Tim Cook donated 6,880 Apple shares to an undisclosed charity, his latest SEC file showed. The stocks are valued at around $ 2 million.
Tim Cook’s charitable donation
The date of the first transaction was indicated on December 27, 2019. On that day, the Apple share closed at $ 289.80 per share. As a result, Mr. Cook’s donation was valued at $ 1.99 million. At the close of trading yesterday, the stock was at an all-time high of $ 300.35 per share. This donated $ 2.07 million. Cook’s records did not disclose which charity received the donation, or make this information public.
Mr. Cook regularly donates to charitable causes. For example, he donated $ 5 million of Apple shares in August 2019. Again, the recipient of the donation remained unknown. Under his leadership, Apple also began to contribute to charity. The company recently pledged to donate to firefighting efforts in the Amazon and Australia.