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, shared this vision and established the spend down foundation in 2015 to amplify their commitment and honor Larry’s memory. Since Joyce’s passing in 2021, the foundation continues to carry on the couple’s legacy and Joyce’s vision for the spend down.

As a spend down foundation, the Stupski Foundation will invest all of our assets (approximately $250 million) in collaboration with community partners by 2029 to make the greatest possible change in our communities today. To make a significant impact that will last long after we close our doors, we focus on partners who primarily serve our communities in San Francisco and Alameda Counties and the state of Hawai‘i. 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 elevates promising strategies
2020-2027

Stupski elevates promising strategies

As Stupski continues to iterate to find what works in partnership with our communities, 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.