Sheryl Sandberg Donates $100 Million in Facebook Stock

Sheryl Sandberg Donates $100 Million in Facebook Stock

Facebook COO Sheryl Sandberg has donated Facebook stock worth about $100 million to a donor-advised fund, Recode reports.

According to a Securities and Exchange Commission filing made earlier this week, Sandberg transferred eight hundred and eighty thousand shares of her Facebook stock to a donor-advised fund at Fidelity Charitable. People familiar with Sandberg's plans told Recode that grantees likely to receive funding at Sandberg's behest include Lean In.org, which she founded to support women in the workplace; the Second Harvest Food Bank of Santa Clara & San Mateo Counties; and grief-support organization Kara.

Sandberg also has filed paperwork to rename the fund the Sheryl Sandberg & Dave Goldberg Family Foundation — after her late husband, a Silicon Valley entrepreneur who died unexpectedly in 2015. The foundation will serve as an umbrella organization for both LeanIn.org and a new organization Sandberg is starting called OptionB.org, which will work to help people build resilience in the face of loss and hardship. The organization is expected to launch next spring in conjunction with the publication of a book Sandberg is writing also entitled Option B.

Sandberg donated shares of Facebook stock valued at $31 million to the fund at Fidelity late last year. Sandberg and Goldberg signed the Giving Pledge in 2014.