This report summarizes 1995 activities of the Inter-American Foundation (IAF), an independent agency of the U.S. government. The IAF promotes equitable, responsible, and participatory self-help development in the Caribbean and Latin America by awarding grants directly to local grassroots organizations, as well as to larger organizations that provide local groups with credit, technical assistance, training, and marketing services. Going beyond direct funding, the IAF has launched resource mobilization initiatives through which nongovernmental organizations can pressure governments and private businesses to allocate more resources to sustainable grassroots development, and can decrease dependence on foreign aid by drawing on local public- and private-sector resources. Of $22.9 million in IAF grants, 29 percent supported food production and agriculture; 27 percent funded education and training; 26 percent funded small-enterprise development; and the remainder funded projects related to research and dissemination, ecodevelopment, housing, cultural expression, and health. Educational funding covered such areas as education and training for women, animal husbandry, agricultural education, adult education, health education, literacy education, youth education, organizational development, leadership training, and natural resource management. The IAF also approved $3.7 million for In-Country Support (ICS) programs that contract with local development professionals in Latin America and the Caribbean in facilitating assistance and training to grantees in areas such as operational management, financial administration, resource mobilization, marketing, project evaluation, small business development, and agronomy. This report briefly describes approximately 250 regular grants and approximately 500 ICS grants awarded in 1995, lists foreign graduate students awarded fellowships to study in the United States, profiles fellows and their goals for grassroots development, lists IAF publications and videos, and summarizes financial information. Includes many photographs. (LP)