Nvidia Corp.’s surging share price has created a challenge for Jensen Huang’s charitable foundation: As the stock climbs, so does the amount of money it has to give away.
The Jen-Hsun & Lori Huang Foundation saw its assets, which mostly consist of Nvidia shares, more than triple to $3.4 billion at the end of 2023, according to its newly released tax filing. To account for the growth, it will have to give away at least $120 million this year — double last year’s level, the filing shows.