"The Scholarship Foundation of St. Louis provides interest-free student loans to students in need throughout the St. Louis region. Their annual report both documents the year's accomplishments and gives them a chance to share recipient stories with the Foundation's educated and discerning donors. The design delivers the information in an evocative and responsible way. The large self-mailing format, black-and-white portraits, lineal illustrations, clean typography, 2-color printing and lightweight newsprint work together to satisfy the reader's eye and expectation for thrift."