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October 09, 2014

Ex-Kellogg Leader to Guide Stupski Foundation Spend-Down

The Stupski Foundation has named former W.K. Kellogg Foundation CEO Sterling Speirn as its new president, San Francisco Business Times reports. Mr. Speirn, a longtime community activist who left Kellogg last year, will oversee San Francisco-based Stupski's planned spend-down of its $260-million endowment over the next decade.

The education-centered philanthropy launched by the late Charles Schwab executive Larry Stupski and his wife, Joyce, in 1996 closed as an operating foundation in 2012. It is transitioning into a grant-making entity focused on improving prospects for poor and minority children.

Listen to a Chronicle of Philanthropy podcast with Mr. Speirn on his path from community organizing to foundation management.