According to foreign media reports, Musk's foundation donated a record $474 million in 2024, the vast majority of which once again went to entities controlled by him. The Musk Foundation donated approximately $370 million to the Foundation, a non-profit organization he founded to establish a primary and secondary school focused on science, technology, engineering, and mathematics. Another $35 million went to a Fidelity Charitable donor recommendation fund. The rest of the donations went to a range of other nonprofits. Last year, the Musk Foundation's total assets were $14.7 billion, up 55% from 2023. Musk tends to direct donations to entities he actually controls, including various donor suggestion funds. DAF is a charitable tool that allows donors to receive tax deductions related to charitable activities before donating to an actual operating charity.

According to foreign media reports, Musk's foundation donated a record $474 million in 2024, the vast majority of which once again went to entities controlled by him. The Musk Foundation donated approximately $370 million to the Foundation, a non-profit organization he founded to establish a primary and secondary school focused on science, technology, engineering, and mathematics. Another $35 million went to a Fidelity Charitable donor recommendation fund. The rest of the donations went to a range of other nonprofits. Last year, the Musk Foundation's total assets were $14.7 billion, up 55% from 2023. Musk tends to direct donations to entities he actually controls, including various donor suggestion funds. DAF is a charitable tool that allows donors to receive tax deductions related to charitable activities before donating to an actual operating charity.