Elon Musk Gave Away $474 Million in 2024, Mostly to Entities He Controls

Elon Musk’s foundation gave away a record $474 million in 2024, with the vast majority again going to entities he controls.

The Musk Foundation sent about $370 million to the Foundation, a nonprofit he set up to establish a STEM-focused primary and secondary school, according to a new tax filing. Another $35 million went to a donor-advised fund at Fidelity Charitable. The remainder of the gifts went to a slew of other nonprofits — some repeat recipients, others new to the billionaire — including groups focused on health care, disaster relief and education.