Elon Musk - Philanthropy

Philanthropy

Musk is Chairman of the Musk Foundation, which focuses its philanthropic efforts on science education, pediatric health and clean energy. He is a trustee of the X Prize Foundation, promoting renewable energy technologies. He sits on the boards of The Space Foundation, The National Academies Aeronautics and Space Engineering Board, The Planetary Society, and Stanford Engineering Advisory Board. Musk is also a member of the board of trustees of the California Institute of Technology (Caltech).

He began a multi-million dollar program through his foundation in 2010 to donate solar power systems for critical needs in disaster areas. The first such solar power installation occurred on a hurricane response center in Alabama that had been neglected by state and federal aid. To make it clear that this was not serving Musk's commercial interests, SolarCity noted that it had no present or planned business activity in Alabama.

Musk had plans for a "Mars Oasis" project in 2001, which would land a miniature experimental greenhouse on Mars, containing food crops growing on Martian regolith. He put this project on hold when he came to the conclusion that the fundamental problem preventing humanity from becoming a true spacefaring civilization was the lack of advancement in rocket technology. He has sought to address this by founding SpaceX to create revolutionary new interplanetary rockets.

His long term goal is to help humanity through SpaceX by creating a true spacefaring civilization. Musk's philosophy and description of what is needed to solve the problem are provided in the IEEE podcast "Elon Musk: a founder of Paypal, Tesla Motors, and SpaceX" and article "Risky Business."

Musk joined The Giving Pledge in April 2012, offering a moral commitment to donate the majority of his fortune to philanthropy. Musk became a member of the campaign first popularized by Warren Buffett and Bill Gates with a class of 12 of America’s wealthiest families and individuals, which included Arthur Blank and Michael Moritz.

Car blog Jalopnik reported on August 16, 2012 that Musk was supporting an effort by Matthew Inman of The Oatmeal to preserve the site of Nikola Tesla's lab and turn it into a museum, the Tesla Science Center at Wardenclyffe.

Read more about this topic:  Elon Musk

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Famous quotes containing the word philanthropy:

    I shall not be forward to think him mistaken in his method who quickest succeeds to liberate the slave. I speak for the slave when I say that I prefer the philanthropy of Captain Brown to that philanthropy which neither shoots me nor liberates me.
    Henry David Thoreau (1817–1862)

    Almost every man we meet requires some civility,—requires to be humored; he has some fame, some talent, some whim of religion or philanthropy in his head that is not to be questioned, and which spoils all conversation with him. But a friend is a sane man who exercises not my ingenuity, but me.
    Ralph Waldo Emerson (1803–1882)

    ... the hey-day of a woman’s life is on the shady side of fifty, when the vital forces heretofore expended in other ways are garnered in the brain, when their thoughts and sentiments flow out in broader channels, when philanthropy takes the place of family selfishness, and when from the depths of poverty and suffering the wail of humanity grows as pathetic to their ears as once was the cry of their own children.
    Elizabeth Cady Stanton (1815–1902)