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Apple CEO Tim Cook Plans to Give All His Money to Charity

Apple CEO Tim Cook Plans to Give All His Money to Charity

Posted March 27, 2015 at 3:07pm by iClarified
Apple CEO Tim Cook has revealed that he plans to donate all his money to charity, reports Fortune.

To Cook, changing the world always has been higher on Apple’s agenda than making money. He plans to give away all his wealth, after providing for the college education of his 10-year-old nephew. There should be plenty left over to fund philanthropic projects. Cook’s net worth, based on his holdings of Apple stock, is currently about $120 million. He also holds restricted stock worth $665 million if it were to be fully vested. Cook says that he has already begun donating money quietly, but that he plans to take time to develop a systematic approach to philanthropy rather than simply writing checks.

Cook has already been involved in a lot of charity work both personally and at Apple. He donated donated money to help fund a gay rights campaign in Alabama, Arkansas, and Mississippi. He's worked with Charitybuzz to raise money for RFK Center. He helped Apple raise $20 million in just one quarter for PRODUCT (RED).


Cook also approved donations to local hospitals and instituted a program where Apple will match charitable donations from its employees.

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Apple CEO Tim Cook Plans to Give All His Money to Charity
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Comments (12)
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Exactly
Exactly - March 29, 2015 at 10:55am
Bro!
Leo D'silva
Leo D'silva - March 27, 2015 at 6:50pm
Hello Mr.Cook Mr.Cook I know what you have done is really remarkable and I can say truly remarkable. What you are doing is something I really admire. I hope God blesses people with such open hearts. I hope some of your charities include pre mature babies also. Our baby is also pre mature and god knows what me and my wife are going through. Once again keep up the good work and god bless !!
Tim Cook
Tim Cook - March 28, 2015 at 6:22pm
Thank you for your appropriations! - Tim Cook
stevenlacross
stevenlacross - March 27, 2015 at 5:50pm
How do you donate donated money?
Jesus God
Jesus God - March 27, 2015 at 4:59pm
The Jews.
dk2013
dk2013 - March 27, 2015 at 6:50pm
How about a gay jew?
Q.
Q. - March 28, 2015 at 9:09pm
How about a gay black jew?
justabrake
justabrake - March 27, 2015 at 3:28pm
Start with the environment that Apple products hurt !
dk2013
dk2013 - March 27, 2015 at 3:27pm
I've always been torn on the issue of corporate philanthropy. On the one hand I find it morally admirable, when it's not blatantly just politically expedient. On the other hand, I think it should be the shareholders that donate their proceeds rather than the company. If I own shares in McDonalds, why is it ok for the company to give away part of my profits, but not for one of their cashiers to give away free Big Macs to people that she things are needy? In any case, better err on the side of generosity than greed, so kudos to Tim and Apple.
Butterspider
Butterspider - March 27, 2015 at 3:33pm
I agree with you there. Plus, to add to that, if they have that much money to give away... Why not drip the prices of their products???? Essentially they ate giving away part of MY money and every other apple owners' to a charity we might not deem of the most important or needy. Just sayin,....
1
George Papadopoulos
George Papadopoulos - March 27, 2015 at 8:09pm
I will say something a bit different instead of drop the price why not giving the poor people who making the product a more respective salary to live like normal humans and not like slaves.
hamood_d10
hamood_d10 - March 27, 2015 at 3:11pm
i need 3 milion lol
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