Facebook COO Sheryl Sandberg Gives $31 Million to Charity

Facebook COO Sheryl Sandberg Gives $31 Million to Charity

Facebook COO Sheryl Sandberg has donated Facebook shares worth $31 million to a philanthropic fund, Re/code reports.

According to a Securities and Exchange Commission filing made last week, Sandberg transferred 290,000 shares in November to the Sheryl Sandberg Philanthropy Fund, a donor-advised fund at Fidelity Charitable. The majority of the $31 million will go to women's empowerment groups and Lean In, the nonprofit Sandberg founded to help support women in the workplace, Re/code reports, citing a source familiar with Sandberg's plans. Sandberg, who co-chairs the Stand Up for Kids Campaign for the Second Harvest Food Bank of Santa Clara & San Mateo Counties, also plans to support education and anti-poverty initiatives.

In 2012, Sandberg donated 429,184 Facebook shares, then valued at $11.8 million, to an unnamed recipient. Sandberg and her late husband, Dave Goldberg, signed the Giving Pledge in 2014.