The cofounders pledged to donate up to 13 million shares to the foundation, which operates outside Snap Inc., by 2027. It's also possible the stock went to the Snap Foundation, a nonprofit founded by Spiegel and Snap COO Bobby Murphy. The most recently reported donation by the fund was to Stanford's Black student center and Ujamaa House, an African American-themed dorm. The Spiegel Family Fund donated $20 million to the Stockton Scholars program in 2018, started by Mayor Michael Tubbs, who attended Stanford with Spiegel. Spiegel and his wife, model Miranda Kerr, are known for their philanthropy in California, focusing on arts, education, housing, and human rights. The filings did not disclose the recipient of Spiegel's stock, and Snap declined to comment when contacted by Insider. The majority of his fortune consists of Snap stock, which popped by 23% after reporting strong second-quarter earnings last week. Spiegel's net worth has skyrocketed during the pandemic, from $1.9 billion in April 2020 to $13.8 billion today, Forbes said. The stock was worth $99.8 million combined, considering the close price on the days the gifts were made between March 1 and June 28 this year, Insider found. The 31-year-old CEO donated 1,568,905 shares of Snap, the parent company of the social-media app, in four installments. Snapchat cofounder Evan Spiegel, one of the world's youngest billionaires, has quietly donated almost $100 million in stock this year, Securities and Exchange Commission filings reviewed by Insider said.

Spiegel has supported education and social-justice causes. Snap declined to disclose the recipient.The 31-year-old CEO's net worth has skyrocketed to $13.8 billion this year.Evan Spiegel has donated almost $100 million in Snap stock this year, filings seen by Insider said.Account icon An icon in the shape of a person's head and shoulders.

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