Sandberg Deploys Another $100 Million in Facebook Stock, Much of It For Women and Girls

Leanin.org, supported by Sheryl Sandberg, works to help address the gender pay gap and move more women into leadership roles.

Good news for the women’s philanthropy sector: Sheryl Sandberg has added another $100 million in Facebook stock to a Donor Advised Fund she uses to fund causes she cares about, with much of this new money going to Lean In, the nonprofit named after her best-selling book about how to succeed as a woman in business.

Sandberg represents a new prototype for women’s philanthropy: the young tech executive who sees gender equality philanthropy as a priority. These new funds will help Leanin.org expand its mission of increasing women in leadership.

Recode.com recently reported that Sandberg has transferred 590,000 shares of Facebook stock to a Fidelity Donor Advised Fund which she uses to donate to organizations she supports. According to Recode:

That includes two philanthropies Sandberg founded: LeanIn.org, a nonprofit focused on female empowerment; and OptionB.org, a nonprofit helping people overcome grief and adversity. Sandberg founded OptionB.org following the death of her husband, Dave Goldberg, in 2015.

The Sheryl Sandberg and Dave Goldberg Family Foundation, the umbrella organization for both nonprofits, will be one of the major recipients of this money, according to this source.

Sandberg has made major donations like this an annual affair. She donated $100 million worth of Facebook stock to her fund in late 2016, and another $31 million earlier that same year.

Some of the funds will also go to other causes, including childhood hunger, and funding for college for disadvantaged individuals.

Sandberg’s imprint on American society is growing as she continues in her executive business role at Facebook, and expands her gender equality philanthropy. She also plays a minor role in Hillary Clinton’s new book, What Happened, as a friend to Clinton who helped her understand the gender dynamics impacting her campaign for President.

We here at Philanthropy Women are very glad for Sheryl Sandberg’s support for women’s leadership and are inspired by hear attunement to the issues women face. We would like to see Ms. Sandberg pressure Facebook to stop supporting Backpage.com in its efforts to shirk off responsibility for the child trafficking that happens on their site.

Related:

I am Jane Doe: The Funding Behind Child Sex Trafficking in America

 

 

Author: Kiersten Marek

Kiersten Marek, LICSW, is the founder of Philanthropy Women. She practices clinical social work in Cranston, Rhode Island, and writes about how women donors and their allies are advancing social change.

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