Apple CEO Tim Cook Donates Nearly $5 Million in Stock to Charity

Apple CEO Tim Cook last week donated close to $5 million in Apple stock to an unnamed charity, according to an SEC filing shared today.

Cook donated a total of 23,700 shares worth over $4.89 million at Apple's current closing price of $206.49. There's no word on which charity Cook donated to, as the SEC does not disclose that information.

In the past, Cook has said that he plans to give away the vast majority of his wealth. In a 2015 interview with Fortune, Cook said he had already started donating money quietly and had plans to create a "systematic approach to philanthropy."

Cook at this same time last year also donated $5 million in stock to charity. Following the 2019 donation, Cook continues to own 854,849 shares of Apple stock worth over $176 million.

Tag: Tim Cook

Top Rated Comments

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adamjackson

12 weeks ago

5 million dollars given away and yet Macrumors comments still can't find anything positive to say.

Rating: 27 Votes

scottcampbell

12 weeks ago

Sorry, I missed a decimal point. I've fixed it now.

You catch a lot of grief for missing a single character. Thanks for all the work you put into this site.

Rating: 20 Votes

Sheza

12 weeks ago

Proofreading, this article needs it.

He's donated more than he now has...?

The amount donated in the headline, was actually donated this time last year...?

My best guess is you needed a decimal point, so: $4.89 million.

Rating: 14 Votes

mariusignorello

12 weeks ago

Some of you on here need to stop hating on money, people, and what they do with it. Be grateful he donated it, and it doesn’t matter how much of it.

And if he used it for a tax write off it’s absolutely none of your business. None. You would do the exact same if you were able to.

Good for Cook for using his money how he feels necessary.

Rating: 11 Votes

zunamo

12 weeks ago

Tax evasion 101

Rating: 7 Votes

StyxMaker

12 weeks ago

Tax evasion 101

This would be tax avoidance, which is legal, not tax evasion, which is illegal.

Rating: 5 Votes

jclo

12 weeks ago

the numbers in this article make no sense whatsoever

Sorry, I missed a decimal point. I've fixed it now.

Rating: 5 Votes

markaceto

12 weeks ago

Hope it was to put out the Amazon fires, and not some billionaire's "charity" / tax write-off.

Rating: 4 Votes

s15119

12 weeks ago

Tax evasion 101

Do you have anything to prove your libel?

WOW. Some Macrumors readers are so filled with hate and delusion, they are insulting and libeling Mr. Cook for giving money to charity. I seriously pity some of you.

Rating: 4 Votes

PickUrPoison

12 weeks ago

Tax evasion 101

Maybe in your country, but in the US, charitable deductions aren’t taxable.

Making donations is behavior that the government wants to encourage. If someone donates a million dollars, they might save 100-200k in taxes. So it really only costs them $800-900k—but the charity gets the full $1,000,000.

On the other hand, tax evasion is illegal. But giving money away? Not so much.

Rating: 4 Votes

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