For the third year in a row, Elon Musk's charitable foundation did not give away enough of its money, falling $421 million short of its required distribution.
By law, all private foundations must give away 5 percent of their assets every year, aimed at ensuring wealthy donors like Musk aid the public.
Musk's foundation, which has over $9 billion in assets, has consistently failed to meet its charitable distribution requirements, falling short significantly in recent years.
If private foundations do not give away enough money, they can make it up in subsequent years, an option Musk might consider for 2024.
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