THE OFFICERS of the Foundation have devoted their first year chiefly to organization and planning. They have also attempted to take some preliminary steps toward the goals stated by the Board in its resolutions of September, 1950.

Organization

RELATIVE TO other funds in the history of philanthropy those at the disposal of The Ford Foundation are very large. This fact, and the broad scope of the activities outlined by the Trustees, required that the best talent available be enlisted. To meet this requirement Chester C. Davis, President of the Federal Reserve Board of St. Louis; H. Rowan Gaither, Jr., who had been chairman of the Study Committee that made the report adopted by the Board; Robert M. Hutchins, Chancellor of the University of Chicago; and Milton Katz, Ambassador in charge of the Economic Co-operation Administration in Europe, were elected associate directors.

During the year the Trustees also elected Bernard L. Gladieux, Assistant to the President, in charge of the New York office; Joseph