Each year, as an introduction to the Foundation’s annual report, President and CEO William S. White contributes a personal message, generally focusing on a topic related to philanthropy or the nonprofit sector. In 2010, White used his annual message to examine the dilemma that many philanthropic institutions face as the U.S. economy continues to sputter: What portion of its annual budget does a foundation allot in support of innovation when faced with an ever-growing demand for basic services by those who have lost their jobs, their homes and/or their savings.

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