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The Avi Chai Foundation

Profile

Last profile update: 05/02/2017

At A Glance

The Avi Chai Foundation

(formerly AVI CHAI - A Philanthropic Foundation)

1015 Park Ave

New York City, NY United States 10028-0904

Telephone: (212) 396-8850

URL: www.avichai.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

EIN

133252800

BRIDGE Number

1641009713

Background

Established in 1984 in NY - Founded by the late Zalman C. Bernstein, who founded the Sanford C. Bernstein & Company in 1967. The company, a unit of Alliance Bernstein (formerly Alliance Capital Management), manages the discretionary accounts of the wealthy; it has some $70 billion of assets under management for affluent families, as well as pension funds and corporate investors. The company is active mainly in the U.S., where it maintains some 20 offices. The foundation plans to spend down its endowment and close operations by early 2020.

Purpose and Activities

The foundation is committed to the perpetuation of the Jewish people, Judaism, and the centrality of the state of Israel to the Jewish people. The objectives of the foundation are to encourage those of the Jewish faith towards greater commitment to Jewish observance and lifestyle by increasing their understanding, appreciation, and practice of Jewish traditions, customs, and laws; and to encourage mutual understanding and sensitivity among Jews of different religious backgrounds and commitments to observance.