Sheryl Sandberg plans to donate her SurveyMonkey stock to her charity after IPO
Sheryl Sandberg, the chief operating officer of Facebook and a director at SurveyMonkey, plans to donate her shares in the latter to her charitable foundation. Greg Sandoval/Business Insider
Sheryl Sandberg won't personally get any richer when SurveyMonkey, the company where her husband Dave Goldberg served as CEO before he died, goes public.
Although Sandberg owns about 10% of SVMK, SurveyMonkey's parent company, she plans to donate all of her shares to her charitable foundation, SVMK said in the regulatory document it filed Wednesday announcing its planned initial public offering. Depending on how what price the company's stock eventually trades at, that could be a considerable amount of money; she holds about 10.3 million shares.
A representative for Sandberg, who serves on SVMK's board and is Facebook's chief operating officer, was not immediately available for comment. SurveyMonkey's filing did not say when she plans to donate the shares, but it would presumably after its imminent debut on the public markets.
Goldberg, Sandberg's husband, took over the job as CEO from founder Ryan Finley, and held the position until his death in 2015. Sandberg joined the company's board two months after his death.
"SurveyMonkey embodies who Dave [Goldberg] was as a person—curious, helpful, approachable and at the same time powerful. Our strong company culture and business were shaped by his leadership," writes SurveyMonkey in its IPO filing.
The Sheryl Sandberg and Dave Goldberg Family Foundation has two primary initiatives — LeanIn.org, which promotes opportunities for women, and OptionB.org, which provides programs that try to encourage resilience in the face of various tragedies and challenges, including sexual abuse and the loss of loved ones.
Video: Facebook's Sheryl Sandberg talks about husband's death
What Does Retinol Do and Should You TryIt
Jenna Dewan Tatum Just Posted Her First Instagram Since Split With Channing Tatum
Nikki Reed’s All Black Maxi-Dress Look
How to Pull an Electric Meter
How to Remove Cat Hairball Stains from Carpet
How to Protect Yourself From Tick Bites This Summer
From Cindy Crawford to Karlie Kloss: The 19 Hottest All-AmericanModels
Taylor Swift Interviews Rock ’n’ Roll Icon Pattie Boyd on Songwriting, Beatlemania, the Power of Being a Muse
Top 5 Hidden Causes of Depression
You can debate Trump and Clinton via these chat bots