Sheryl Sandberg Donates $31M in Facebook Stock to Charity

Sheryl Sandberg, Facebook's chief operating officer, has donated 290,000 shares of Facebook stock—a market value of roughly $31 million—to a myriad of different charities, according to a Securities and Exchange Commission document filed Thursday.

The shares were technically transferred to the Sheryl Sandberg Philanthropy Fund, a donor-advised fund that will take control of the stock from Sandberg but allow her to advise/steer the money toward charities she cares about. In this case, Fidelity controls the fund. The stock was actually sold on Nov. 20, but disclosed for the first time Jan. 14.