Foundation donations of stock/non-cash property are at cost-basis, not fair market value so no. He would have to donate it to another kind of entity under the 5

Foundation donations of stock/non-cash property are at cost-basis, not fair market value so no. He would have to donate it to another kind of entity under the 501 or 509 tax code to get fair market value deductions. These other types are harder to maintain control of, so it would be the same as just not having the money anymore, which defeats the purpose. I would have to check the SEC filings here, because Jeff may be already selling it through his foundations and the media itself may be aggregating the ownership back to Jeff