1840–?) The bank's earnings more than doubled between 1976 and 1980, far outpacing its rival Citibank in return on assets. Mr. Rockefeller previously served as Chairman of the Rockefeller Foundation and Rockefeller Brothers Fund, as well as President of the Rockefeller Family Fund. [31], In 1964, along with other American business figures such as Sol Linowitz, Rockefeller founded the non-profit International Executive Service Corps which encourages developing nations to promote private enterprise. [46], Rockefeller was a noted internationalist. In 1973, Chase established the first branch of an American bank in Moscow, in the then Soviet Union. [44] The New York Times estimated in November 2006 that his total charitable donations amount to $900 million over his lifetime, a figure that was substantiated by a monograph on the family's overall benefactions, entitled The Chronicle of Philanthropy. [40], In the 1980s, Rockefeller became embroiled in controversy over the mortgaging and sale of Rockefeller Center to Japanese interests. For young and old, the day began as the family assembled at Kykuit, the threestory, weathered fieldstone mansion built in 1908 on the crest of a hill by John D. Rockefeller Jr… Abby was a daughter of Rhode Island U.S. That year Rockefeller traveled to China, resulting in his bank becoming the National Bank of China's first correspondent bank in the U.S.[14]. Diana Newell Rowan – David Rockefeller Jr. Sarah Elizabeth "Elsie" Stillman (1872–1935) – William Goodsell Rockefeller, Isabel Goodrich Stillman (1876–1935) – Percy Avery Rockefeller. Family unity maintained over the decades - see John Ensor Harr and Peter J. Johnson. In 1991, the family was presented with the Honor Award from the National Building Museum for four generations worth of preserving and creating some of the U.S.'s most important buildings and places. [38] At present, the archives of John D. Rockefeller, Sr., William Rockefeller, John D. Rockefeller, Jr., Abby Aldrich Rockefeller, Abby Rockefeller Mauzé, John D. Rockefeller III, Blanchette Rockefeller, and Nelson Rockefeller are processed and open by appointment to readers in the Archive Center's reading room. [9] The chairman at that time was Rockefeller's uncle Winthrop W. [23] Rockefeller supported his "opening of China" initiative in 1971 as it afforded banking opportunities for the Chase Bank. [21][22] He named Kissinger to the board of trustees of the Rockefeller Brothers Fund, and consulted with him frequently, with the subjects including the Chase Bank's interests in Chile and the possibility of the election of Salvador Allende in 1970. [3] The Rockefeller family originated in Rhineland in Germany and family members moved to the New World in the early 18th century, while through Eliza Davison, with family roots in Middlesex County, New Jersey, John D. Rockefeller and William Rockefeller Jr. and their descendants are also of Scotch-Irish ancestry. For the name in general, see, American industrial, political and banking family. Wendy Gordon – Laurance "Larry" Rockefeller Jr. Jievute "Bobo" Paulekiute (1916–2008) – Winthrop Rockefeller, Jeannette Edris (1918–1997) – Winthrop Rockefeller, Deborah Cluett Sage – Winthrop Paul Rockefeller, Lisenne Dudderar – Winthrop Paul Rockefeller, Margaret "Peggy" McGrath (1915–1996) – David Rockefeller. [10] The Chase Bank was primarily a wholesale bank,[11] dealing with other prominent financial institutions and major corporate clients such as General Electric (which had, through its RCA affiliate, leased prominent space and become a crucial first tenant of Rockefeller Center in 1930). (daughter from Nancy Brown), Mary Ann Rockefeller (1843–1925) (m. 1872) William Cullen Rudd, William W. Rockefeller (1788–1851) (m. early 19th century) Eleanor Kisselbrack (1784–1859), Mary Adeline Prentice Gilbert (1907–1981) (m.1937) Benjamin Davis Gilbert (1907–1992), Spelman Prentice (1911–2000) (m.3rd.1972) Mimi Walters (four children), Harold Fowler McCormick Jr. (1898–1973) (m.1931) Anne "Fifi" Potter (1879–1969), Muriel McCormick (1902–1959) (m.1931) Elisha Dyer Hubbard (1906), Mathilde McCormick (1905–1947) (m.1923) Max Oser (1877–1942) (one child), Abigail Rockefeller "Abby" "Mitzi" Milton O'Neill (1928-2017) m. George Dorr O'Neill Sr. (five children), Marilyn Ellen Milton (1931–1980) (two children), John Davidson Rockefeller V (born 1969) m. Emily Tagliabue, Mary Clark Rockefeller (born 1938) m.1st (1961-1974) William J. Strawbridge (three children), Nelson Aldrich Rockefeller Jr. (born 1964), David Rockefeller Jr. (born 1941) (m. 1st divorced) Diana Newell-Rowan (m. 2nd 2008) Susan Cohn (two children), William Avery Rockefeller III (1896–1973) (three children), Isabel Lincoln (1927-2016) m. Basil Beebe (Stephen Basil) Elmer Jr. (1924-2007), Veronica Hoyt Elmer m. Clinton Richard Kanaga, Calista Lincoln (1930-2012) m. Henry Upham Harder (1925-2004), Frederic Walker Lincoln Harder (b. Many years ago, the Rockefeller family donated the land in the initial creation of the Saint-Barth "Zone Verte," or Green Zone, which is an area which cannot be developed. The present chairman is David Rockefeller Jr. David Rockefeller