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To the Trustees of the Rockefeller Foundation:


I have the honor to transmit to you herewith a report on the activities of the Rockefeller Foundation and on its financial operations from May 14, 1913, the date on which its charter was received from the Legislature of the State of New York, to December 31, 1914, a period of eighteen months and a half.

The following persons named in the act of incorporation became, by the formal acceptance of the Charter, May 22, 1913, the first Board of Trustees:

John D. Rockefeller, of New York.
John D. Rockefeller, Jr., of New York.
Frederick T. Gates, of Montclair, N. J.
Harry Pratt Judson, of Chicago, Ill.
Simon Flexner, of New York.
Starr J. Murphy, of Montclair, N. J.
Jerome D. Greene, of New York.
Wickliffe Rose, of Washington, D. C.
Charles O. Heydt, of Montclair, N. J.

To the foregoing number have been added by election the following Trustees:

Charles W. Eliot, of Cambridge, Mass.1

A. Barton Hepburn, of New York.'

Appended hereto are the detailed reports of the Secretary and the Treasurer of the Rockefeller Foundation and of the Director General of the International Health Commission.



1 Elected January 21, 1914.

Elected March 18, 1914.


To the President of the Rockefeller Foundation:


I have the honor to submit herewith my report as Secretary of the Rockefeller Foundation for the period May 14, 1913, to December 31, 1914.

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