RichVintage GOOG stock: Previous thesis and new catalysts I last analyzed Alphabet Inc. aka Google ( NASDAQ: GOOG ), ( NASDAQ: GOOGL ) on October 25, 2024. My last article, titled “ Google Q3 Preview : Buy And Forget At $165,” provided As you can tell, our core style is to provide actionable and unambiguous ideas from our independent research. If your share this investment style, check out Envision Early Retirement. It provides at least 1x in-depth articles per week on such ideas. We have helped our members not only to beat S&P 500 but also avoid heavy drawdowns despite the extreme volatilities in BOTH the equity AND bond market. Join for a 100% Risk-Free trial and see if our proven method can help you too. Envision Research, aka Lucas Ma, has over 15+ years of investment experience and holds a Masters with in Quantitative Investment and a PhD in Mechanical Engineering with a focus on renewable energy, both from Stanford University. He also has 30+ years of hands-on experience in high-tech R&D and consulting, housing sector, credit sector, and actual portfolio management. He leads the investing group Envision Early Retirement along with Sensor Unlimited where they offer proven solutions to generate both high income and high growth with isolated risks through dynamic asset allocation. Features include: two model portfolios - one for short-term survival/withdrawal and one for aggressive long-term growth, direct access via chat to discuss ideas, monthly updates on all holdings, tax discussions, and ticker critiques by request. Analyst’s Disclosure: I/we have a beneficial long position in the shares of XLC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.BOISE, Idaho (AP) — LeJuan Watts had 20 points in Washington State's 74-69 victory against Boise State on Saturday night. Watts had 11 rebounds and six assists for the Cougars (8-2). Dane Erikstrup scored 14 points while shooting 6 for 10 (2 for 5 from 3-point range) and 0 of 3 from the free-throw line. Isaiah Watts had 12 points and shot 5 for 9, including 2 for 5 from beyond the arc. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get updates and player profiles ahead of Friday's high school games, plus a recap Saturday with stories, photos, video Frequency: Seasonal Twice a weekMusk’s foundation $421 million short its required donations in 2023

For the third year in a row, Elon Musk’s charitable foundation did not give away enough of its money. And it did not miss the mark by a small amount. New tax filings show that the Musk Foundation fell $421 million short of the amount it was required to give away in 2023. Now, Musk has until the end of the year to distribute that money, or he will be required to pay a sizable penalty to the IRS. Musk, in his new role as a leader of what President-elect Donald Trump is calling the Department of Government Efficiency, is promising to downsize and rearrange the entire federal government — including the IRS. But the tax records show he has struggled to meet a basic IRS rule that is required of all charity leaders, no matter how small or big their foundations. Musk’s is one of the biggest. His foundation has more than $9 billion in assets, including millions of shares in Tesla, his electric vehicle company. By law, all private foundations must give away 5% of those assets every year. The aim is to ensure that wealthy donors like Musk use these organizations to help the public instead of simply benefiting from the tax deductions they are afforded. Musk’s group has fallen further and further behind. In 2021, his foundation was $41 million short, then $234 million the following year. Now, the hole is deeper still. Private foundations do have a way to solve the problem if they do not give away enough money. They can distribute more the following year as a make-good. Musk could choose to do so in 2024. Musk did not respond to requests for comment. His foundation, which is required to make its tax filings public, provided the 2023 document to The New York Times. The IRS appears to be among Musk’s early targets as a leader of Trump’s government efficiency initiative. The tax agency serves as the federal government’s charity regulator and thus oversees Musk’s foundation. Last month, Musk used X, his social media platform, to ask users if the IRS’ budget should be increased, kept the same, decreased or “deleted.” His followers chose “deleted.” Musk, who on Wednesday became the first person with a net worth of over $400 billion, has been an unusual philanthropist. He has been critical of the effectiveness of large charitable gifts, and his foundation maintains a minimal, plain-text website that offers very little about its overarching philosophy. That is different from some other large foundations that seek to have national or even worldwide impact by making large gifts to causes like public health, education or the arts. The Musk Foundation’s largesse primarily stays closer to home. The tax filings show that last year the group gave at least $7 million combined to charities near a launch site in South Texas used by Musk’s company SpaceX. Other large charitable foundations have also failed to distribute the IRS’ minimum required amount in recent years, sometimes by more than $100 million, according to tax filings compiled by the company CauseIQ, which analyzes charity data. But Musk’s foundation is unusual even among those, both for the amount of its shortfall and the speed at which it is increasing. In 2022, the last year for which full data is available, the Musk Foundation had the fourth-largest gap of any private foundation in the country, according to CauseIQ data. Musk’s charity, which he founded in 2002, has never hired paid employees, according to tax filings. Its three directors — Musk and two people who work for his family office — all work for free. The filings show they did not spend very much time on the foundation: just two hours and six minutes per week for the past three years. But the board’s task grew enormously in 2021 and 2022, when Musk tripled the foundation’s assets by giving it billions of dollars’ worth of Tesla stock. Tax experts said if he claimed those donations on his personal taxes in the year given, those gifts would have been very beneficial to him. Because of the deductions allowed for charitable gifts, they potentially saved Musk as much as $2 billion on his tax bills. Because of the skyrocketing growth in assets, the three-person board had to give away hundreds of millions of dollars per year just to meet the minimum. That group entered 2023 needing to pay off the previous year’s $234 million shortfall, or it would have to pay a penalty tax of 30% on whatever was left at the end of the year. The foundation met that, giving away a total of $236 million and avoiding the penalty. But it also had to give away an additional $424 million to meet its obligation for 2023. The filings show it did not come close, leaving an even bigger deficit to make up this year. “The distributions made by the foundation are meeting the bare minimum to avoid penalties,” said Brian Mittendorf, an accounting professor at the Ohio State University who studies nonprofits. “It is clear that the organization is not in a hurry to spend its money.” In 2023, as in other years, many of the foundation’s gifts went to organizations that were closely tied to Musk or his businesses. In 2023, for instance, he gave $25 million to a donor-advised fund, a separate charitable account over which Musk retains effective control. Musk began donating to schools in the Brownsville, Texas, area just after his company’s reputation took a major hit: One of its rockets exploded, showering the area with twisted metal. The foundation’s largest gift for the year — $137 million in cash and stock — went to a nonprofit called The Foundation. That charity, run by Musk’s close associates, has set up a private elementary school in Bastrop, Texas. The school is a short distance from large campuses operated by Musk’s businesses and a 110-home subdivision planned for his employees. Related Articles Business | Australian Senate debates social media ban for under-16s Business | California commission that approves rocket launches is anti-Elon Musk, claims SpaceX lawsuit Business | SpaceX blasts past 100 launches in 2024 with 101st from California Business | Tesla Optimus bots were remotely operated at Cybercab event in Burbank Business | In engineering feat, SpaceX ‘arms’ catch Starship rocket booster back at launch pad Mittendorf noted that Musk gave that school $102 million on Dec. 28 — days before the deadline to give away the unspent millions from the year before. The Musk Foundation’s gifts for 2023 gave little hint of the political transformation that would follow this year, as he spent hundreds of millions of dollars to support Trump’s presidential campaign. Throughout 2023, Musk became increasingly right-wing in his public statements, especially on issues like crime and immigration. But his foundation’s only gift with an apparent political tilt was a small one: The Musk Foundation gave $100,000 to a libertarian think tank in Utah. This article originally appeared in The New York Times .Russell 2000, Dow, S&P 500 All Achieve Record Highs In Wall Street's Historic Day; Bitcoin, Gold Tumble: What's Driving Markets Monday? - Benzinga

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