Why Spend Down?

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.

Follow Our Spend Down

Stupski announces intent to spend down 
2015

Stupski announces intent to spend down 

Joyce Stupski and the board created the new spend down foundation.

Stupski designs grantmaking strategies
2016–2018

Stupski designs grantmaking strategies

Stupski embarked on a learning journey with an initial cohort of grantee partners. 

Stupski launches spend down grantmaking
2018-2019

Stupski launches spend down grantmaking

Stupski created the Foundation’s initial set of spend down strategies in 2018 and launched them in 2019. 

Stupski will elevate promising strategies
2020-2027

Stupski will elevate promising strategies

As Stupski continues to iterate to find what works, we will go all in on fulfilling our vision. 

Stupski will wind down grantmaking
2027-2029

Stupski will wind down grantmaking

We will commit all remaining funds during this time and focus on ensuring grantees have what they need to carry on the work after we close.

Stupski will sunset
2029

Stupski will sunset

Stupski will release key lessons learned from spending down and driving local-level systems change.