Also in 03-04, the Board of
Directors made two very
difficult decisions to ensure
the long-term fiscal health of
the organization. Due to
declining investment returns,
the Board decided to cut funding
to schools by 10% and freeze the
addition of new schools to the
program for 2004 - 2005.

In order to be able to increase
funding in the future, the
Foundation is reinventing
itself, focusing on fundraising,
marketing (visibility) and
controlling expenses. As part of
our plan to improve efficiency
and funding for the future, we
are traveling around the state
to meet with you. For schools to
be eligible for funding in 2005-
2006, an administrator or
representative from each school
must attend one of the meetings
listed in the schedule below. A
few districts manage their
funding through a district
office. To receive funding for
your school a representative
from your school (not just your
district) must be present.

Why is this necessary? We are
working with 813 schools. It is
imperative that we get to know
you better, and that your help
is enlisted in supporting the
Foundation's efforts. Together,
we can make a difference in the
life of a child.

We are looking forward to
meeting each of you personally,

Bonnie

Bonnie Hilory
Executive Director
bhilory@haasfoundation.org
206-370-6714
or 206-612-7002 cell

During the next year, we are going to pay more attention to your stories. We will
collect these to share with you, with our donors, and with our Board. Do you have a
great story about the impact that a Haas gift made on a student's life? If so,
please include it in your final report. We are asking for one story from each school.