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Apple CEO Tim Cook gives 50,000 of his Apple shares to an undisclosed charity

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Tim Cook: Apple CEO
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Apple CEO Tim Cook continues to make good on his public vow to make regular donations to charities, and in doing so further differentiates him from former company leader Steve Jobs. A Friday filing with the U.S. Securities and Exchange Commission (SEC) reveals that Cook donated 50,000 of his AAPL shares to an undisclosed charity. At today’s stock price, that’s equivalent to about $6.5 million.

The CEO of the world’s most valuable brand did not sell any shares for his own personal gain in addition to his donation of Apple shares, notes 9to5Mac.

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“This transaction represents a charitable donation by the reporting person. No shares were sold,” according to the SEC filing, which also notes that the shares are held through Cook’s trust.

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Cook, recently named the “World’s Greatest Leader” by Fortune magazine, made a public donation to Project One America in December. The campaign focuses on LGBT equality in Alabama, Arkansas, and Mississippi.

Back in late March, a Fortune magazine profile highlighted Cook’s plans to make systematic donations to philanthropic projects. The profile also noted that Cook’s first personal-finance priority is to take care of his 10-year-old nephew’s college fees.

At the time, Cook’s net worth based on his holdings of Apple stock was about $120 million. He also held restricted stock worth $665 million if it were fully vested.

Shortly after taking on the role as Apple’s CEO, Cook instituted a matching program for donations made by Apple employees.

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Jason Hahn
Jason Hahn
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Jason Hahn is a part-time freelance writer based in New Jersey. He earned his master's degree in journalism at Northwestern…
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