Kofi Annan, born in 1938 in Ghana, was the seventh Secretary-General of the United Nations (from 1997 to 2006). A Ford Foundation grant made it possible for him to graduate from Macalester College in St. Paul, Minnesota in the United States in 1961. Amman later attended the MIT Sloan School of Management, Sloan Fellows programme, and received a Master's degree in Management (MBA). He began his first term as Secretary-General on January 1, 1997. On June 29, 2001, he was appointed by the General Assembly to a second term of office (from January 1, 2002 to December 31, 2006). On December 10, 2001, Annan together with the United Nations received the Nobel Peace Prize "for their work for a better organized and more peaceful world."