Tags: Non-Profit Organisation.
AVI CHAI is a private foundation endowed in 1984 by Sanford Bernstein a well-known successful investor who became a Modern Orthodox Baal teshuva (a returnee to Orthodox observance) and who had wanted to further the cause of outreach to alienated and assimilated Jews worldwide. AVI CHAI allocates resources in the United States and in Israel. Till 2003 AVI CHAI functioned in Russia and other former Soviet Union countries.It is preparing to spend-down its nearly $600 million endowment by 2020.