Behind every great entrepreneur is an active foundation; Elon Musk is no exception. However, his foundation seems to be shy of cameras and the internet. The MuskFoundation.org website was last updated 11 years ago. The only information available on it is as concise as this: ”Grants made are in support of Renewable Energy Research and Advocacy; Human Space Exploration Research and Advocacy; Pediatric Research; Science and Engineering Education.” Any attempts to find further details will fail miserably.
It could be Musk’s way of demonstrating that his foundation is not willing to consume neither time or money on anything other than giving out grants and working on the relief projects. Smart as usual.
But don’t worry, we’ve gathered enough material to help you understand what the foundation has been up to.
It is headquartered in Santa Monica Boulevard, Los Angeles, USA, and considered as an independent grant maker with no affiliation to external organizations. According to Forbes, the foundation is run by Elon Musk and his younger brother Kimbal, who serves as secretary and treasurer. The total donations made per year range from $175,000 to $600,000.
The foundation has dedicated immense efforts to reaching out to disaster-hit regions, the development of science education and enhancing clean energy practices. It has contributed in installing solar photovoltaics in Riverside California; promoted vegetable gardening in elementary schools.
Most notably, Musk Foundation has donated solar-power generating systems in 2010 to the South Bay Communities Alliance Hurricane Response Center in Coden, Alabama. This 25-kilowatt powered system generated 100 percent of the community’s needed electricity.
Back in 2011, the foundation also allocated $250,000 to build a solar power system in Soma City, Fukushima, Japan, amid the tsunami which devastated areas in the north-eastern coast of Japan. A 9.0 magnitude earthquake hit the country’s coast and the resulted tsunami destroyed hundreds of thousands of homes. According to the Huffington Post, the tsunami has also affected the Fukushima nuclear power plant, causing severe meltdowns that residents are still suffering from their implications till now.
SolarCity, which Musk is the chairman of, donated time and resources to manage the project in order to sustain renewable energy for the industrial city. The constructed panels were made and installed by Japanese workers; thus, increasing local labor.
In spite of Musk’s big family of five kids, he has signed the Giving Pledge back in 2012, a commitment by the world’s wealthiest individuals and families to dedicate the majority of their wealth to philanthropy. Among the current pledgers are Bill and Melinda Gates, Mark Zuckerberg and Priscilla Chan, Ted Turner, and Michael R. Bloomberg. The commitment being to give at least half of their fortune to charitable causes.