Join our Waitlist for Expert Advice!

Sheryl Sandberg Donates $100 Million to Donor-Advised Fund Sandberg's donation to her donor advised fund comprised 880,000 of class "A" shares of Facebook, according to a regulatory filing on Wednesday.

By Reuters

Jerod Harris | Getty Images

Facebook Inc. Chief Operating Officer Sheryl Sandberg has donated more than $100 million to the Sheryl Sandberg & Dave Goldberg Family Fund.

Sandberg's donation to her donor advised fund comprised 880,000 of class "A" shares of Facebook, according to a regulatory filing on Wednesday. The donation was made on Nov. 21, according to the filing.

This comes months after Facebook founder Mark Zuckerberg and his wife Priscilla Chan said they would donate more than $3 billion toward a plan to "cure, prevent or manage" disease.

In December 2015, Zuckerberg made one of the largest pledges in history when he and his wife said they would donate 99 percent of their company shares to charity.

Sandberg's donation will be used to fund LeanIn.Org, her nonprofit focused on women's empowerment, as well as OptionB.org, an initiative focused on helping people build resilience after experiencing loss, The Wall Street Journal reported citing people familiar with the matter.

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 two 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.

(Reporting by Aurindom Mukherjee in Bengaluru; Editing by Sunil Nair)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Starbucks Is Ditching Olive Oil Coffee From Its 'Overly Complex' Menu

The move is part of an effort to turn around lagging sales.

Leadership

5 Foolproof Strategies to Help You Step Back and Let Your Team Have More Control

These five approaches will revolutionize your team and your leadership.

Leadership

Why Great Leaders Embrace Broad Thinking — and How It Transforms Organizations

What leaders think they know can cause narrowed thinking, limiting the ability to solve complex problems.

Business News

Reddit Is Profitable for the First Time in Nearly Two Decades

Reddit hit an all-time high in its number of daily users, too.

Business News

You Have One Month Left to Buy a House, According to Barbara Corcoran. Here's Why.

"If you are planning on waiting a year and seeing where interest rates go, you are out of your mind," Corcoran said.