Comprehensive foundation profile based on the most recent IRS Form 990 filing
The Musk Foundation, based in Austin, Texas, is a philanthropic organization led by Elon Musk, who serves as its President and Director. The foundation has significant assets totaling over $536 million, with expenses of approximately $237 million and revenue of about $20 million. Despite its substantial financial activities, the foundation's leadership, including Jared Birchall and Matilda Simon, receives no compensation. The foundation supports a wide range of cities across the United States, including major urban centers like New York, Los Angeles, and Washington, D.C., as well as smaller communities. It operates in various states such as California, Texas, and New York, although specific subject areas of funding are not detailed in the available information.
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Financials
+2.6% from previous year
43 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $102,267,186 | THE FOUNDATION - SEE ATTACHMENT A | TO SUPPORT SCHOOL OPERATIONS AND PROGRAMS | Austin, TX, US | 2024 |
| $89,941,380 | THE FOUNDATION - SEE ATTACHMENT A | TO SUPPORT SCHOOL OPERATIONS AND PROGRAMS | Houston, TX, US | 2023 |
| $55,000,000 | ST JUDE CHILDREN'S RESEARCH HOSPITAL | SUPPORT RESEARCH AND TREATMENT OF PEDIATRIC CATASTROPHIC DISEASES | Memphis, TN, US | 2022 |
| $54,000,000 | X PRIZE FOUNDATION INC | SUPPORT TECHNOLOGICAL DEVELOPMENT FOR CARBON REMOVAL | Culver city, CA, US | 2022 |
| $54,000,000 | X PRIZE FOUNDATION INC | SUPPORT TECHNOLOGICAL DEVELOPMENT FOR CARBON REMOVAL | Culver city, CA, US | 2024 |
| $36,086,291 | FIDELITY CHARITABLE - SEE ATTACHMENT A | FOR SUPPORT OF PUBLIC CHARITIES | Cincinnati, OH, US | 2023 |
| $34,808,757 | THE FOUNDATION | TO SUPPORT SCHOOL OPERATIONS AND PROGRAMS | Austin, TX, US | 2024 |
| $25,000,000 | FIDELITY CHARITABLE | FOR SUPPORT OF PUBLIC CHARITIES | Cincinnati, OH, US | 2024 |
| $10,000,000 | THE UNIVERSITY OF TEXAS AT AUSTIN | SUPPORT RESEARCH PROGRAMS | Austin, TX, US | 2022 |
| $10,000,000 | THE FOUNDATION | TO SUPPORT SCHOOL OPERATIONS AND PROGRAMS | Houston, TX, US | 2023 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
EM
ELON MUSK
| PRESIDENT & DIRECTOR | $0 | 2024 |
JB
JARED BIRCHALL
| SECRETARY & TREASURER & DIRECTOR | $0 | 2024 |
MS
MATILDA SIMON
| DIRECTOR | $0 | 2024 |
ELON MUSK
PRESIDENT & DIRECTOR
JARED BIRCHALL
SECRETARY & TREASURER & DIRECTOR
MATILDA SIMON
DIRECTOR
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025