In March 2005, more than 200 foundation leaders gathered to consider the challenges of achieving higher impact through their work. Speakers whose remarks are described in the CEP report include Independent Sector’s Diana Aviv, The David and Lucile Packard Foundation’s Carol Larson, California HealthCare Foundation’s Mark Smith, The Greater Cincinnati Foundation’s Kathy Merchant, The Bridgespan Group’s Jeff Bradach, Global Business Network’s Katherine Fulton, and Boston Globe’s investigative reporter Michael Rezendes.This report includes viewpoints of these practitioners and distills lessons learned.