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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, 1913, when its charter was granted by New York. [4]
About Us. The Rockefeller Foundation’s mission—unchanged since 1913—is to promote the well-being of humanity throughout the world. Today the Foundation advances new frontiers of science, data, policy, and innovation to solve global challenges related to health, food, power, and economic mobility. As a science-driven philanthropy focused ...
- The Standard Oil Company
- Philanthropy
- The University of Chicago
- Corporate Philanthropy
- The Rockefeller Institute For Medical Research
- The General Education Board
- Rockefeller Sanitary Commission
- The Rockefeller Foundation
- Other Rockefeller Philanthropic Support
- Family Life
JDR’s stake in the oil industry increased as the industry itself expanded, spurred by the rapidly spreading use of kerosene for lighting. In 1870 he organized The Standard Oil Company with his brother William, Andrews, Henry M. Flagler, Steven V. Harkness, and others. It had a capital of $1 million. By 1872 Standard Oil had purchased nearly all the...
JDR was 57 years old in 1896 when he decided that others should take over the daily leadership of Standard Oil. He now focused his efforts on philanthropy, giving away the bulk of his fortune in ways designed to do the most good as determined by careful study, experience, and the help of expert advisers. From the time he began earning money as a ch...
As his wealth grew in 1880s, JDR came to favor a cooperative and conditional system of giving in which he would support a project if others interested in it also provided substantial financial support. Thus he participated in the founding of the University of Chicago with the American Baptist Education Society by offering $600,000 of the first $1 m...
JDR recognized the difficulties of wisely applying great funds to human welfare, and he helped to define the method of scientific, efficient, corporate philanthropy. To help manage his philanthropy, he hired the Rev. Frederick T. Gates, whose work with the American Baptist Education Society and the University of Chicago inspired JDR’s confidence. W...
In 1901 JDR founded the Rockefeller Institute for Medical Research (now The Rockefeller University) for the purpose of discovering the causes, manner of prevention, and the cure of disease. A few of the noted achievements of its scientists are the serum treatment of spinal meningitis and of pneumonia; knowledge of the cause and manner of infection ...
In 1902 JDR established the General Education Board (GEB) for the “promotion of education within the United States without the distinction of race, sex or creed.” Between 1902 and 1965, the GEB distributed $325 million to improve education at all levels, with emphasis upon higher education, including medical schools. In the south, where there was s...
In 1909 JDR combined his special interest in the U.S. south with his interest in public health to create the Rockefeller Sanitary Commission for the Eradication of Hookworm Disease. Its purposse was to fund a cooperative movement to cure and prevent hookworm disease, which was especially devastating in the southern states. The commission launched a...
In 1913 JDR established the Rockefeller Foundation to “promote the well-being of mankind throughout the world.” In keeping with this broad commitment, the foundation has given important global assistance to public health, medical education, improved food production, scientific advancement, social research, and the arts. The foundation’s Internation...
In addition to creating several corporate philanthropies, JDR continued to make personal donations to the following: theological schools; the Palisades Interstate Park Commission; victims of the 1906 San Francisco earthquake; the Anti-Saloon League; Baptist missionary organizations; various YMCAs and YWCAs; parks in Cleveland; and colleges and univ...
John D. Rockefeller married Laura C. Spelman, a teacher, on September 8, 1864, in Cleveland. They had five children: Bessie, Alice, Alta, Edith, and John Jr., who inherited much of the family fortune and continued his father’s philanthropic work. In the 1870s, JDR began to make business trips to New York, and soon he started bringing his family for...
In 1870, Flagler convinced Rockefeller to transform the partnership of Rockefeller, Andrews, and Flagler into a corporation named Standard Oil. Standard Oil expanded rapidly, both horizontally by buying up other oil refining companies, and vertically by acquiring oil wells and transportation routes and selling products at the retail level.
May 17, 2018 · John Davison Rockefeller. John Davison Rockefeller (1839-1937), American industrialist and philanthropist, founded the Standard Oil Company, the University of Chicago, and the Rockefeller Foundation. John D. Rockefeller was born on July 8, 1839, in Richford, N.Y. His father owned farm property and traded in many goods, including lumber and ...
What We Believe. In 1913, John D. Rockefeller established a foundation to use science and technology to solve humanity’s toughest problems at their roots, rather than alleviate their symptoms with charity. 111 years later, we come to work each day with the same ambitious mindset: we can help solve humanity’s biggest problems like climate change, not just settle for small improvements.
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The Rockefeller Foundation and its International Health Commission (later Board in 1916 and then Division in 1927) ambitiously set out “to promote the well-being of mankind throughout the world.” [3] Under the leadership of Wickliffe Rose , the Foundation quickly achieved success in the United States with the hookworm campaign of the Rockefeller Sanitary Commission.
