Apple CEO Tim Cook donated more than 6,000 shares of AAPL to an undisclosed charity in the past week, according to a new Securities and Exchange Commission report. These shares, based on the closing price of Apple shares on that day, are valued at nearly $ 2 million.
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According to the SEC file, Cook donated 6,880 AAPL shares to a charity on December 27, 2019. At the time of negotiation, these shares would have been worth $ 1.99 million. With Apple’s surge at the end of the year, that same number of shares is now worth $ 2.06 million.
Business owners are not required to publicly report the recipient of a charitable donation, but are only required to disclose the act of transfer. Thus, we do not know the specific charity to which Cook donated the $ 2 million.
Cook has made personal donations to several different charities in the past. In 2014, he donated to a campaign for LGBT equality. He regularly donates AAPL shares similar to undisclosed charities. As a business, Apple donates to things like disaster relief efforts, PRODUCT (RED), and more.
Cook currently controls 847,969 shares of AAPL, valued at over $ 254 million. In an interview in 2015, Cook said he plans to donate all of his wealth through a “systematic approach” to donations. At the time, he said he had started donating money “quietly,” but did not reveal details.
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