Tim Cook donates $ 2 million to an unnamed charity


According to a file from the United States Securities and Exchange Commission on Thursday, Cook completed the transaction on December 27, when Apple shares were priced at $ 289.80. No stock was sold and no declaration price was applied to the transfer, which means that the exact amount given by Cook will probably remain unknown.

Executives of publicly traded companies are not required to disclose the destination of charitable donations, but Cook has made donations to Human Rights Caign’s One America Project, a gay rights initiative, in the past. In 2014, the Apple chief donated hundreds of thousands of dollars to the Steel Valley School District of Pennsylvania, a gift that funded the purchase of iPads for students and teachers.

Cook regularly participates in philanthropic activities such as the auction of individual meetings via CharityBuzz. In 2014, for example, a lunch with Cook at Apple headquarters sold for $ 330,000. Proceeds from online sales are generally donated to the Robert F. Kennedy Center for Justice Human Rights.

Like other tech executives – although not multi-billion – Cook pledged to donate a large portion of his money to charities and, in 2015, said he plans to take a “systematic approach “of philanthropy.

In addition to the donation announced today, Cook has made similar donations to unspecified organizations in recent years. He donated 50,000 Apple shares to an unidentified third party in 2015, 23,215 shares in 2018 and 23,700 shares in 2019.

Following last week’s transaction, Cook controls 847,969 fully-owned Apple shares, which to date are worth $ 256.5 million.

We will be happy to hear your thoughts

      Leave a Reply

      AppleiPhonestop - Apple iPhone News and Rumours All Day
      Login/Register access is temporary disabled
      Compare items
      • Laptops (0)
      Compare
      0