“For the third year in a row, Elon Musk’s charitable foundation did not give away enough of its money,” the New York Times reports.
“And it did not miss the mark by a small amount.”
“New tax filings show that the Musk Foundation fell $421 million short of the amount it was required to give away in 2023.
Now, Mr. Musk has until the end of the year to distribute that money, or he will be required to pay a sizable penalty to the Internal Revenue Service.”