Elon Musk planning new university in Austin

 

Elon Musk, who moved to Texas during the pandemic, is planning to start a university in Austin, according to tax filings for the billionaire’s latest charity called The Foundation, Paralel.Az reports citing Bloomberg.

The new institution, seeded with a roughly $100 million gift from Musk, will start with a STEM-focused primary and secondary school. Once that’s operating, it “intends ultimately to expand its operations to create a university dedicated to education at the highest levels,” according to an application to the Internal Revenue Service for tax-exempt status obtained by Bloomberg.

The charity, named The Foundation, "intends ultimately to expand its operations to create a university dedicated to education at the highest levels," according to the document. The university would apply for accreditation with the Southern Association of Colleges and Schools Commission on Colleges, the document said.

A spokesperson for Musk did not immediately respond to a request for comment.

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