Why Spend Down?

Because Change Can’t Wait

At Stupski, we believe that the people closest to the challenges in our communities—not philanthropists— best determine where funds can make lasting change. When we move dollars and decisions into communities, we move closer to a society of solidarity, centered in justice and equity, where everyone can flourish. To realize that future, we are returning all of our resources to the communities we call home by 2029.

Our decision to spend down began with our founders. Larry and Joyce Stupski were committed to giving back to the communities they called 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, shared this vision. After Larry’s passing, Joyce reestablished the Foundation as a spend down in 2014 to amplify what mattered most to them as a couple and to honor Larry’s memory. Since Joyce’s passing in 2021, the foundation continues to carry on their legacy and intent to spend down.

At Stupski Foundation, we’re working toward the day when our health, food, and postsecondary systems collectively promote well-being and abundance for everyone. We focus on partners who primarily serve the communities where we live and work in Hawai‘i and the San Francisco Bay Area. We believe that if we are to live our values, we must go all in on investing in the transformative work of our partners to disrupt and transform systems that create harm. Our communities’ needs have accelerated, the challenges have become more complex and the urgency to act has grown. 

 

Our response is to do more and to do it now.

Follow Our Spend Down

Stupski announced intent to spend down 
2015

Stupski announced intent to spend down 

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

Stupski designed grantmaking strategies
2016–2018

Stupski designed grantmaking strategies

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

Stupski launched spend down grantmaking
2019

Stupski launched spend down grantmaking

Stupski made initial spend down grants.

2020-2022

Racial justice and pandemic response

Stupski deepened its understanding of how racism, sexism, and other forms of oppression harm communities and staff. Stupski began to evolve its grantmaking practices and operations and hired staff with deep community connections. As COVID-19 struck, the team accelerated grantmaking to respond to community needs.

Stupski welcomed a new board
2023

Stupski welcomed a new board

Stupski recruited a new board of directors with diverse experiences and expertise in community-based organizations, philanthropy, racial justice and systems change to inform and support the transformation of our work.

Stupski will roll out final grants
2024-2027

Stupski will roll out final grants

Stupski intends to make the foundation’s final grants through 2027. As we continue to learn from our grantee partners where funds can make lasting change, we will go all in on fulfilling our shared vision.

Stupski will sunset
2028-2029

Stupski will sunset

Stupski will release key lessons from spending down and prepare to close operations by 2029.