The recent global triple-threat of economic, climate, and pandemic crises reminded us of the need for rapid, enlightened action to confront the world’s urgent challenges. That is exactly what the Rockefeller Foundation strives to achieve and enable by promoting smart globalization – our efforts to ensure globalization’s benefits are more widely shared and its complex, inescapable challenges are more easily weathered.

In 2009, we pursued interventions that contributed to smart globalization, while maintaining our single-minded focus on results and impact.

An important focus of our effort to build a world with more equitable opportunities and more resilient communities involved:

We fostered innovation
in markets, organizations, products and processes.

We built capacity and leveraged resources.

We found and funded new pilot projects, scaled successful ventures, and contributed to the resilience of communities around the world.

From climate change and environmental degradation to the dire need for sustainable urbanization and universal health care, the 21st century challenges we face are deeply interwoven. Networks are therefore an inherently powerful means of bolstering global resilience, and in 2009, network building grew as a critical aspect of our work:
The philanthropic sector plays a unique role in our global society. Working alongside the public, private and academic sectors, it informs, directs, and enables collective efforts to build strong and vibrant communities. The Rockefeller Foundation has attempted to play a catalytic role in this space by convening partnerships across sectors, coordinating the efforts of disparate groups around shared, singular goals. In 2009, organizing new partnerships was a centerpiece of our work:
Finally, throughout our history, the Rockefeller Foundation has driven innovation. This drive has characterized our most impactful work, and plays a vital role in confronting challenges that are imposing, complex, and evolving. Indeed, such challenges can outpace our ability to counter them. Food insecurity becomes exacerbated by climate change; city transportation and infrastructure becomes overwhelmed by rapid urban migration. To face these dynamic challenges, we must innovate with the same speed and determination – a key feature of our efforts in the past year:

We have chosen to make our investments in these three approaches the theme of this 2009 annual report – our first to be published entirely online.

You will find several rich examples of the Foundation’s work over the past year presented in greater context and detail. You can also view a full listing of our 2009 grants.

In 2009, a year of profound change, the Rockefeller Foundation continued its focus on the twin pillars of its strategy – building resilience and supporting more equitable growth. As we look ahead to a new decade, financially strong and passionately focused, the nature of our challenges will continue to shift, but the defining qualities of our mission will stay constant to meet them.

Judith Rodin


This letter is meant to serve as a gateway to our recent philanthropic efforts, each reflecting one of the Foundation’s core capabilities and illustrating some of the work we’ve undertaken over the last year.

Fiscal Stewardship

The Rockefeller Foundation Condensed Financial Statements

Statement of Financial Position as of December 31.

Amounts in millions. Numbers are rounded.

2009 2008
Cash, cash equivalents and other current assets 8 77
Investments 3,255 2,926
Other long term assets 54 51
Total Assets 3,317 3,054
liabilities and net assets
Accounts payable and accrued expenses 9 8
Grants payable 43 52
Debt outstanding 20 120
Other liabilities 24 21
Total Liabilities 96 201
Unrestricted Net Assets 3,211 2,853
Total Liabilities and Net Assets 3,317 3,054

Statement of Activities as of December 31.

Amounts in millions. Numbers are rounded.

2009 2008
Revitalized investment income 32 87
Investment expense (12) (12)
Other income 1 4
Net realized income 21 79
Grants and direct charitable activities 136 144
Program costs 19 18
Operations 19 20
Taxes (1) 1
Total expenses 173 183
(Deficiency) of net realized income over expenses (152) (104)
Unrealized Income
Unrealized gain (loss) on investments 510 (1.110)
Pension and post-retirement benefit adjustments 8 (33)
Change in Net Assets 366 (1,247)

Foundation Trustees

James F. Orr III

Board Chair
President and Chief
Executive Officer

LandingPoint Capital
Boston, Massachusetts

Ann M. Fudge

Retired Chairman and CEO

Young & Rubicam Brands
New York, New York

Rajat K. Gupta

Senior Partner emeritus

McKinsey & Company
Stamford, Connecticut

Thomas J. Healey


Healey Development LLC
Morristown, New Jersey

Alice S. Huang

Senior Faculty Associate in Biology

California Institute of Technology
Pasadena, California

Strive Masiyiwa

Executive Chairman

Econet Group
Johannesburg, South Africa

Diana Natalicio


The University of Texas at El Paso
El Paso, Texas

Sandra Day O’Connor

Associate Justice, Retired

Supreme Court of the United States
Washington, D.C.

Ngozi Okonjo-Iweala

Managing Director

The World Bank
Washington, D.C.

Richard D. Parsons

Chairman of the Board

Citigroup Inc.
New York, New York

Mamphela Ramphele


Circle Capital Ventures
Cape Town, South Africa

David Rockefeller Jr.

Director and former Chair

Rockefeller & Co., Inc.
New York, New York

Judith Rodin


The Rockefeller Foundation
New York, New York

John W. Rowe, MD


The Mailman School of Public Health
Columbia University
New York, New York

Vo-Tong Xuan

Rector Emeritus

An Giang University
Long Xuyen City,
An Giang, Vietnam

This list includes any trustee who served between January 1 and December 31, 2009.