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From: Philanthropy Today
Subject: Why a Merger Could Expand Your Impact
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Elon Musk donated $108 million worth of Tesla shares to multiple charities at the end of 2024, according to tax filings. The unnamed recipients have no plans to sell the 268,000 shares, the documents said. Musk, who Forbes estimates is worth $408.3 billion, made stock gifts worth billions in 2022 and 2021. Some of that went to his eponymous foundation, which counts the “development of safe artificial intelligence to benefit humanity” among its causes. (Reuters)
Many states that ban abortion have threadbare safety nets for families, and charities struggle to meet the need. In Tennessee, for example, Medicaid coverage has been precarious, with some unlawfully kicked out of a program that was not expanded as widely as envisioned under the Affordable Care Act. Facing their own challenges, nonprofits try to pick up the slack and connect clients to the limited government aid that is available. (Associated Press)
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