OPINION: It’s no secret that the area around X’s Market Street headquarters is a pulsing heart of need.
We’ve all felt it — that moment when you fall in love with The City, when it becomes a part of you. The late Tony Bennett gave us an unforgettable song, “I Left My Heart in San Francisco,” about the phenomenon.
Now, Musk is urging other employers to come back to The City’s downtown and bring their workers with them. And he vowed not to move X headquarters out of San Francisco. Once the Musk Foundation starts giving the 5% of its assets a year that the tax code requires — that would be roughly $570 million, including the more recent donations Musk made — it would instantly launch into the top 10 largest grantmakers, according to The Grantsmanship Center, ahead of Bay Area philanthropic institutions like the Hewlett and Packard foundations.
It’s no secret that the area around X’s Market Street headquarters is a pulsing heart of need. One-third of the Tenderloin’s residents live below the poverty line, and it’s also host to many of The City’s burgeoning open-air drug markets.
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