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2009 Outlook-Letter from the President
01/29/2009
Dear Friends of the Foundation,

The start of the new year provided a time to reflect on our substantial progress and plans for the future. We had a productive and gratifying year in 2008 fulfilling the goals of the foundation through the advancement of entrepreneurship and entrepreneurship education in Northeast Ohio. While we have accomplished a great deal and plan to continue this momentum, national and global financial conditions will have an impact on our work and we must adjust accordingly. We will do our best to support programs already underway, but new projects may need to be placed on hold while the financial climate stabilizes. We ask for your patience and understanding as we make tough, but necessary decisions to carefully steward the foundation's assets and simultaneously accommodate the needs of our grantees and partners. We have tightened our belt on operational expenses and we assure you that we will do our best to make wise and fair decisions during these challenging times. We have been through similarly difficult times in the past and have no doubt that we will all successfully navigate these times as well.

We look forward to our continuing work together in 2009!


Deborah D. Hoover
President








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