Spending down: Laurie Dachs answers questions for family philanthropies

Courtesy of Jonathan Petersson from Pexels

Courtesy of Jonathan Petersson from Pexels

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.