The Jen-Hsun & Lori Huang Foundation, led by CEO Jensen Huang, has been significantly impacted by the rising stock price of Nvidia Corp.
The foundation's assets, which consist mainly of Nvidia shares, have increased more than threefold to $3.4 billion by the end of 2023.
As a result, the foundation is now required to increase its charitable contributions. It has been mandated to donate at least $120 million this year, which is double the amount donated last year, as stated in the foundation's recent tax filing.