According to the NYT, Musk's charity has increasingly fallen behind on payments despite possessing some $9 billion in assets today. It was $41 million short in 2021, $234 million in 2022, and is now approaching half a billion this year.
"The distributions made by the foundation are meeting the bare minimum to avoid penalties," Brian Mittendorf, an accounting professor at the Ohio State University, told the NYT. "It is clear that the organization is not in a hurry to spend its money."
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