Peking Union Medical College
The Board was founded in 1914 as the second major project of the Rockefeller Foundation. With additional endowments from the Rockefeller Foundation, China Medical Board became an independent private foundation in 1928. From 1914 to 1951, CMB worked to establish Peking Union Medical College. Its goal from the outset was full Chinese ownership, operations, financing, and faculty at Peking Union Medical College, which was achieved in 1950.