Facebook COO Sheryl Sandberg Is Giving $100M in Stock to Charity

Sheryl Sandberg is transferring $100 million of her Facebook stock holdings to a fund for charitable causes.

According to her latest filings with the Securities and Exchange Commission, the Facebook chief operating officer transferred 880,000 shares. Recode reported that the shares would go into a donor-advised fund, which allows Sandberg to direct money to causes of her choice. Unnamed sources familiar with Sandberg’s plans told Recode that the money would go to grief support groups like Kara, anti-poverty charities and groups focused on empowering women, like her own organization Lean In.

She also recently renamed her foundation to the Sheryl Sandberg and Dave Goldberg Family Fund, after her late husband, fellow Silicon Valley tech executive Dave Goldberg, reported the Wall Street Journal.