One of Health Forward’s core values is transparency with those we have an obligation to serveAs a consequence though, we spent part of our “nest egg” to do so. We don’t regret this decision. It was a deliberate choice to support agencies so they could weather the unprecedented financial storm and accommodate increased demand for services from so many who suffered job and housing losses, among other tragedies. Nonetheless, we are coming into a time when the projected long-term returns will be more modest. This financial forecast has left our board, in addition to most foundations across the country, pondering if the long-term projected returns could necessitate a future spending adjustment. The board will continue to balance the need to support grantmaking, Health Forward operations, and inflation pressures, and on the other end, the available returns. Current finances and transparency Rest assured, there will be no reduction in grantmaking in 2017. At the December board meeting, the board approved its 2017 grantmaking budget with over $20 million to use to support the areas of safety net, mental health and healthy communities. That’s the same amount we have funded in previous years. I don’t write about this topic lightly, nor do I write to cause anxiety. I have a history with Health Forward as an inaugural board member, a former grantee and now the current president/CEO, and I personally know how important Health Forward grants are to the community. I share this because one of Health Forward’s core values is transparency with those we have an obligation to serve. I share this because I value Health Forward’s history of transparency. I feel it is important that you know these discussions are beginning, whether any change occurs or not. That’s what transparency means to me. As we begin our 12th year of funding, we can celebrate the positive effects that the $238 million in grantmaking has meant to our community over the last 11 years. These dollars have supported hundreds of thousands of visits to providers of mental health, oral health and primary and specialty care, have invested in work to reduce food insecurity, have reduced tobacco exposure for youth, and supported efforts to improve physical activity in all communities. Our board is cognizant of its commitment to be sound fiscal stewards of this entrusted money. As such, our board will continue to look at the policies that govern its fiscal and community responsibilities ever with an eye on the future. We will continue to communicate broadly our investment returns and resources available to support grantmaking, advocacy and system-level change as we work together toward a lasting, healthier heartland.