Executive Vice President's Report from the 2003 Annual Report
Permanently endowed private foundations that work directly with grantees to develop projects, carry them out effectively, and communicate results to policymakers and institutional leaders have a long record of accomplishment in this country. "Value-added" foundations like The Commonwealth Fund perform an important function by underwriting policy research, service delivery experimentation, and infrastructure development within their fields—health care, in the case of the Fund.
