THE ROCKEFELLER FOUNDATION

49 WEST 49th STREET, NEW YORK

OFFICE OF THE SECRETARY

May 23, 1935

My dear President Angell:

At a meeting of the Executive Committee of The Rockefeller Foundation held May 17, 1935, the program of research in international relations proposed by Yale University was considered. I have the honor to inform you that funds were appropriated towards this program over the five-year period beginning July 1, 1935, and ending June 30, 1940, in an amount totaling not more than $100,000, payments to be made according to the following schedule and any sums remaining unexpended as of June 30, 1940, to revert to the Foundation:

1935-1936 ............ $15,000
1936-1937 ............ $25,000
1937-1938 ............ $30,000
1938-1939 ............ $20,000
1939-1940 ............ $10,000

If this meets with your convenience, we propose
making payments on a quarterly basis, and would ask that
annual statements of expenditures be sent to us.

President James R. Angell,
Yale University,
New Haven, Conn.

NST:HD

Copies sent to Professor Spykman, Dean Furniss, Messrs. Day and Farnam