The Real Cost Project is a joint statewide initiative of Northern California Grantmakers, Southern California Grantmakers and San Diego Grantmakers. The goal of the Real Cost Project is to increase the number of funders that provide real-cost funding and to build the skills and capacity of all those engaged in grantmaking, including foundations, corporations, individuals, and government. Representatives from more than 150 different foundations as well as government agencies and individual philanthropists participated in the Regional Forums. The following report reveals common themes that surfaced from these forums and reflects the issues that participants viewed as the most relevant and urgent.