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Sandberg's donation to her donor advised fund comprised 880,000
of Class "A" shares of Facebook, according to a regulatory
filing on Wednesday. The donation was made on Nov. 21, according
to the filing. http://bit.ly/2gIf3yW
This comes months after Facebook founder Mark Zuckerberg and his
wife Priscilla Chan said they would donate more than $3 billion
toward a plan to "cure, prevent or manage" disease.
In December 2015, Zuckerberg made one of the largest pledges in
history when he and his wife said they would donate 99 percent
of their company shares to charity.
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 citing
people familiar with the matter. http://on.wsj.com/2fNQkV5
Sandberg, 46, who joined Facebook in 2008 as chief operating
officer for the popular social media platform, lost her husband
to a treadmill accident while they were vacationing in Mexico
last year.
The couple, married for 11 years, had two children together, a
son and daughter. Last July, Sandberg joined the board of Survey
Monkey, the online polling company that had been run by her
husband.
(Reporting by Aurindom Mukherjee in Bengaluru; Editing by Sunil
Nair)
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