AR

“It’s not the individual
photograph, it’s what you
do with it, and who you
engage with it, that makes
it powerful.”
MARCUS BLEASDALE
National Geographic photographer
CONTENTS
Letter From Gary E. Knell 3
Inspire 6
By the Numbers 10
Illuminate 14
Teach 20
Celebrating 125 Years 24
Investing in National Geographic 33
On the cover: African migrants crowd the night shore of Djibouti city, trying to capture cell signals
from neighboring Somalia—a tenuous link to relatives seeking jobs and a better life abroad. The image, by
John Stanmeyer, was chosen as the World Press Photo of the Year and is from the first installment of the
“Out of Eden” series that was launched in the December 2013 issue of National Geographic. The series will
chronicle National Geographic Fellow Paul Salopek’s seven-year global trek from Africa to Tierra del Fuego.
Right: Another Stanmeyer photograph from “Out of Eden” illustrates the shrinking world of seminomadic
people in Ethiopia, where a wall diverts the Awash River to turn desert into vast sugarcane fields.
The Power of Philanthropy 35
Sustainability Statement 45
Financial Report 46
Tribute 48