Elon Musk donates nearly $5 billion of Tesla stock to charity 2022

A recent Tesla filing with the Securities and Exchange Commission (SEC) revealed that the company’s CEO, Elon Musk, has donated more than $5 billion of Tesla stock to charity. The ownership disclosure filing was published on the SEC website earlier this month.

Elon Musk Tesla Logo

Above: Elon Musk during a presentation (Source: Steve Jurvetson via Flickr) [CC BY 2.0]Original image modified by Iqtidar Ali / TeslaOracle.com)

The Form 5 filing shows that Elon Musk transferred a total of 5,044,000 shares of Tesla’s common stock to a trust. These shares were transferred in 5 transactions as listed below. All these transactions were completed in November 2021.

Elon Musk donates $5 billion from Tesla (TSLA) stock to charity.

Above: List of installments of Elon Musk’s $5 billion donation from Tesla stock (Source: SEC Filing OMB Number 3235-0362)

Since no specific donation is mentioned in the SEC filing, it is possible that it could be money. Musk Foundation. The Musk Foundation website lists the following areas where it uses its grants: renewable energy research and advocacy, human space exploration research and advocacy, pediatric research, science and engineering education, and secure artificial intelligence to benefit humanity. the development of.

Due to the fact that Tesla’s share price fluctuates, the amount of this donation has soared above and below the $5 billion mark. Regardless, it is one of the largest donations made by a single person in history.

Screenshot of SEC filing details $5 billion donation by Elon Musk

Above: Screenshot of an SEC filing detailing a $5 billion donation by Elon Musk (source: SEC filings OMB number 3235-0362)

At the time these donation installments were going to charity, Elon Musk was drawing media attention for not paying taxes on unrealized gains (on Tesla stock). However, Elon Musk announced that he was going to sell about 10% of his Tesla shares to pay more than $11 billion in taxes in 2021.

Twitter: Elon Musk

A total of $11 billion in taxes and $5 billion in charities makes Elon Musk one of the top individual contributors to the US economy.

Last year, the Musk Foundation also gave two big grants. donated $5 million to Khan Academy $50 million for Inspire 4 civilian space missions to make education accessible to all Fundraising for St. Jude Children’s Research Hospital

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