Elon Musk, CEO of Tesla Motors, gifted $100 million toward the creation of a primary and secondary school as well as a university in Austin, according to tax filings from organization The Foundation.

What’s happening

According to the filing, the charity plans to create a primary and secondary school in Austin, with the expectation of enrollment beginning with 50 students. Once operational, the focus will shift to creating a university focused on science, technology, engineering and math. The university will seek accreditation from the Southern Association of Colleges and Schools Commission on Colleges.

The filing also states the schools are planned to be tuition-free, and if eventually tuition begins to be charged, students will be offered need-based scholarships.

The board of trustees for the school consists of Steven Chidester, Jared Birchall, Ronald Gong and Teresa Holland, per the filing.

Community Impact reached out to Tesla’s press contact as well as The Foundation and will update this article with any additional comments.