Facebook’s COO Pledges $31 Million To Various Charities

Facebook’s COO Pledges $31 Million To Various Charities

Facebook’s chief operating officer Sheryl Sandberg has donated a market value of roughly $31 million (290,000 shares of Facebook stock) to women’s empowerment groups and Lean In, the nonprofit organisation founded by Sandberg to help support women in the workplace.

The shares were technically transferred to the Sheryl Sandberg Philanthropy Fund, a donor-advised fund that will take control of the stock but allows Sandberg to advise where the money should be spent.

The stock was actually sold on November 20, but made public in a document filed with the US Securities and Exchange Commission filed last Thursday.

Back in 2012, Sandberg gave more than 400,000 shares of Facebook to an unknown recipient.

Facebook’s CEO Mark Zuckerberg recently pledged to give away 99 per cent of Facebook’s shares over the course of his and his wife, Priscilla Chan’s, lives. The shares are estimated to be worth around $US45 billion. Last week Netflix CEO and co-founder Reed Hastings announced he’s launching a $100 million fund, called the Hastings Fund, to expand educational opportunities for children.

Image taken from Sandberg’s Facebook page.




Please login with linkedin to comment

Online ads

Latest News

Cannes In Cairns 2024 Agenda Revealed!
  • B&T Exclusive

Cannes In Cairns 2024 Agenda Revealed!

An almighty chunk of the Cannes in Cairns presented by Pinterest agenda has been revealed, and there is plenty in store for you. Lead image: Fernando Machado, CMO, NotCo Revellers can expect three days of cracking content from 4-7 June. From global keynotes and marvellous marketers to film directors, professors and all-round media and creative […]

Cannes In Cairns Early Bird Ticket Prices Ending Soon!
  • B&T Exclusive

Cannes In Cairns Early Bird Ticket Prices Ending Soon!

Early bird ticket prices for Cannes in Cairns 2024 are ending soon, so you’ll need to move quickly to save money on the hottest ticket in town (or anywhere!). You have until 31 March to secure your ticket at the discounted price of $1,979.99 inclusive of GST. What’s more, you can get even tastier discounts […]

The Coffee Commune’s “Finding Brisbane’s Best Cafe” Achieves Record Entries
  • Campaigns

The Coffee Commune’s “Finding Brisbane’s Best Cafe” Achieves Record Entries

To promote the launch of its latest campaign, ‘Finding Brisbane’s Best Cafe’, The Coffee Commune (TCC) harnessed the power of radio, digital and programmatic OOH. The seven-week campaign also served to increase The Coffee Commune’s membership, and via TFM Digital, it saw a record 39,633 entries garnered (28,774 unique), with 880+ cafes nominated. Teaming up […]