Credit...Meridith Kohut for The New York Times ELON MUSK HAS A GIANT CHARITY. ITS MONEY STAYS CLOSE TO HOME. After making billions in tax-deductible donations to his philanthropy, the owner of Tesla and SpaceX gave away far less than required in some years — and what he did give often supported his own interests. The Rocket Bar is one of several new nightlife establishments that received funds from the Musk Foundation’s initiative to revitalize downtown Brownsville, Texas.Credit...Meridith Kohut for The New York Times Supported by SKIP ADVERTISEMENT * Share full article * * * 287 * Read in app By David A. Fahrenthold and Ryan Mac Reporting from Boca Chica, Texas * March 10, 2024Updated 12:47 p.m. ET Before March 2021, Elon Musk’s charitable foundation had never announced any donations to Cameron County, an impoverished region at the southern tip of Texas that is home to his SpaceX launch site and local officials who help regulate it. Then, at 8:05 one morning that month, a SpaceX rocket blew up, showering the area with a rain of twisted metal. The Musk Foundation began giving at 9:27 a.m. local time. “Am donating $20M to Cameron County schools & $10M to City of Brownsville for downtown revitalization,” Mr. Musk said on Twitter. Advertisement SKIP ADVERTISEMENT Mr. Musk, the world’s second-richest person according to Forbes, presides over SpaceX, Tesla and other companies that are pushing the boundaries of technology, while also controlling a social media platform, now known as X, through which he promotes his often-polarizing political and social views. At the same time, he runs a charity with billions of dollars, the kind of resources that could make a global impact. But unlike Bill Gates, who has deployed his fortune in an effort to improve health care across Africa, or Walmart’s Walton family, which has spurred change in the American education system, Mr. Musk’s philanthropy has been haphazard and largely self-serving — making him eligible for enormous tax breaks and helping his businesses. Subscribe to The Times to read as many articles as you like. David A. Fahrenthold is an investigative reporter writing about nonprofit organizations. He has been a reporter for two decades. More about David A. Fahrenthold Ryan Mac covers corporate accountability across the global technology industry. More about Ryan Mac A version of this article appears in print on March 10, 2024, Section A, Page 1 of the New York edition with the headline: Musk Charity Keeps Money Close to Home. Order Reprints | Today’s Paper | Subscribe Read 287 Comments * Share full article * * * 287 * Read in app Advertisement SKIP ADVERTISEMENT COMMENTS 287 Elon Musk Has a Giant Charity. Its Money Stays Close to Home.Skip to Comments Share your thoughts. The Times needs your voice. We welcome your on-topic commentary, criticism and expertise. Comments are moderated for civility. SITE INDEX SITE INFORMATION NAVIGATION * © 2024 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Our best offer. Sale won’t last: $1 a week for your first year. See details -------------------------------------------------------------------------------- Enjoy unlimited access to all of The Times. See subscription options