Because Change Can’t Wait
For decades, Larry and Joyce Stupski have been committed to giving back to the communities they call home. As the former president and chief operating officer of Charles Schwab, Larry was passionate about using his success to create opportunities for others. Joyce, a longtime entrepreneur and former educator, shares this vision and established the spend down foundation in 2015 to amplify their commitment and honor Larry’s memory.
As a spend down foundation, the Stupski Foundation will invest all of our assets (approximately $250 million) in collaboration with community partners over the next 10 years to make the greatest possible change in our communities today. We feel a great sense of urgency to affect fundamental change before we close our doors in 2029. To put this into action, we prioritize investments in large-scale systems improvements that will have a lasting impact in our communities long after we close our doors. With no time to waste, we are continually testing ideas to identify what works so we can promote lasting solutions to pressing issues facing the communities we call home. We believe that when we work together with local institutions and community-based organizations to put ideas into action, we can ensure that every member of our community enjoys a life marked by dignity, connectedness, and caring.