Elon Musk’s charity donations use philanthropy as a tax haven – Quartz

Elon Musk is known for spending billions of dollars to build better electric cars and bigger rockets. Since 2008, the Tesla CEO has spent more than $80 billion just rolling out the electric carmakers first three models, according to public financial filings.
But when it comes to giving money away, the billionaire and head of the Musk Foundation is in a bit less of a hurry.
Founded in 2002 by Musk and his younger brother Kimbal, the Musk Foundation is a private 501(c)(3) nonprofit. Kimbal Musk …

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