Mikey Campbell
An SEC filing posted Friday reveals Apple CEO Tim Cook donated 50,000 shares of Apple stock worth more than $6.56 million to an unspecified charity, the latest gift in a flurry of philanthropic activity rarely seen with company executives.
According to the Form 4 filing, Cook's gift was executed on Thursday with 50,000 shares of directly owned stock transferred to an unspecified organization. The Apple chief is obliged to disclose movement of owned shares, but is not required to publicly report the transaction's recipient.
Apple did not immediately respond to AppleInsider's request for comment.
Since taking the reins at Apple, Cook has been an active proponent of giving, most recently auctioning off a one-on-one lunch and tickets to an Apple keynote event through online auction service CharityBuzz. Proceeds of that sale went to the Robert F. Kennedy Center for Justice & Human Rights. A similar charity auction went for $330,000 last year.
This week's contribution follows a December donation to the Human Rights Campaign's Project One America, which focuses on promoting LGBT rights in the U.S. South.
In March, Cook said he plans to give a bulk of his fortune — currently floating at around $1 billion — away to charity in what he called a "systematic approach" to philanthropy.
Andrew Orr
Amber Neely
William Gallagher
Christine McKee
AppleInsider Staff
52 Comments
Nice, Tim.
Nice, Tim.
I hoped he picked the one with minimal admin overhead and not scammers like this: http://www.businessinsider.com/small-amount-of-money-from-pink-nfl-merchandise-goes-to-breast-cancer-research-2013-10
Very generous!
[quote name="jason98" url="/t/186486/apple-ceo-tim-cook-donates-6-56m-to-charity#post_2728829"] I hoped he picked the one with minimal admin overhead and not scammers like this: [URL=http://www.businessinsider.com/small-amount-of-money-from-pink-nfl-merchandise-goes-to-breast-cancer-research-2013-10]http://www.businessinsider.com/small-amount-of-money-from-pink-nfl-merchandise-goes-to-breast-cancer-research-2013-10[/URL] [/quote] I'm not sure what you are whining about here, that is an awfully nice chunk of change for each $100 item. It is far far better than the almost non existent amount of good done with other programs. This is hardly a scam! Beyond that you need to consider the visibility that the NFL brings to the problem which is extremely valuable. Breast cancer is a horrible illness that strikes far to early, as such helping research is important. If the NFL can help with that research and keep the issue in the public mind all the better. To characterize this as a scam is asinine, I'm really hoping that you don't think they should be giving this stuff away for free.
He’s not married as far as we know. We don’t know if he has a partner or children. So what else is he going to do with his money?