In December 2023, tax records revealed that Musk had donated $100 million to a new foundation, "The Foundation", set up to create a primary and secondary school focused on teaching science, technology, engineering, and math (STEM) subjects.[10][11] The foundation included plans to expand the project to the university level accredited by the Southern Association of Colleges and Schools.[10] In 2022, Musk allocated Tesla, Inc. stock valued at $2.2 billion to The Foundation, as reported by Bloomberg.[2]
According to the report, the university intends to be tuition-free but may consider offering need-based scholarships in the future.[12] The university is expected to receive funding primarily through donations.[13]
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