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

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.

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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.

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Top Rated Comments

Baymowe335 Avatar
49 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 Avatar
49 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 Avatar
49 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 Avatar
49 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 Avatar
49 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 Avatar
49 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)