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Facebook COO Sandberg Donates $100Mn to Donor-Advised Fund
[Photo: Gillian Tett (FT) with Ms. Sandberg; photo credit - Drew Altizer]
Sheryl Sandberg, Facebook’s Chief Operating Officer, has donated more than $100 million to the Sheryl Sandberg & Dave Goldberg Family Fund. The donation comprised 880,000 of Class "A" shares of Facebook. Sandberg's donation are earmarked for:
- LeanIn.Org, her nonprofit focused on women's empowerment, and
- OptionB.org, an initiative focused on helping people build resilience after experiencing loss.
Sandberg, 46, who joined Facebook in 2008 as chief operating officer for the popular social media platform, lost her husband to a treadmill accident while they were vacationing in Mexico last year. The couple, married for 11 years, had 2 children together, a son and daughter. Last July, Sandberg joined the board of Survey Monkey, the online polling company that had been run by her husband.
Sandberg’s announcement comes months after Facebook founder Mark Zuckerberg and his wife said they would donate more than $3 billion toward a plan to "cure, prevent or manage" disease. In December 2015, the couple pledged to donate 99% of their company shares to charity.
