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

Monday August 24, 2020 4:13 pm PDT by Juli Clover

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

Cook donated a total of 10,715 shares worth $5.4 million at Apple's current closing price of $503.43. The SEC filing does not include details on where Cook donated his money.

Every year in August, Cook donates right around $5 million worth of stock to charity, and in a 2015 interview, Cook said that he had plans to give away the vast majority of his wealth with a "systematic approach to philanthropy."

Following the donation, Cook continues to hold 837,374 shares of Apple stock worth $422 million.

Tag: Tim Cook

Top Rated Comments

Baymowe335

9 months ago

Hmmm. Isn’t this a tax break? He could always cash in the stock options and make a private donation that doesn’t require any public disclosure.

Ah yes, always cynical.

You know what a better tax break is? Just keep your $5mil.

Score: 19 Votes (Like | Disagree)

LizKat

9 months ago

Bottom line he doesn't have to part with a dime to charity, regardless of actual amounts, or the reasons for doing it or not doing it. So the fact that he does engage in philanthropy is a plus in my book.

Score: 19 Votes (Like | Disagree)

sw1tcher

9 months ago

Not really. $5M is a lot more than $1.

$5.4 million is ~ 0.54% of Tim Cook's $1 billion+ net worth ('https://www.macrumors.com/2020/08/10/tim-cook-net-worth-1-billion/').

Maybe GtrDude's net worth is $185 as $1 would be 0.54%

Score: 18 Votes (Like | Disagree)

Rogifan

9 months ago

Fantastic.
Very nice of him.
This is probably as if I were to donate a dollar.
But nice anyway.

Not really. $5M is a lot more than $1.

Score: 14 Votes (Like | Disagree)

Williesleg

9 months ago

I wish he would start building things in the United States and innovating. He's no Steve Jobs, that's for sure.

Score: 9 Votes (Like | Disagree)

russell_314

9 months ago

You have to love people. Tim Cook donates five mil and they're like why not a hundred mil. If he donated a hundred mil they would say why not a bill ?‍♂️

Score: 6 Votes (Like | Disagree)

Read All Comments

Top Stories

Apple Event Live Coverage: New iPads, AirTags, and More Expected [Event Over]

Tuesday April 20, 2021 9:07 am PDT by Eric Slivka

Apple's virtual "Spring Loaded" event kicks off today at 10:00 a.m. Pacific Time, with Apple expected to debut updated iPad models and perhaps some other hardware such as AirTags or iMac models based on Apple silicon. Apple is providing a live video stream on its website, on YouTube, and in the company's TV app across its platforms. We will also be updating this article with live blog...

Read Full Article • 874 comments

Apple Announces Redesigned iMac With M1 Chip and Seven Color Options

Tuesday April 20, 2021 10:22 am PDT by Hartley Charlton

Apple has announced a new, redesigned 24-inch iMac, featuring an M1 chip, a 4.5K display, and a range of color options, as well as an improved cooling system, front-facing camera, speaker system, microphones, power connector, and peripherals. The new iMac features a completely new compact design, and comes in a range of seven striking colors, including green, yellow, orange, pink, purple,...

Read Full Article • 1162 comments

New Images Show Smaller iPhone 13 Notch Compared to iPhone 12

Saturday April 17, 2021 11:38 pm PDT by Tim Hardwick

Leaker known as "DuanRui" has shared more images that could give us our best look yet at Apple's redesigned notch for the iPhone 13. The new pictures follow similar images shared by the leaker last week, but the latest shots include a comparison with the existing iPhone 12 notch. DuanRui posted three images on Twitter that apparently originate from Weibo, although source details remain...

Read Full Article • 174 comments

Apple Launching iPhone 12 and 12 Mini in New Purple Color on April 30

Tuesday April 20, 2021 10:08 am PDT by Joe Rossignol

Apple today announced that the iPhone 12 and iPhone 12 mini will be available in a new purple color starting April 30, with pre-orders starting this Friday. Apple is also releasing a new MagSafe Leather Case and Leather Sleeve in Deep Violet, a Silicone Case in Capri Blue, Pistachio, Cantaloupe, or Amethyst, and a Leather Wallet in Arizona, all available to order beginning today. iPhone...

Read Full Article • 64 comments

Apple Announces AirTag Tracking Devices Starting At $29 Each

Tuesday April 20, 2021 10:10 am PDT by Tim Hardwick

Apple today announced AirTag, a Tile-like Bluetooth tracking device that's designed to be attached to items like keys and wallets for tracking purposes, letting you find them right in the Find My app. AirTags are accessories for attaching to backpacks, luggage, and other items. Any U1 device like the iPhone 12 can be used for precision finding to guide you right to the item you're looking...

Read Full Article • 220 comments

New 12.9-Inch iPad Pro Will Be 0.5mm Thicker to Accommodate Mini-LED Display

Monday April 19, 2021 11:30 am PDT by Juli Clover

The upcoming 12.9-inch iPad Pro will be thicker than the previous-generation version, likely due to the inclusion of the mini-LED display. We've heard several rumors about the change in thickness, and now leaked design images have confirmed it. A source that designs accessories for Apple devices sent MacRumors a series of photos that feature exact dimensions for the new iPad Pro models, and...

Read Full Article • 241 comments

Apple Introduces Next-Generation iPad Pro With M1 Chip, Thunderbolt, 5G, XDR Display, and More

Tuesday April 20, 2021 10:40 am PDT by Joe Rossignol

Apple today announced the next-generation iPad Pro with the same M1 chip found in the latest Macs, Thunderbolt and USB4 support, 5G connectivity on cellular models with mmWave support in the United States, and more. With an 8-core CPU and 8-core GPU, Apple says the M1 chip in the new iPad Pro provides up to 50% faster performance and up to 40% faster graphics compared to the A12Z Bionic chip ...

Read Full Article • 279 comments

Wedbush Analysts Say 'Spring Loaded' Event Will Debut New iPads With 'Modest Price Increase,' Along With 'a Few Surprises'

Monday April 19, 2021 6:37 am PDT by Hartley Charlton

Apple is planning to launch a new entry-level iPad, iPad mini, and iPad Pro at its "Spring Loaded" event tomorrow, along with "a few surprises," according to Wedbush analysts. In a new note to investors, seen by MacRumors, Wedbush analysts Daniel Ives and Strecker Backe explained that the iPad will be the main focus of Apple's "Spring Loaded" event, with new entry-level iPad, iPad mini, and ...

Read Full Article • 187 comments

Reliable Leaker Hints Redesigned Colorful iMac to Debut at 'Spring Loaded' Event

Saturday April 17, 2021 4:43 am PDT by Sami Fathi

Reliable leaker known as l0vetodream has hinted that Apple may debut its rumored redesigned and colorful iMac at its "Spring Loaded" event on Tuesday, April 20. In a tweet, the leaker posted an image of Apple's logo used for marketing the upcoming event and an image of the retro rainbow Apple logo alongside the colorful lineup of G3 iMacs. Apple leaker Jon Prosser previously reported that...

Read Full Article • 298 comments