Originally established in 1955 as a San Francisco based private family foundation, the parent of the EACH Foundation went through a reorganization in 2016 when Lionel took over stewardship of a portion of the assets, transforming from family to a community orientation, creating an ethnically and socioeconomically diverse group of 30 everyday people who are volunteer grant-makers. The roughly $10 million under his purview is earmarked for the broader community, so why not empower the community itself with the right to give it away. Thus, EACH was born. So far, EACH volunteers have given away over $5 million to over 700 unique charities toward which they feel passion, gaining emotional and social benefit in the process. EACH prides itself on an innovative and transformative giving model, unique among its exclusive family foundation peers. Lionel also runs the "finanthropic" index-only ultra-low fee investment firm, Cáritas Investment Advisors, which gives up to 25% to charity. Lionel is board member of Alta Plaza Preschool in SF, Creative Growth Art Center in Oakland, past treasurer of Pets Unlimited, and is active in alumni work for Town School for Boys, Occidental College, and The Drucker School of Business.