LEE KRAMER'S ROOM: With Views

[jbsliverer]

His giving philosophy is like traitor trump's, that is giving to oneself.

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.
https://www.nytimes.com/2024/03/10/us/elon-musk-charity.html

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.

Since 2020, he has seeded his charity with tax-deductible donations of stock worth more than $7 billion at the time, making it one of the largest in the country.

The foundation that houses the money has failed in recent years to give away the bare minimum required by law to justify the tax break, exposing it to the risk of having to pay the government a substantial financial penalty.

Elon Musk’s 2021 $5.7 billion ‘mystery gift’ went to his foundation
December 14, 2022
https://philanthropynewsdigest.org/news/elon-musk-s-2021-5.7-billion-mystery-gift-went-to-his-foundation


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