section_path: Wealth/Musk Foundation
section_name: Musk Foundation
paragraph_text: Musk Foundation
  
  Musk is president of the Musk Foundation he founded in 2001, whose stated purpose is to provide solar-power energy systems in disaster areas, with an interest in human space exploration, pediatrics, renewable energy, and "safe artificial intelligence". From 2002 to 2018, the foundation donated nearly half of its $25 million directly to Musk's OpenAI. The foundation's assets reached $9.4 billion by the end of 2021, but it only dispensed $160 million to charities that year.
  
  The Musk Foundation has been criticized for its "self-serving" donations to efforts close to Musk's family and companies, as well as its low payout ratio. In 2021, after Musk challenged World Food Programme director David Beasley to draft a plan to use money of Musk's that Beasley said could contribute to ending world hunger, Musk instead donated the $6 billion in question to his own foundation even after Beasley's plan showed that the money could feed 42 million people for a year.
  
  Musk is president of the Musk Foundation he founded in 2001, whose stated purpose is to provide solar-power energy systems in disaster areas, with an interest in human space exploration, pediatrics, renewable energy, and "safe artificial intelligence". From 2002 to 2018, the foundation donated nearly half of its $25 million directly to Musk's OpenAI. The foundation's assets reached $9.4 billion by the end of 2021, but it only dispensed $160 million to charities that year.
  
  The Musk Foundation has been criticized for its "self-serving" donations to efforts close to Musk's family and companies, as well as its low payout ratio. In 2021, after Musk challenged World Food Programme director David Beasley to draft a plan to use money of Musk's that Beasley said could contribute to ending world hunger, Musk instead donated the $6 billion in question to his own foundation even after Beasley's plan showed that the money could feed 42 million people for a year.