Nvidia CEO Huang has billions at foundation where he logs 1-hour weeks

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Nvidia CEO Huang has billions at foundation where he logs 1-hour weeks - Business Standard

Quick Summary:

The Huangs, like many other billionaires, have been meeting their foundation’s annual distribution requirement primarily through gifts to the account at Schwab Charitable.

As a public charity, Schwab Charitable doesn’t have to disclose specifics about client investments and gift-giving, another reason that DAFs have become so popular among the wealthy.

Nvidia Corp.’s stock surge over the past two years has, in theory, created a multibillion-dollar windfall for the philanthropic world – but only if Chief Executive Officer Jensen Huang and his wife Lori give the money away.