The Effects of the Global Financial Crisis on Northwest Health Foundation
Letter from Jim Hill, Board Chair and Thomas Aschenbrener, President. December, 2008
The Northwest Health Foundation, like virtually everyone and every organization in our community, has been directly affected by the downturn in the financial markets over the past several months. Our assets are substantially lower than they were when we began this year, but we always try to take the long-term view. Today’s reality compels us to affirm the long-term nature of our mission and the need to stand with the community during these difficult times.
We recognize that our community partners—and the children, families and neighborhoods they serve—will have even greater needs and in most instances, less support in 2009.
As we transition to the new year, we want you to know that Northwest Health Foundation will maintain our 2009 program budget at the same level as 2008. We stay committed to the areas of strategic focus we have pursued with our community partners for the past several years. And we will continue our staff efforts to realize specific objectives for community health in the coming year.
Advancing, supporting and promoting the health of our community is an enduring effort. We remain committed to sustaining our efforts during these critical times.
Jim Hill and Thomas D. Aschenbrener
(posted December 16, 2008)
Thomas Aschenbrener
President