Facebook COO Sheryl Sandberg Donates $100 Million to Charities
November 30 2016 - 11:10PM
Dow Jones News
Facebook Inc. Chief Operating Officer Sheryl Sandberg put more
than $100 million into her charitable fund with plans to give to
groups that promote women's rights and help grieving families.
Ms. Sandberg, a billionaire who has been at Facebook since
before its initial public offering, transferred 880,000 of her
Class A shares in Facebook to her donor-advised fund, according to
a regulatory filing Wednesday.
Her 2013 book, "Lean In," focused on helping women in the
workplace. She is currently co-writing a second book now, called
"Option B," about coping with the death of loved ones and her
experience with loss after her husband, entrepreneur Dave Goldberg,
died last year.
She recently renamed her donor-advised fund, the Sheryl Sandberg
& Dave Goldberg Family Fund.
Facebook Chief Executive Officer Mark Zuckerberg and his wife
Priscilla Chan have pledged to use 99% of their Facebook holdings
to donate to charities and invest in companies that broaden access
to opportunity.
Ms. Sandberg's latest 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, according to a person familiar
with the matter. OptionB.org will launch next spring, coinciding
with the publication of her next book.
Part of the proceeds will also go to nonprofits that helped Ms.
Sandberg and her family deal with the loss, the person added. Some
will also go to nonprofits that fight hunger, like her local food
bank.
Write to Deepa Seetharaman at Deepa.Seetharaman@wsj.com
(END) Dow Jones Newswires
November 30, 2016 22:55 ET (03:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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