tim cook headshot glassesApple 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

OldSchoolMacGuy Avatar
56 months ago
That was nice of him.

Before complaining, I'm sure people will also include how many million they donated recently.
Score: 44 Votes (Like | Disagree)
edenwaith Avatar
56 months ago
I believe the keystone of Tim Cook and Apple under his leadership is that of a much more empathetic and compassionate than that during the time of Jobs. We fondly look back through nostalgic glasses when Jobs was the CEO, and where he succeeded as a businessman, he often fell short as a human who could empathize and relate to other people.
Score: 14 Votes (Like | Disagree)
Kaibelf Avatar
56 months ago
Lol.

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.
You sure do have a lot of questions about someone else’s money and what they choose to do with it, when and why. How often do you give? How much? What percentage of your net income is that? Why not more? Why not earlier? What’s in your will and why are certain people your beneficiaries? What is your credit score and why?
Score: 13 Votes (Like | Disagree)
Carnegie Avatar
56 months ago
Is Cook’s salary $1/year?

Or was that Jobs? I forget.
Mr. Jobs’ cash salary was only $1 a year, but he was highly compensated as Apple’s CEO. He received more than $600 million worth of Apple stock (minus tax wothholding) as compensation for being Apple’s CEO.
Score: 11 Votes (Like | Disagree)
DeepIn2U Avatar
56 months ago
That was nice of him.

Before complaining, I'm sure people will also include how many million they donated recently.
Lol.

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.
Score: 8 Votes (Like | Disagree)
rafark Avatar
56 months ago
That was nice of him.

Before complaining, I'm sure people will also include how many million they donated recently.
That's irrelevant. If we compare it to the % of earnings it's not much different to what non-millionare people have donated.
Score: 8 Votes (Like | Disagree)

Popular Stories

maxresdefault

Can't Get an iPhone 14 Pro? Here's Why You Should Wait for the iPhone 15 Ultra

Monday December 5, 2022 11:44 am PST by
Due to production issues at Apple supplier factories in China, the iPhone 14 Pro and iPhone 14 Pro Max are backordered and basically out of stock at every store. If you were planning to gift or receive an iPhone 14 Pro model for the holidays and didn't already get one, you're basically out of luck because they're gone until late December. Subscribe to the MacRumors YouTube channel for more ...
iPhone Measure Height

Newer iPhones Allow You to Measure Someone's Height Instantly — Here's How

Saturday December 3, 2022 10:23 am PST by
iPhone 12 Pro and Pro Max, iPhone 13 Pro and Pro Max, and iPhone 14 Pro and Pro Max models feature a LiDAR Scanner next to the rear camera that can be used to measure a person's height instantly in Apple's preinstalled Measure app. To measure a person's height, simply open the Measure app, point your iPhone at the person you want to measure, and make sure they are visible on the screen from...
General iOS 16 Feature Yellow

iOS 16.2 for iPhone Launching This Month With These 8 New Features

Thursday December 1, 2022 8:44 am PST by
Apple plans to publicly release iOS 16.2 for the iPhone in mid-December, according to Bloomberg's Mark Gurman. The update remains in beta testing for now, with at least eight new features and changes already uncovered so far. iOS 16.2 introduces a number of new features, including Apple's new whiteboard app Freeform, two new Lock Screen widgets for Sleep and Medications, the ability to hide...
14 vs 16 inch mbp m2 pro and max feature 1

Major RAM Upgrade Coming to Next-Generation MacBook Pro

Friday December 2, 2022 2:03 am PST by
The next-generation MacBook Pro models could feature faster RAM, according to a recent report from a reliable source. MacRumors Forums member "Amethyst," who accurately revealed details about the Mac Studio and Studio Display before those products were announced, recently provided information about Apple's upcoming 14- and 16-inch MacBook Pro models. The new machines are expected to feature...
iOS 16

When Will iOS 16.2 Be Released?

Friday December 2, 2022 2:13 pm PST by
Apple in late October began testing iOS 16.2 and iPadOS 16.2 updates, providing betas to both developers and public beta testers. As of now, we've had four total betas, with the fourth beta having been released earlier this week. iOS 16.2 and iPadOS 16.2 are expected before the end of the year, and we thought we'd try to narrow down the launch timeline. With only four betas released since...
apple ar headset concept 1

Kuo: Apple Headset Shipments Potentially Delayed Until Second Half of 2023

Sunday December 4, 2022 7:38 am PST by
Mass shipments of Apple's long-rumored AR/VR headset may be delayed until the second half of 2023 due to unspecified "software-related issues," according to the latest information shared today by tech analyst Ming-Chi Kuo. Apple headset render by Ian Zelbo Kuo said mass shipments of components for the headset are still likely to begin in the first half of 2023, but he believes that mass...
iPhone 14 Pro Purple Side Perspective Feature Purple

iPhone 15 Pro Rumored to Have These 5 Exclusive Features

Saturday December 3, 2022 10:55 am PST by
While we're still around nine months away from Apple unveiling the iPhone 15 lineup, rumors already suggest that the higher-end Pro models will have even more exclusive features than usual compared to the standard models next year. There are currently at least five features rumored to be exclusive to iPhone 15 Pro models:A17 chip: iPhone 15 Pro models will be equipped with an A17 Bionic...
nothing phone 2

Nothing Plans to Launch Smartphone in US to Take on Apple's iPhone

Monday December 5, 2022 12:38 am PST by
UK-based tech company Nothing plans to launch a smartphone in the US to directly compete with Apple's iPhone, according to a new report out today. In an interview with CNBC, Nothing CEO Carl Pei said the startup is in "early conversations" with American cellular carriers about launching a new phone in the US, but he stopped short of naming any of the carriers or the phone model. Nothing...
introducing apple music sing

Apple Music Adding a Karaoke Experience With Apple Music Sing

Tuesday December 6, 2022 7:09 am PST by
Apple today announced Apple Music Sing, a new feature in Apple Music that lets users sing their favorite songs with adjustable vocals and more. Apple Music Sing will utilize Apple Music's real-time lyrics to allow users to sing to their favorite songs using adjustable vocals, background vocals, and duet view to allow more than one singer.Apple Music Sing includes: Adjustable vocals: Users...