was born in New York City, and grew up in a nine-story house at 10 West 54th Street, then the largest private residence in the city. The fortune was made in the American petroleum industry during the late 19th and early 20th centuries by John D. Rockefeller and his brother William Rockefeller, primarily through Standard Oil (the predecessor of ExxonMobil and Chevron Corporation). [29] Also in 1953, he had befriended William Bundy, a pivotal CIA analyst for nine years in the 1950s, who became the Agency liaison to the National Security Council, and a subsequent lifelong friend. In 1992, at a Council sponsored forum, Rockefeller proposed a "Western Hemisphere free trade area", which became the Free Trade Area of the Americas in a Miami summit in 1994. ", He was faulted for spending excessive amounts of time abroad, and during his tenure as CEO the bank had more troubled loans than any other major bank. At LSE he first met the future President John F. Kennedy (although he had earlier been his contemporary at Harvard) and once dated Kennedy's sister Kathleen. In turn, most of these trusts were held as shares in the successor companies of Standard Oil, as well as diverse real estate investment partnerships, such as the expansive Embarcadero Center in San Francisco, which he later sold for considerable profit, retaining only an indirect stake. This was partly achieved by regular brothers and family meetings, but it was also because of the high value placed on family unity by first Nelson and John III, and later especially with David. They are administered by a trust committee that oversees the fortune. 1954), Gertrude Upham Lincoln Harder (b. Processed portions of the papers of Laurance Rockefeller are also open. His fortune was estimated at $3.3 billion at the time of his death in March 2017.[1]. Chernow, R. (1998). This page was last edited on 21 April 2021, at 02:16. Susan & David Rockefeller, Jr. 2009 We Are Family Visionary Award Honorees David Rockefeller, Jr. David Rockefeller, Jr. is a Director and former Chairman of Rockefeller & Co. and has been an active participant in the non-profit arena, especially in the areas of the environment, arts and public education. [35] In 1965, Rockefeller and other businessmen formed the Council of the Americas to stimulate and support economic integration in the Americas. On a smaller scale, members of David Rockefeller’s family collaborate with each other to manage the DR Fund, from which grants are allocated with active participation by his children and grandchildren. By 1981 the bank's finances were restored to full health. Also during this period, Chase Manhattan expanded its influence over many non-financial corporations. Women in the family with no control over the family fortune—see Bernice Kert, Managing the family wealth, 1992 New York Times article. [55] The collection, valued at several hundred million dollars, was auctioned in the spring of 2018, with proceeds going to several designated nonprofit organizations, including Rockefeller University, Harvard University, the Museum of Modern Art, the Council on Foreign Relations, and the Maine Coast Heritage Trust.[56]. There he financed international trade in a number of commodities, such as coffee, sugar and metals. He grew up in an eight-story house at 10 West 54th Street, the tallest private residence ever built in the city. The money will be used to create the David Rockefeller Global Development Fund, to support projects that improve access to health care, conduct research on international finance and trade, fight poverty, and support sustainable development, as well as to a program that fosters dialogue between Muslim and Western nations. In 1960, when his brother Nelson Rockefeller was governor of New York, David Sr. successfully pressed for a repeal of a New York state law that restricted Chase Manhattan Bank from operating outside the city. The Kykuit section of the Rockefeller family compound is the location of The Pocantico Conference Center of the Rockefeller Brothers Fund – established by David and his four brothers in 1940 – which was created when the Fund leased the area from the National Trust for Historic Preservation in 1991. O'Neill was the eldest grandchild of American business magnate John D. Rockefeller, Jr. and Abby Aldrich Rockefeller. Rockefeller was the youngest child of John D. Rockefeller Jr. and Abby Aldrich Rockefeller, and a grandson of John D. Rockefeller and Laura Spelman Rockefeller. During World War II he served in North Africa and France (he spoke fluent French) for military intelligence setting up political and economic intelligence units. John Davison Rockefeller Jr. (January 29, 1874 – May 11, 1960) was an American financier and philanthropist who was a prominent member of the Rockefeller family. [30] Moreover, in Cary Reich's biography of his brother Nelson, a former CIA agent states that David was extensively briefed on covert intelligence operations by himself and other Agency division chiefs, under the direction of David's "friend and confidant", CIA Director Allen Dulles. [26] His son, Junior, also gave away over $537 million over his lifetime, bringing the total philanthropy of just two generations of the family to over $1 billion from 1860 to 1960. CNN writer Matt Egan noted, "This divestment is especially symbolic because the Rockefeller Foundation was founded by oil money. [4] He also studied economics for a year at Harvard and then a year at the London School of Economics (LSE). 