Apple CEO Tim Cook recently donated 23,215 shares of Apple stock to charity, according to a filing with the U.S. Securities and Exchange Commission released today. At the stock's current closing price of $215.04, Cook's donation is worth close to $5 million.
The SEC filing does not disclose the charity that Cook donated the shares to, as executives are not required to divulge that information.
In the past, Cook has said that he plans to give away all his wealth. In a 2015 Fortune interview, for example, Cook said that he had already begun donating money quietly, but that he had plans to develop a "systematic approach to philanthropy."
Following the charitable donation, Cook continues to own 878,425 shares of Apple stock, worth almost $189 million.
Top Rated Comments
Before complaining, I'm sure people will also include how many million they donated recently.
Tax bracket/heaven. Tax deduction. Curious how often he does this?
Sure he’s stated he’d give away all his wealth - but how much does he need to sustain living comfortably without worry and for his family when and if he hoses to have one of his own - or if he already does.
Why wait this long thus far? Why not donate systematically already? He’s got plenty of travel time and hangs with the Gates’ and many others to know exactly where it’ll benefit the most needful.
That’s my take on all this: tax break, tax bracket haven. Until such time he does this systematic donation.