[Fuzz]

OOO, cool, relevant Musk content! Azure's gonna steam.

According to Fahrenthold and Mac, since 2020, Musk has donated around $7 billion of stock to the Musk Foundation, in the process saving himself some $2 billion in tax payments. Two billion dollars is a lot of money not going to the common good through taxation.

Musk’s “philanthropy” in large part has gone to enterprises that technically qualify as charitable, but that also support his own business interests and even his family’s welfare. For example, a major recipient of grants from the Musk Foundation has been Ad Astra, a nonprofit school founded by, yes, Elon Musk. In fact, it is a school his own children attend – along with the children of his top executives at SpaceX. As the Times story explains, “In its first year of operation out of [Musk’s] home in the Bel-Air neighborhood of Los Angeles, five of Ad Astra’s 14 students were his own children.”

The federal government requires private foundations like the Musk Foundation to direct 5% of their assets each year to charitable purposes. The rules are loose around what counts as the 5%: Foundations can include many administrative costs, including salaries of staff, even those who are related to the founder/donor. All of which is to say that it’s not hard to meet this minimum distribution of 5%.
But in recent years the Musk Foundation has failed to hit that target. In 2021 the Musk Foundation fell $41 million short. It was even worse in 2022: The foundation missed the mark by $193 million, giving away only 2.25% of its $7 billion in assets.

https://www.alancantorconsulting.com...-of-elon-musk/

####ing heroes.