In the Spirit of Giving, Sheryl Sandberg Donates $100M
MAKER and Facebook COO Sheryl Sandberg took her philanthropy to the next level, recently transferring $100 million of her Facebook stock holdings to a fund for charitable causes.
According to her latest filings with the Securities and Exchange Commission, Sandberg transferred 880,000 shares to a donor advised fund.
That money will go toward grief support groups like Kara, anti-poverty charities, and groups focused on empowering women, like her own organization Lean In.
According to Recode, Sandberg has also filed paperwork to rename her current foundation the Sheryl Sandberg & Dave Goldberg Family Foundation after her late husband, a Silicon Valley entrepreneur who died unexpectedly in 2015.
That nonprofit foundation will serve as an umbrella organization for both LeanIn.org and a new organization Sandberg is starting called OptionB.org, intended to help people cope with loss and hardship.
To learn more about Sandberg’s story, watch her exclusive MAKERS video in the player above.
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