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 ‘You should publicly announce where the money is going to’: Elon Musk gave $5.7 billion in Tesla stock to charity, but the beneficiaries may forever remain a secret

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RR Phantom

RR Phantom

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‘You should publicly announce where the money is going to’: Elon Musk gave $5.7 billion in Tesla stock to charity, but the beneficiaries may forever remain a secret Vide
PostSubject: ‘You should publicly announce where the money is going to’: Elon Musk gave $5.7 billion in Tesla stock to charity, but the beneficiaries may forever remain a secret    ‘You should publicly announce where the money is going to’: Elon Musk gave $5.7 billion in Tesla stock to charity, but the beneficiaries may forever remain a secret Icon_minitimeMon Feb 21, 2022 4:30 pm
Publicly announcing multi-billion-dollar gifts is a ‘fundamental matter of public interest,’ says one philanthropy expert.

‘You should publicly announce where the money is going to’: Elon Musk gave $5.7 billion in Tesla stock to charity, but the beneficiaries may forever remain a secret Im-487629?width=700&height=487

Elon Musk will happily broadcast a few choice words about U.S. senators, but he’s quieter when it comes to his philanthropy. There’s a good chance the public may never know which charity or charities benefited from the approximately $5.7 billion in Tesla TSLA, -2.21% stock Musk donated in 2021.

While there are some public-disclosure laws in philanthropy, billionaire donors like Musk can easily keep the details of their giving under wraps, and it’s legal for them to do so.

Musk — who signed the Giving Pledge in 2012, promising to give away most of his wealth — doesn’t send out press releases announcing his donations, though he occasionally tweets about them. Tesla doesn’t typically respond to press inquiries (it did not for this story), and there’s no contact information listed on Musk’s foundation’s bare-bones website. The Tesla stock donation was revealed in an SEC filing Monday that described the donated shares as a gift “to charity,” but didn’t specify which one.

.https://www.marketwatch.com/story/elon-musks-5-7-billion-secret-why-we-may-never-find-out-who-benefited-from-his-tesla-stock-donation-11645050146
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‘You should publicly announce where the money is going to’: Elon Musk gave $5.7 billion in Tesla stock to charity, but the beneficiaries may forever remain a secret

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