This annual report includes"Parting Thoughts," the final essay by outgoing President Robert C. Granger, which offers insights on his tenure and the foundation's work on improving the quality of after-school programs. Vivian Tseng, vice president, program, reviews the work to date on creating and strengthening connections between research and practice in her essay, "Forging Common Ground." And, Deborah McGinn, vice president, finance and administration, discusses the Foundation's stability and ongoing commitment to empowering the research field through sound fiscal planning in "Stability and New Perspectives During Transitions.