Philanthropy Central

Professor Joel L. Fleishman's second annual report on spend-down at the AVI CHAI Foundation examines the changes brought about by the board's determination to begin governing the institution less from the perspective of individual grants and more with an eye to the sustainability of its overall fields of interests, the likelihood of future funding for these fields, the durability of their leading organizations, and the odds that future philanthropists would see opportunity in, and derive inspiration from, the work that AVI CHAI had set in motion.