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2020 Annual Report 2020 Annual Report July !, Annual Report 2020 Annual Report 2020 Annual Report July !, "#!$–June %#, "#"# Council on Foreign Relations 58 East 68th Street 1777 F Street, NW New York, NY 10065 Washington, DC 20006 tel 212.434.9400 tel 202.509.8400 cfr.org [email protected] Officers David M. Rubenstein, Chairman Nancy D. Bodurtha, Vice President, Caroline Netchvolodo!, Blair E!ron, Vice Chairman Meetings and Membership Vice President, Education Jami Miscik, Vice Chairman Irina A. Faskianos, Vice President, Shannon K. O’Neil, Vice President National Program and Outreach and Deputy Director of Studies Richard N. Haass, President Suzanne E. Helm, Vice President, Lisa Shields, Vice President, Global Keith Olson, Executive Vice President, Philanthropy and Corporate Relations Communications and Media Relations Chief Financial O&cer, and Treasurer Jan Mowder Hughes, Vice President Je!rey A. Reinke, Secretary of James M. Lindsay, Senior Vice and Chief Human Resources O&cer the Corporation President, Director of Studies, and Maurice R. Greenberg Chair Directors Term Expiring "#"! Term Expiring "#"% Term Expiring "#"( Tony Coles Kenneth I. Chenault Nicholas F. Beim David M. Cote Laurence D. Fink Timothy F. Geithner Stephen J. Hadley Steven A. Denning Stephen C. Freidheim James Manyika William H. McRaven Margaret (Peggy) Hamburg Jami Miscik Janet Napolitano Charles Phillips Richard L. Plepler Eduardo J. Padrón Cecilia Elena Rouse Ruth Porat John Paulson Frances Fragos Townsend Richard N. Haass, ex o&cio Term Expiring "#"" Term Expiring "#"' Sylvia Mathews Burwell Thad W. Allen Ash Carter Afsaneh M. Beschloss James P. Gorman Blair E!ron Laurene Powell Jobs Jeh Charles Johnson David M. Rubenstein Meghan L. O’Sullivan Margaret G. Warner L. Rafael Reif Fareed Zakaria Daniel H. Yergin Officers and Directors, Emeritus & Honorary Madeleine K. Albright Carla A. Hills Director Emerita Chairman Emeritus Maurice R. Greenberg Robert E. Rubin Honorary Vice Chairman Chairman Emeritus Note: This list of O&cers and Directors is current as of July !, "#"#. 2 Contents ! Mission Statement " Letter From the Chair # President’s Message $! 2020 Highlights %& Membership !' Corporate Program !! Financial Highlights 3 Mission Statement The Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government o"cials, business executives, journalists, educators and students, civic and religious leaders, and other interested citizens in order to help them better understand the world and the foreign policy choices facing the United States and other countries. 4 Founded in #$%#, CFR takes no institutional • publishing Foreign A)airs, the preeminent positions on matters of policy. CFR carries out journal of international a!airs and U.S. its mission by foreign policy; • maintaining a diverse membership, includ- • sponsoring Independent Task Forces that ing special programs to promote interest produce reports with both findings and and develop expertise in the next genera- policy prescriptions on the most impor- tion of foreign policy leaders; tant foreign policy topics; and • convening meetings at its headquarters in • providing up-to-date information and New York and in Washington, DC, and analysis about world events and American other cities where senior government o"- foreign policy on its website, CFR.org. cials, members of Congress, global lead- ers, and prominent thinkers come together with CFR members to discuss and debate major international issues; • supporting a Studies Program that fos- ters independent research, enabling CFR scholars to produce articles, reports, and books and hold roundtables that analyze foreign policy issues and make concrete policy recommendations; 5 Letter From the Chair This was no ordinary year for the world, and In March %&%&, things obviously changed. the Council was no exception. The coronavirus We closed our New York headquarters build- pandemic posed an unprecedented challenge, ing along with the o"ce in Washington, but but CFR rose to the occasion. the sta! never stopped working. The Council The year began much like any other. Dur- seamlessly transitioned to remote work and ing the seventy-fourth session of the UN Gen- virtual meetings, serving as a resource on the eral Assembly in September %&#$, the Council pandemic as well as an array of foreign policy hosted more than a dozen heads of state and issues. The Council o!ered weekly updates foreign ministers in New York. CFR also via conference calls and webinars on the coro- launched a new Independent Task Force report navirus pandemic—including on the state of on U.S. innovation strategy and national secu- testing, contact tracing, and vaccines—while rity and ramped up its coverage of the %&%& continuing to o!er thoughtful