At three o'clock there was held the business session of the Association. The reports of the Director and the Secretary-Treasurer were read and, after favorable comment, were accepted and approved by vote of the Association. These reports follow: THE REPORT OF THE DIRECTOR. With respect to the most difficult task of the Director, that of raising money, the work of the Association has been eminently successful. Encouraged by the appropriation of $25,000 obtained from the Carnegie Corporation last year, the Director appealed to several boards for the same consideration. Last February one of these, the Laura Spelman Rockefeller Memorial, appropriated $25,000 to this work, payable in annual installments of $5,000, as in the case of that obtained from the Carnegie Corporation. It is to be regretted, however, that smaller contributions, heretofore yielding most of the income of the Association prior to obtaining the two appropriations, have diminished in number and amount. Appealed to repeatedly, many of these persons give the heavy income tax as an excuse, while not a few make the mistake of thinking that the other funds received by the Association are sufficient to take care of the general expenses. During the fiscal year 1921-1922, thirty-seven persons, most of whom were Negroes, contributed $25.00 each, whereas during the previous fiscal year the number was larger. The following report of the Secretary-Treasurer shows how these funds have been used: FINANCIAL STATEMENT OF THE SECRETARY-TREASURER WASHINGTON, D. C., July 1, 1922 THE ASSOCIATION FOR THE STUDY OF NEGRO LIFE AND HISTORY, INC., WASHINGTON, D. C. _Gentlemen_: I hereby submit to you a statement of the amount of money received and expended by the Association for the Study of Negro Life and History, Incorporated, from July 1, 1921, to June 30, 1922, inclusive: _Receipts_ Subscriptions $ 1,772.63 Memberships 241.00 Contributions 9,113.75 Advertising 195.45 Rent and Light 180.14 Books 1.70 Refunds 50.42 ---------- Total receipts $11,555.09 Bal. on hand July 1, 1921 43.09 ---------- $11,598.18