Facebook’s Sheryl Sandberg joined the board of SurveyMonkey in 2015, shortly after her husband and the company’s CEO, Dave Goldberg, died suddenly while on vacation in Mexico. Sandberg, who now owns 9.9 percent of the company, is giving it all to charity.
“Ms. Sandberg plans to donate all shares beneficially owned by her (or the proceeds from the sale thereof) to the Sheryl Sandberg and Dave Goldberg Family Foundation as part of fulfilling their philanthropic commitment to the Giving Pledge,” SurveyMonkey said in its IPO filing on Wednesday.
The Giving Pledge was created in 2010 by Bill and Melinda Gates and Warren Buffett to encourage America’s richest individuals to donate the majority of their money to charity. Sandberg, who’s a billionaire from her Facebook stake, joined the pledge in 2014.
The Sandberg and Goldberg Foundation, formerly known as the Lean In Foundation, focuses in two areas, both of which are the subjects of books written by Sandberg. One is targeted at helping women advance and succeed in their professional lives by pursuing equal pay initiatives, mentorship and sexual harassment support. The other focuses on supporting people who face adversity, whether its grief and loss, incarceration or divorce.