The Foundation allocates about 90 percent of the grant money each year to four highly targeted areas and works intensively with grantees in each area. These targets are a network of specialized agencies to provide permanent homes for children who are parentless or handicapped; alternatives to institutionalization of the mentally retarded and criminal offenders; research to control the tropical disease of schistosomiasis or snail fever, which affects millions of the rural poor throughout the world; and modest activities to improve public and private programs designed to provide stable jobs for both the structurally unemployed and the chronically underemployed. Lists of grantees and the amounts of their awards are presented individually, accompanied by general descriptions of their programs. Recent grant recipients include Child Welfare Information Services, Inc., Seton Hall University School of Law, and the Naval Medical Research Institute. Highlights of the foundation's financial statements for 1977 and 1978 and a list of officers are also provided.