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Elon Musk Intends To Start University In Texas, According To Tax Filings

via CNBC
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Elon Musk plans to establish a university in Austin, Texas, with an initial focus on STEM education, supported by a $100 million donation.

The institution aims to ultimately expand into a full-fledged university.

The school will feature a traditional curriculum alongside hands-on learning experiences and is seeking accreditation. (Trending: Kid Rock Rages Against ‘Woke’ Target)

According to Bloomberg, “The new institution, seeded with a roughly $100 million gift from Musk, will start with a STEM-focused primary and secondary school.”

“Once that’s operating, it ‘intends ultimately to expand its operations to create a university dedicated to education at the highest levels,’ according to an application to the Internal Revenue Service for tax-exempt status obtained by Bloomberg,” added the outlet.

“The university will employ ‘experienced faculty’ and feature a traditional curriculum ‘alongside hands-on learning experience including simulations, case studies, fabrication/design projects and labs,’ according to the application, which was filed in October 2022 and approved in March. It will seek accreditation from the Southern Association of Colleges and Schools Commission on Colleges,” reported Bloomberg.

According to TIME, “Musk’s new STEM school was expecting an initial class of 50 students and looking to hire an executive director, teacher and administrator, according to the application. The Foundation’s trustees include Jared Birchall, head of Musk’s family office; Steven Chidester, a tax attorney at Withersworldwide; and Ronald Gong and Teresa Holland, who work at Catalyst Family Office in California.”

“The billionaire sent $2.2 billion worth of Tesla stock to his Musk Foundation in 2022. Along with donating nearly $100 million to seed his newest charity, it also made gifts to disaster relief nonprofit World Central Kitchen, Khan Academy and a donor advised fund at Fidelity Charitable, according to its most recent tax forms,” the outlet reported.

Musk has previous experience in starting schools and expressed interest in opening a university.

Additionally, he has made significant donations through his Musk Foundation and is also creating a town outside of Austin with facilities for employees of his companies.

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