RF Annual Report - 1935 - The Rockefeller Foundation

170 THE ROCKEFELLER FOUNDATION
Hole Oceanographic Institution for building and
other construction, boats, equipment, and endowment
of upkeep, and another $ 1,000,000 in
partial endowment of the scientific work of this
institution. An
additional 3500,000 was appropriated
for current expenses over ten years
terminating March 4, 1940, at the rate of $50,-
000 annually. In 1935 a further sum of jSl,000,OQO
was appropriated to the Woods Hole Oceanographic
Institution for endowment, uponcondition
that the institution agree to cancel, as of
date of such contribution to endowment, the
Foundation's present appropriation to current
maintenance. This condition was met. The contribution
to endowment was made on October
21,1935.
The principal functions of the Woods Hole
Oceanographic Institution are to furnish the
physical facilities for Oceanographic work at sea,
to maintain the necessary laboratory headquarters
for this purpose, to stimulate interest and
recruit trained personnel, to cooperate with
other institutions, and to carry on an active program
of Oceanographic research. Its purpose is
to encourage and
carry on the study of all
branches of oceanography. To this end it maintains
at Woods Hole, Massachusetts, a marine
laboratory, which serves as the headquarters of
its regular staff, The location of the laboratory
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