Facebook Chief Operating Officer Sheryl Sandberg has donated more than $100 million in Facebook stock to a fund for charitable causes, according to a regulatory filing published Wednesday.
Sandberg donated 880,000 Class "A" Facebook shares to the Sheryl Sandberg & Dave Goldberg Family Fund on November 21, according to a filing with the Securities and Exchange Commission. Sandberg recently renamed the charitable donor-advised fund in honor of her late husband.
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.
Her donation comes about two months after Facebook founder Mark Zuckerberg and his wife Priscilla Chan announced they were investing more than $3 billion over the next decade to cure all diseases by the end of the century.
Sandberg's husband, Yahoo veteran and SurveyMonkey CEO David Goldberg, died at 47 of cardiac arrhythmia in 2015 while the couple was vacationing in Mexico.