• Description

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 Spend-Down Timeline