Tag

Stock Donation

All articles tagged with #stock donation

business12 days ago•18 min saved

SpaceX stock gift to 2 million kids could turn into a future fortune

Gwynne Shotwell announced she and her husband would donate one share of SpaceX stock to each of more than two million children via Trump Accounts, focusing on 11-to‑17‑year‑olds in lower-income areas. At about $150 a share at the time, the donation was worth roughly $296 million, though the future value depends on SpaceX’s performance and market sentiment. President Trump praised the move. While a single share per child isn’t life‑changing by itself, it gives millions of youngsters an early stake in SpaceX, with potential upside if the stock appreciates over time.

via Yahoo Finance|

#business #gwynne-shotwell #spacex

politics12 days ago•7 min saved

Trump Applauds SpaceX Stock Gift to Trump Accounts Benefiting Millions of Children

President Trump publicly thanked SpaceX president Gwynne Shotwell and her husband for donating SpaceX stock to Trump Accounts, a tax-advantaged program seeded with Treasury funds to help more than 2 million American children in lower-income areas; the gift was valued at roughly $296–325 million depending on SpaceX’s share price, with Shotwell noting it would fund stock gifts for each eligible child and making her one of the program’s largest individual donors; Elon Musk’s donation status was not confirmed.

via Business Insider|

#gwynne-shotwell #politics #spacex

business15 days ago•2 min saved

SpaceX President Donates $320 Million in Stock to Trump Accounts for Kids

SpaceX president Gwynne Shotwell will donate about $320 million worth of SpaceX Class A stock to Trump Accounts serving more than 2 million children, largely in Texas; the gift equals roughly one-fifth of her SpaceX stake, and how the transfers will work is still unclear; Trump Accounts invest in index-tracking ETFs and SpaceX is set to join the Nasdaq-100 this week, with millions already enrolled.

via Semafor|

#business #gwynne-shotwell #philanthropy

business15 days ago•3 min saved

SpaceX Stock Gift Targets 2 Million Kids via Trump Accounts

SpaceX president Gwynne Shotwell said she and her husband will donate a SpaceX share for each of more than two million American children aged 11–17 in lower‑income areas through the Trump Accounts, a move valued at roughly $320 million at about $160 per share and tied to the Invest America program to seed accounts that convert to retirement accounts at age 18.

via Business Insider|

#business #gwynne-shotwell #invest-america

business15 days ago•1 min saved

SpaceX President Donates Stock to Trump Accounts for Kids

Gwynne Shotwell said she will donate SpaceX stock from herself and her husband to the Trump Accounts program, supporting about 2 million accounts and prioritizing children near central Texas; the gift follows Trump’s suggestion that Elon Musk might donate SpaceX stock to the program.

via CNBC|

#business #gwynne-shotwell #philanthropy

politics2 months ago•38 min saved

Stock Donations Could Fuel Trump Accounts With Generous Tax Breaks

Forbes reports that potential changes to the tax code could allow ultra-wealthy donors to contribute appreciated stock to Trump-linked accounts and receive substantial tax deductions, potentially enabling large political contributions with reduced tax liability.

via Forbes|

#campaign-finance #donor-advised-fund #politics

philanthropy2 years ago•1 min saved

"Michael Dell's Generous $350 Million Stock Gift Precedes Massive Windfall"

Tech billionaire Michael Dell has donated $350 million worth of Dell Technologies stock to his family foundation and other charitable funds he advises. This is his first donation of Dell shares since 2006 and his largest gift of the company's stock ever. Dell is set to receive over $20 billion in stock and cash when Broadcom acquires VMware later this month. Despite the size of the donation, Dell and his wife are still among the biggest philanthropists in America, having donated an estimated $2.4 billion in their lifetime.

via Yahoo Finance|

#charitable-giving #dell-technologies #michael-dell

philanthropy2 years ago•1 min saved

"Dell CEO Michael Dell Donates $350 Million in Stock Prior to Lucrative Windfall"

Tech billionaire Michael Dell has donated $350 million worth of Dell Technologies stock to his family foundation and other charitable funds he advises. This is his first donation of Dell shares since 2006 and his largest gift of the company's stock ever. Despite the size of the donation, Dell's estimated net worth of $64 billion and his upcoming windfall from the sale of VMWare to Broadcom for over $20 billion make him one of the biggest philanthropists in America. Dell's fortune has already increased by $16 billion this year, thanks to the surge in Dell Technologies stock.

via Markets Insider|

#charitable-giving #dell-technologies #michael-dell