With the fall 2003 announcement of Joan B. Kroc’s $50 million gift, the institute faces unprecedented opportunities — and, along with those, the challenges of managing significant growth. Planning for the use of these new resources has been shaped by our strategic plan, which envisions an integrated program of research, education and policy outreach that is deeply engaged with field sites around the world. To that end, new core faculty and staff were hired during 2003-04 to implement our new two-year master’s program, develop field sites, and strengthen our alumni network. The institute also developed programs to fund research by faculty and visiting fellows, which will be implemented as endowment income from Mrs. Kroc’s gift becomes available in the coming years.

During the 2003-04 fiscal year, the institute had operating expenses of approximately $2.1 million, not including tuition scholarships. Faculty and staff salaries and benefits together with graduate student stipends constituted approximately two-thirds of our overall expenditures. The remaining third was allocated for research and programs.

Complementing our endowment income, the institute continued to receive funds from the Rockefeller Foundation, which awarded a $325,000 grant to support the Rockefeller Visiting Fellowships program from 2003-2007. In addition, faculty research projects were awarded $276,000 in external grants.

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