Elon Musk has already donated 100M USD towards this initiative through his charity called THE FOUNDATION.

Tax filings show and document this.

Elon Musk has proposed the Texas Institute of Technology and Science (TITS) in Austin, Texas, initially mentioned in a 2021 tweet. Besides being a proposed educational institution specializing in STEM subjects with practical learning experiences, TITS is also a meme coin on the Ethereum Blockchain dedicated to preserving Musk's vision. This private university seeks accreditation from the Southern Association of Colleges and Schools Commission on Colleges, attracting mixed reactions.