• Description

In October 2020, Nick Tedesco, president and CEO of the National Center for Family Philanthropy (NCFP), talked with Lauren B. (Laurie) Dachs, president and vice chair of the board at the S. D. Bechtel, Jr. Foundation, about spending down all assets. The Foundation was founded in 1957; in 2009 it became a limited-life philanthropy and completed its spend down at the end of 2020. Nick's questions and Laurie's responses are captured here for reference by other grantmakers that are implementing or considering spending down.

Spending Down: Laurie Dachs Answers Questions for Family Philanthropies