1955) m. James Briggs, Holly Harris Harder (b. The Rockefeller name is imprinted in numerous places throughout the United States, most notably in New York City, but also in Cleveland, where the family originates: John Jr., through his son Nelson, purchased and then donated the land upon which sits the United Nations headquarters, in New York, in 1946. He noted that Rockefeller had cut profitable deals with "oil-rich dictators", "Soviet party bosses" and "Chinese perpetrators of the Cultural Revolution". [9][41] In 2000, Rockefeller presided over the final sale of Rockefeller Center to Tishman Speyer Properties, along with the Crown family of Chicago, which ended the more than 70 years of direct family financial association with Rockefeller Center. [5] He also funded the notable excavations at Luxor in Egypt, as well as establishing a Classical Studies School in Athens. [45], He published Memoirs in 2002, the only time a member of the Rockefeller family has written an autobiography. The New York Times columnist David Brooks wrote in 2002 that Rockefeller "spent his life in the club of the ruling class and was loyal to members of the club, no matter what they did." [14] Chief among them: Over the generations, the family members have resided in some notable historic homes. David Rockefeller Jr. said the family hoped for a 10 percent annual return on its investments and was looking abroad for opportunities. In 1985, the Rockefeller family mortgaged the property for $1.3 billion, with $300 million of that going to the family. Beginning with John D. Rockefeller Sr., the family has been a major force in land conservation. He has held many positions amongst Rockefeller-related entities, as well as in nonprofits that support the arts and the environment. David Rockefeller, Jr., is a longstanding businessman and philanthropist. In 1979, he used his high-level contacts to bring Mohammad Reza Shah of Iran, who had been overthrown in the Iranian Revolution and was in poor health, for medical treatment in the United States. There is also a dock in the Baie de Colombier. This action was criticized for surrendering a major U.S. landmark to foreign interests. Although the mayor pointed out to the press that Rockefeller was only one of 60 interns in the city government, his working space was, in fact, the vacant office of the deputy mayor. [39], The total number of blood relative descendants as of 2006 was about 150. In addition to this is Senior and Junior's involvement in seven major housing developments: Senior's donations led to the formation of the, In the 1920s, the International Education Board granted important fellowships to pathbreakers in modern mathematics, such as, To help promote cooperation between physics and mathematics Rockefeller funds also supported the erection of the new Mathematical Institute at the, The rise of probability and mathematical statistics owes much to the creation of the. Summing up a predominant view among the international philanthropic world, albeit one poorly grasped by the public, one sentence of this statement read: "The contributions of the Rockefeller family are staggering in their extraordinary range and in the scope of their contribution to humankind. [56] In May 2015, he donated one thousand acres of land in Seal Harbor to the Mount Desert Land and Garden Preserve. As is their Right, yet the people should require Justice through their Department of Justice. The property was recently listed for over $100 million, but is not currently used as a residence and the main house has fallen into disrepair. [21] Not including all homes owned by the five brothers, some of the more prominent of these residences are: Kykuit, the landmark family home in Sleepy Hollow, New York, The Casements, the family's former winter residence in Florida, Prominent banker and philanthropist David Rockefeller Sr. was the family patriarch until his death in 2017. It is a place where, as Mr. Rockefeller describes it, “they can cut their teeth” as junior philanthropists. The name Dulany is her middle name, taken from her mother's side of the family. [7] From 1941 to 1942, Rockefeller was assistant regional director of the United States Office of Defense, Health and Welfare Services. Aldrich. John D Jr. established International House at Berkeley. An inspiring answer to that question. ", Manhattan: A Rockefeller Plans a Huge Bequest, The Power Broker: Robert Moses and the Fall of New York, Great Fortune: The Epic of Rockefeller Center, The Prize: The Epic Quest for Oil, Money, and Power, Newspaper clippings about Rockefeller family, https://en.wikipedia.org/w/index.php?title=Rockefeller_family&oldid=1020318234, American families of Scotch-Irish ancestry, Wikipedia articles needing factual verification from August 2019, Short description is different from