analysis of its presidential election. economic and geopolitical e!ects. Focus was Taking the foreign policy conversation to also trained on conventional challenges, includ- the rest of the country, the Council cohosted ing Afghanistan and Venezuela. In a testament nonpartisan forums at universities in New to the Council’s convening power, CFR hosted Hampshire, Texas, Michigan, and Florida fea- virtual meetings with some of the individuals turing former o"cials from Republican and leading the country’s and the world’s response Democratic administrations. Other election to the pandemic, including Anthony S. Fauci, resources CFR developed include a compre- director of the National Institute of Allergy hensive position tracker, a questionnaire asking and Infectious Diseases, and David Nabarro, the candidates for their views on twelve major special envoy of the World Health Organiza- foreign policy issues ranging from Saudi Ara- tion director general on COVID-#$. bia to climate policy, a video explainer series Although the pandemic undoubtedly on election-related topics such as automation brought new challenges, the Council was and foreign aid, and a special series of The well positioned to respond. In recent years, President’s Inbox podcast featuring guests with the Council’s intellectual agenda expanded di!ering views on the most important foreign to cover emerging issues beyond traditional policy issues at stake in November. Several can- national security topics. This vision paid big didates also took advantage of the opportunity dividends this year as global health—an area in to speak at the Council and receive briefings which the Council boasts an impressive bench from its experts. of experts on sta!, on its board of directors, 6 Chairman Vice Chairman Vice Chairman David M. Rubenstein Blair E)ron Jami Miscik and among its membership—became every- country and the world to the killing of George one’s primary focus. The launch of the Think Floyd, the impact of racism, and the debate over Global Health website, a CFR initiative, was the use of the armed forces on American soil. timely, o!ering in-depth coverage of COVID- Tra"c to the two websites topped '.( million #$ as well as analyses on how health intersects visits in May. with other global issues, including the environ- All the while, despite travel restrictions ment, migration, and urbanization. This year that rendered in-person activities impossible, also saw the formal launch of World#&#, CFR’s the Council continued to reach beyond its online modular course that focuses on the fun- membership base, making sure to involve edu- damental concepts of international relations cators, students, religious leaders, state and and foreign policy. Not only has the importance local officials, and local journalists in the con- of understanding how the world works become versation on the pandemic and U.S. foreign even more urgent in light of the pandemic, but policy more broadly. Record participation by with students now learning from home, educa- all these groups showcased the broad desire tors are eager for new models and platforms for for the sort of smart, credible information and remote instruction. analysis that the Council regularly produces CFR.org and ForeignA!airs.com expanded and disseminates. what they did and found new readers. CFR.org Thanks to the foresight and the commit- created a special topic page to curate all of ment of Richard Haass and the entire sta!, its coronavirus coverage, including explain- the Council was well positioned to continue to ers on the Centers for Disease Control and operate at a fast pace and a high level in chal- Prevention and on U.S. strategic stockpiles, lenging circumstances. I am confident that this as well as a timeline of major epidemics will not change. The Council will continue to throughout history. CFR.org content became fulfill its mission: to help its members, govern- a prominent fixture on the Google News ment o"cials, business executives, journalists, search page, with CFR content achieving top and other interested citizens better understand ten Google rankings for at least ten topics. the world and the foreign policy choices facing ForeignA!airs.com also provided extensive the United States and other countries at this paywall-free coverage of the pandemic, pub- critical time in the history of our country and lishing more than one hundred articles by the world and as we approach the Council’s renowned experts. In June, coverage expanded centennial in %&%#. yet again to reflect the responses across the 7 President’s Message President Richard N. Haass Following World War I, an intense debate This understanding lasted until recently. about America’s global role gripped the To be clear,
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