134. Memorandum for the Record1

SUBJECT

  • Minutes of the Meeting of the 303 Committee, 8 July 1966

PRESENT

  • Mr. Rostow, Ambassador Johnson, Mr. Vance, and Mr. Helms
  • Mr. Bill Moyers and Mr. Cord Meyer were present for Items 1 and 2

[Here follow a list of additional participants and discussion of agenda item 1.]

2. The Asia Foundation

a.

Mr. Meyer capsuled the substantial accomplishments of The Asia Foundation and the endorsements it has received throughout the years. Ambassador Johnson supported these statements. Mr. Meyer pointed specifically to the vulnerability of The Asia Foundation cover and how a gadfly publication such as Ramparts had the capability to inflict considerable damage and apparently that was their intention.

[1 paragraph (4 lines of source text) not declassified]

c.
There was some discussion of the real costs of a full endowment solution. Mr. Vance felt that the sum requested was too small. The others agreed that Mr. Meyer was instructed to arrive at a more appropriate figure which could then be checked with the principals for a telephonic vote.2
d.
Mr. Meyer then went on to point out that this was only one conspicuous example of a problem which would grow larger, and he specifically mentioned the need of a new institution created by legislation and based on [less than 1 line of source text not declassified] lines which could provide general support grants to this and similar organizations whose activities are of proven value to the United States abroad.
e.
He cited a speech by Eugene R. Black at the recent Wesleyan University commencement dealing with grants in aid.3 It was emphasized [Page 412]that substantial private contributions and those of foundations are inhibited, if not precluded, by CIA association with such organizations as The Asia Foundation. Mr. Rostow pointed out that the CIA had many times taken up the slack when other agencies were unable to come up with funds. Mr. Meyer’s suggestion was greeted with considerable interest, and Mr. Helms suggested that any committee on this subject be headed in the White House in order to give it sufficient impetus. Mr. Moyers agreed to approach Mr. Harry McPherson 4 and urged that talks continue between Mr. Meyer, Mr. McPherson and other interested parties.5 It was noted that although the committee would not operate under 303 aegis, its determinations and findings might well have a bearing on future proposals before the 303 Committee.

[Here follows discussion of other agenda items.]

Peter Jessup
  1. Source: Department of State, INR/IL Historical Files, Minutes of 303 Committee, 8/5/66. Secret; Eyes Only. Prepared by Jessup on July 9. Copies were sent to U. Alexis Johnson, Vance, and Helms.
  2. [text not declassified] (Department of State, INR/IL Historical Files, Minutes of 303 Committee, 9/15/66) [text not declassified] (Memorandum to Rostow, October 6; Johnson Library, National Security File, Intelligence File, CIA Budgets & 303 Committee, Box 2) [text not declassified]
  3. A Presidential adviser on financial matters and former president of the World Bank, Black proposed the creation of an American council for education and industrial arts to manage some of the nation’s overseas programs. (The New York Times, June 5, 1966, p. 38)
  4. Special Counsel to the President.
  5. In his October 6 memorandum (see footnote 2 above), Jessup also reported that progress among Moyers, McPherson, and Thomas L. Farmer (AID General Counsel) to create a new institution to deal with such funding “has been extremely slow with the press of other business.”