Spending Down in the 21st Century

By Sarah Kass

Avi Chai Foundation, May 2010

In North America, AVI CHAI's planned spend-down has prompted a shift in our thinking. We have moved from an abundance mindset--operating with abundant financial resources and abundant time--to a scarcity mindset--trying to make a difference with scarce financial resources and scarce time. Our abundance mindset enabled us to choose to do many good things without choosing among the competing good things. Our abundance mindset did not require us to think about partners and successors--we had the money, time and human resources to do it ourselves and do it well. By contrast, a scarcity mindset requires that we choose among competing goods. It also makes us think about sustaining the goods we choose, since we will not be around to enable them to continue. Scarcity at AVI CHAI makes us shift the onus of propulsion from us to our key partners --other philanthropists, key institutions advancing Jewish Literacy (L), Religious Purposefulness (R) or , or Jewish Peoplehood (P),2 or communities. And scarcity shifts our attention from pushing products to strengthening markets--of consumers and producers.

Topic: Management and Administration, Peoplehood, Organizational Development, Philanthropy and Fundraising, Development, Allocations, Foundations, Fundraising and Philanthropy, Meaning, Jewish Literacy

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Genre: Report

Coverage: United States

Language: English

Copyright Holder: Publisher

Copyright Information: Download for personal use, freely distribute link

Bibliographic Information:
Kass, Sarah. Spending Down in the 21st Century. Avi Chai Foundation. May 2010: http://www.bjpa.org/Publications/details.cfm?PublicationID=12880


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