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- Along with his son, John,he created philanthropic and educational institutions, many of which survive today. These include the University of Chicago (founded 1892) in Illinois and the Rockefeller Institute for Medical Research (renamed Rockefeller University) (1901) and the Rockefeller Foundation (1913), both in New York, New York.
www.britannica.com/summary/John-D-Rockefellers-Achievements
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Oct 13, 2013 · John Davison Rockefeller was a Christian, an industrialist and a great philanthropist who founded, among other institutions, the University of Chicago and The Rockefeller Institute for Medical Research (now known as Rockefeller University) in New York City.
- Inter-Generational Collaboration
- Personal Endeavors
- Ripple Effects
- Emerging Trend: Venture Philanthropy
Another issue that many philanthropic families face is the distribution of resources over a growing number of children in each successive generation. Unless a family’s fortune continues to grow significantly, children will likely have fewer resources to contribute to philanthropy than their parents did. To have the same impact as earlier generation...
Individual Rockefeller family members also maintain their own funds for personal giving. 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. These family members rotate into governance roles of the Fu...
The ripple effects of this initiative continue to influence younger Rockefellers. Allison Whipple Rockefeller, an active participant in the community gardens collaborative, established the Cornerstone Parks Fund, which seeks to rehabilitate abandoned gas stations in New York State into parks and community centers that will provide access to educati...
The Rockefellers’ entrepreneurial founding of nonprofit organizations has qualities in common with the recent trend of venture philanthropy. In both models, donors examine an issue or trend, commit themselves to effecting change and have a direct hand in the work of the organizations their grants support. But the Rockefeller value of personal inves...
Together, Frederick T. Gates and Rockefeller’s only son, John D. Rockefeller, Jr. (JDR, Jr.), worked with Rockefeller to promote the evolution of large-scale philanthropy. They remade personal charity into an organized, institutional enterprise modeled on corporate business practices.
Rockefeller Foundation, U.S. philanthropic organization. It was endowed by John D. Rockefeller of the famed Rockefeller family and chartered in 1913 to alleviate human suffering worldwide. Rockefeller was assisted in its management by his son John D. Rockefeller, Jr.
- The Editors of Encyclopaedia Britannica
The Rockefeller Foundation is an American private foundation and philanthropic medical research and arts funding organization based at 420 Fifth Avenue, New York City. [3] The foundation was created by Standard Oil magnate John D. Rockefeller ("Senior") and son " Junior ", and their primary business advisor, Frederick Taylor Gates , on May 14 ...
Rockefeller’s next great philanthropic achievement was in the uncharted territory of medical research. In 1897, Gates approached Rockefeller with a bold proposition: to launch a medical clinic, more laboratory than hospital, in order to study the cause and cure of diseases.
At the urging of Frederick T. Gates, perhaps his most trusted philanthropic adviser, Rockefeller became increasingly devoted to medical research. In 1901, he funded the Rockefeller Medical Research Institute in New York City.
