THE FOUNDATION
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THE FOUNDATION is a nonprofit organization focused on advancing elementary and secondary education through the establishment of high-quality STEM schools. With an operating budget of $85.6K and total revenue of $138.3M for the 2024 filing year, the organization demonstrates significant financial scale and support from multiple funders, none of which contribute 50% or more of its revenue. More information about their initiatives can be found on their website at www.adastraschool.org.
Mission Statement
TO CREATE SCHOOLS DEDICATED TO STEM EDUCATION AT THE HIGHEST LEVELS.
Cause Areas
1
Elementary and secondary education
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
MUSK FOUNDATION
$397.1M
11%
ACC FOUNDATION
$18.9K
2%
Frequently Asked Questions
What is THE FOUNDATION’s budget?
In 2023, THE FOUNDATION reported an annual operating budget of around $25 thousand. More detailed financial information is available to registered users.
What causes does THE FOUNDATION support?
THE FOUNDATION supports work in Elementary and secondary education.
Where does THE FOUNDATION operate?
THE FOUNDATION is headquartered in Austin, TX.
Who funded THE FOUNDATION recently?
In 2025, THE FOUNDATION received grants from THE DAVID AND SUSAN STRAUSS FOUNDATION, MUSK FOUNDATION, and MUSK FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THE FOUNDATION received in 2023?
The largest grant to THE FOUNDATION in 2023 exceeds $34.8 million.