Two big milestones marked 2014 for the Smithsonian Institution. First, Dr. David Skorton was elected 13th Secretary. Academic leader, cardiologist, and musician, Dr. Skorton and his wife, Professor Robin Davisson, come to the Smithsonian from Cornell University. Dr. Skorton has served as Cornell's president since 2006 and holds academic appointments in its colleges of medicine and engineering. Dr. Skorton's distinguished career includes research in congenital heart disease, cardiac imaging and image processing. The second big milestone marking 2014 was the launching of the Smithsonian Campaign to raise $1.5 billion. On October 20, the Smithsonian Board of Regents publicly announced the national campaign, which continues through 2017, and its goal, the most ambitious in history for a cultural institution. A wonder of the world and a source of pride for the country, the Smithsonian is free and open to the public 364 days a year. Congress and the American people provide its solid financial foundation, but generous donors, willing to invest in ideas, are transforming it to meet the needs of an increasingly diverse and interconnected world. [For the 2013 Annual Report, see ED583496.]