Wikidata, Articles lacking in-text citations from August 2018, Articles with unsourced statements from November 2016, Articles with unsourced statements from September 2019, Wikipedia articles needing clarification from September 2019, Wikipedia articles with WorldCat-VIAF identifiers, Creative Commons Attribution-ShareAlike License. The study finds that: "The Rockefeller-controlled Chase Manhattan Bank tops the list, controlling 16 companies. The Rockefeller family (/ˈrɒkəfɛlər/) is an American industrial, political, and banking family that owns one of the world's largest fortunes. Carnegie Corporation of New York, Celebrating 100 years of Andrew Carnegie's Philanthropy - awarding the inaugural. After the war and alongside his work at Chase, Rockefeller took a more active role in his family's business dealings. In addition, he provided the funding for the construction of the Palestine Archaeological Museum in East Jerusalem - the Rockefeller Museum.[32]. "[25], John D. Rockefeller gave away US$540 million over his lifetime (in dollar terms of that time), and became the greatest lay benefactor of medicine in history. Rockefeller Quad at the Loomis Chaffee School, Lucy Rockefeller (1838–1878) (m. 1856) Pierson D. Briggs, Clorinda Rockefeller (c. [29] The ceremony coincided with an exhibition on the family's contributions to the built environment, including John Sr.'s preservation efforts for the Hudson River Palisades, the restoration of Williamsburg, Virginia, construction of Rockefeller Center, and Governor Nelson's efforts to construct low- and middle-income housing in New York state.[30]. degree from Harvard University (1936), did graduate study in economics at Harvard and at the London School of Economics, and then earned a Ph.D. … David Rockefeller Jr. is a philanthropist and an active participant in nonprofit and environmental areas. Former Chase chairman John J. McCloy said at the time that he did not believe that Rockefeller would not go down in history as a great banker but as a "real personality, as a distinguished and loyal member of the community". In addition, the Archive Center has a microfilm copy of the Winthrop Rockefeller papers, the originals of which are held at the University of Arkansas, Little Rock. Listing of University of Chicago Nobel Laureates, News Office, University of Chicago website, undated. [27] Added to this, the New York Times declared in a report in November 2006 that David Rockefeller's total charitable benefactions amount to about $900 million over his lifetime.[28]. [24], Though a lifelong Republican and party contributor, he was a member of the moderate "Rockefeller Republicans" that arose out of the political ambitions and public policy stance of his brother Nelson. [1] The family had a long association with, and control of, Chase Manhattan Bank. [60], Carnegie Endowment for International Peace, Global Development and Environment Institute, David Rockefeller Center for Latin American Studies, United States Council for International Business, "James S. Rockefeller, 102, Dies; Was a Banker and a '24 Olympian", "Daytonian in Manhattan: The Lost J. D. Rockefeller Jr. House – No. [2] Rockefeller was the youngest child of John D. Rockefeller Jr. and Abby Aldrich Rockefeller, and a grandson of John D. Rockefeller and Laura Spelman Rockefeller. He was the oldest living member of the third generation of the Rockefeller family, and family patriarch from August 2004 until his death in March 2017. David Sr. was twice offered the post of Treasury secretary by President Richard M. Nixon, but declined on both occasions. Neither Zuckerberg … David Kaiser, grandson of David Rockefeller Sr. and president of the Rockefeller Family Fund, said that the "...company seems to be morally bankrupt." His and the Council's chief liaison to President Bill Clinton in order to garner support for this initiative was through Clinton's chief of staff, Mack McLarty, whose consultancy firm Kissinger McLarty Associates is a corporate member of the Council, while McLarty himself is on the board of directors. [59] He also owned a large estate on the French island of St. Barth, and along with the Rothschild family, was one of the earliest developers and tourists on the island in the 1950s. During this period, he called on family contacts and Standard Oil executives for assistance. The Standard Oil fortune heir and banker had six children: Richard, David Jr., Abby, Neva, Peggy and Eileen; and 10 grandchildren. David Rockefeller Jr., Maureen Hess, Patti Cisneros, David Rockefeller, Glenn D. Lowry and Susan Cohn Rockefeller attend 2016 David Rockefeller Award... Darren Walker, Susan Cohn Rockefeller and David Rockefeller Jr. David's five elder siblings were Abby, John III, Nelson, Laurance, and Winthrop. [4], The Rockefeller family originated in Rhineland in Germany and can be traced to the town Neuwied in the early 17th century. 1953) m. Karin J. E. Bolang (b. The extended family also became involved in their own philanthropic organization, formed in 1967 and primarily established by third-generation members, called the Rockefeller Family Fund.
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