Sh­eryl Sand­berg leans into char­ity

The Denver Post - - BUSINESS - By Abha Bhat­tarai

Face­book ex­ec­u­tive Sh­eryl Sand­berg has set aside $100 mil­lion for char­ity, in a move that ob­servers say re­flects a re­newed sense of ur­gency in phil­an­thropic giv­ing by — and for — women fol­low­ing last month’s pres­i­den­tial elec­tion.

Sand­berg do­nated 880,000 Face­book shares to the Sh­eryl Sand­berg & Dave Gold­berg Fam­ily Fund, ac­cord­ing to a com­pany fil­ing with the Se­cu­ri­ties and Ex­change Com­mis­sion.

“A lot of very pow­er­ful women are in­vest­ing in women’s causes and, quite hon­estly, there’s been a re­newed push to in­vest af­ter the elec­tion,” said Melanie Ulle, a Den­ver phil­an­thropic ad­viser.

Thou­sands of Amer­i­cans have do­nated to causes re­lated to re­pro­duc­tive rights and women’s is­sues since the elec­tion, she said. Planned Par­ent­hood, for ex­am­ple, re­ceived nearly 80,000 do­na­tions in the three days fol­low­ing the pres­i­den­tial elec­tion.

“We have this idea that phi­lan­thropy is old white men, but that is chang­ing,” said De­bra Mesch, direc­tor of the Women’s Phi­lan­thropy In­sti­tute at In­di­ana Uni­ver­sity. “Women are earn­ing more money, they have more ed­u­ca­tion. Their role in phi­lan­thropy has been grow­ing ex­po­nen­tially.”

By some es­ti­mates, women now make up nearly half of the coun­try’s mil­lion­aires, and about 10 per­cent of its bil­lion­aires. But Mesch says it’s not just the uber-wealthy who are be­com­ing more in­volved in phi­lan­thropy.

“There has been a groundswell of women of all in­come lev­els com­ing to­gether to give what they can,” she said.

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