Payam Javan: Elon Musk plans to contribute $100 million to his charity, The Foundation, for the establishment of primary and secondary schools in Austin, Texas, focusing on STEM and physics education, as per a 2022 tax filing seeking tax-exempt status.

The filing outlines the school’s commitment to providing formal instruction and curriculum, utilizing both traditional and distance education methods.

The institution aims to prioritize accessibility, stating that financial support will be offered to admitted students based on available resources. The school is in the process of hiring staff and anticipates an initial enrollment of around 50 students, with plans for expansion over time.