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CFR is a prestigious nonpartisan policy group that specializes in international relations and diplomacy. Founded in 1921, the CFR brings together academics, current and former policy makers, government officials, and members of the media to discuss and debate contemporary issues. The organization's primary goal is to serve as a resource for policy makers and to inform the American public about important issues in international affairs.

The CFR grew out of meetings by American delegates at the Versailles Peace Conference in 1919. A parallel organization, the Royal Institute of International Affairs (RIIA), was created in Great Britain, and the two groups have cooperated through the years on a range of projects and topics. The CFR originally had 75 members, but that number grew to more than 4,000 by the 1980s. The group regularly conducts conferences and commissions advisory reports on international topics. There are two categories of members: life membership, and term membership that lasts for five years and is available to promising young scholars and officials between the ages of 30 and 36. Potential members must be American citizens (or in the process of gaining citizenship) and be nominated by existing CFR members. The CFR is led by a 31-member Board of Directors.

Since the 1930s, most secretaries of state and secretaries of defense have been members of the group. The CFR publishes the influential journal Foreign Affairs, which regularly contains articles by leading policy makers; by 2006, 11 sitting or former secretaries of state had contributed essays. Prominent past or current members of the CFR include former secretary of state Madeleine Albright, former news anchor Tom Brokaw, and former United Nations ambassador Richard C. Holbrooke. The group has been criticized through the years as an elitist organization that perpetuates the dominance of the wealthy and upper-class in U.S. foreign policy. It has also been criticized by fringe groups as one component of a larger worldwide globalization conspiracy by multinational corporations and elites to control markets and individual governments.

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