Marion Bayard Folsom (November 23, 1893–September 27, 1976) was born in McRae, Georgia He was a graduate of the University of Georgia and received a master's degree from the Harvard Graduate School of Business Administration. He was U.S. Under Secretary of the Treasury from 1953 to 1955 and U.S. Secretary of Health, Education, and Welfare from 1955 through 1958. He served as a Captain in the U.S. Army during World War I and was a member of the American Academy of Arts and Sciences. From 1935 to 1953 he served as the Treasurer of the Eastman Kodak Company. In 1914 he joined the Eastman Kodak Company. After serving with the Army in World War I, he returned to Kodak where he developed one of the Nation's first private industry social security plans.
In 1934 he was appointed by President Roosevelt as a member of the Advisory Council on Economic Security, which laid the foundation for the present Social Security program. For the next twenty-one years Mr. Folsom commuted between his job as treasurer for Eastman Kodak, located in Rochester, NY, and various Washington posts. He resigned from Eastman Kodak in 1953 to become Under Secretary of the Treasury. Following his death in 1976, he was buried in Arlington National Cemetery (Section 11, Grave 68-2).
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| Persondata |
| Name |
Folsom, Marion B. |
| Alternative names |
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| Short description |
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| Date of birth |
November 23, 1893 |
| Place of birth |
McRae, Georgia |
| Date of death |
September 27, 1976 |
| Place of death |
Sacramento, California
Spouse = Mary Davenport Folsom
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