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.