Posted 3/10/2024, 8:00:40 AM
Elon Musk's Philanthropy Raises Questions on Priorities and Tax Benefits
- Elon Musk runs a giant charity with billions that could make a global impact, but its donations have been haphazard and self-serving
- Musk's charity donated $20M to Cameron County schools and $10M to Brownsville for downtown revitalization right after a SpaceX rocket explosion there
- Unlike other billionaires, Musk's philanthropy helps his own business interests and makes him eligible for enormous tax breaks
- Musk has given away far less money through his charity some years than would be required despite billions in tax-deductible donations
- Unlike Bill Gates and Walmart's Walton family, Musk's donations have not aimed to create systemic change in areas like health care or education