S. D. Bechtel, Jr. Foundation

Legacy Collection

In December 2020, the S. D. Bechtel, Jr. Foundation concluded operations. Founded in 1957, the Foundation was committed to building a productive, vibrant, and sustainable California. In 2009, the Foundation decided to invest all of its assets, or spend down, by 2020 in order to spur significant progress on the challenging issues facing the state in education and environment. This collection features knowledge produced by the Foundation and its partners during its final decade of work. Read concluding reflections from the Foundation's president and learn more about its grantmaking.

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S. D. Bechtel, Jr. Foundation Spend-Down Timeline

December 10, 2020

In 2009, following five decades of Foundation growth and impact, the Board of Directors for this family philanthropy chose to spend down all assets. In the words of its founder, this decision reflected a commitment to finding lasting solutions to California's critical challenges "sooner rather than later." The spend-down horizon was initially set for eight years and then adjusted to establish 2020 as the Foundation's end date. This timeline summarizes the Foundation's most significant programmatic activities in relation to relevant external events, as well as key information about the Foundation's grants, endowment, and staffing, from 2008 (the year prior to the spend-down decision) through 2020.

S. D. Bechtel, Jr. Foundation Story

About this collection:   Presidents reflections | Intellectual property