As many of our readers know, the Avi Chai Foundation is in sunset – in other words, they are in the process of spending down their assets with the intent of closing the foundation.
In terms of prominent American foundations, this has been a rare occurrence. As such, the Avi Chai Trustees have initiated a series of reports as a service to the entire foundation and nonprofit community. Having begun their own spend-down process at a time when there was little pre-existing knowledge to guide them, they understood the need and the potential usefulness of a publication of this kind.
The first of these reports, titled “First Annual Report to The AVI CHAI Foundation on the Progress of its Decision to Spend Down,” is now available.