The Avi Chai Foundation is in the process of spending down its assets with the intent of closing the foundation. As such, the Avi Chai Trustees have initiated a series of reports as a service to the entire foundation and nonprofit community. It grew out of Avi Chai’s desire to learn what the “best practices” in spending-down are, based on the experience other foundations have had in sunsetting themselves. In order to confer the widest benefit on the community of foundations contemplating or actually engaging in sunsetting, the Avi Chai Trustees decided to make the reports available to the public. In this first report, attention is focused primarily on Avi Chai’s programmatic initiatives in North America, secondarily on those in Israel, and not at all on those in the former Soviet Union.