He is the oldest living member of the Rockefeller family and family patriarch since July 2004. Philanthropy is an ever-evolving effort—as the world and family shifts, so too must a family’s philanthropy. In 2006, he pledged $225 million to the Rockefeller Brothers Fund upon his death, the largest gift in the Fund's history. The Rockefeller Archive Center, John D. Rockefeller, Junior, 1874–1960, Overview of his life and philanthropy, 1997. He served in other positions and became president in 1960. He was twice […] There he financed international trade in a number of commodities, such as coffee, sugar and metals. 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. In America, he became a plantation owner and landholder in Somerville, and Amwell, New Jersey. Despite strong-willed wives who had influence over their husbands' decisions—such as the pivotal female figure Abby Aldrich Rockefeller, wife of John D. Rockefeller Jr.—in all cases they received allowances only and were never given even partial responsibility for the family fortune.[12]. During his time abroad, Rockefeller briefly worked in the London branch of what was to become the Chase Manhattan Bank. The largest donation will be either $250 million or the remaining balance of the estate that will fund the launch of the David Rockefeller Global Development Fund.[48]. Management of this fortune today also rests with professional money managers who oversee the principal holding company, Rockefeller Financial Services, which controls all the family's investments, now that Rockefeller Center is no longer owned by the family. Women in the family with no control over the family fortune—see Bernice Kert, Managing the family wealth, 1992 New York Times article. David, the last surviving grandchild of the Rockefeller patriarch, died at age 101 in March 2017, more than 20 years after his wife, Peggy. [35] In 1965, Rockefeller and other businessmen formed the Council of the Americas to stimulate and support economic integration in the Americas. Rockefeller ensured that selected members of the fourth generation, known generically as the cousins, became directly involved in the family's institutions. 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. 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. [24], Regarding achievements, in 1972, on the 100th anniversary of the founding of Andrew Carnegie's philanthropy, the Carnegie Corporation, which has had a long association with the family and its institutions, released a public statement on the influence of the family on not just philanthropy but encompassing a much wider field. By 1981 the bank's finances were restored to full health. 1940) m. Thomas Lloyd Short. David Sr. was twice offered the post of Treasury secretary by President Richard M. Nixon, but declined on both occasions. 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. [7] From 1941 to 1942, Rockefeller was assistant regional director of the United States Office of Defense, Health and Welfare Services. David Rockefeller (June 12, 1915 – March 20, 2017) was an American banker who served as chairman and chief executive of Chase Manhattan Corporation. [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. David Rockefeller Jr. said the family hoped for a 10 percent annual return on its investments and was looking abroad for opportunities. Valerie Rockefeller Wayne, daughter of former Senator Jay Rockefeller, said, "Because the source of the family wealth is fossil fuels, we feel an enormous moral responsibility for our children, for everyone -- to move forward. Contemporary figures include Henry Kissinger, Richard Parsons (Chairman and CEO of Time Warner), C. Fred Bergsten, Peter G. Peterson (Senior Chairman of the Blackstone Group), and Paul Volcker. Family unity maintained over the decades - see John Ensor Harr and Peter J. Johnson. David Rockefeller (born June 12, 1915) is an American banker who served as chairman and chief executive of Chase Manhattan Corporation. [8][9][10], The combined wealth of the family—their total assets and investments plus the individual wealth of its members—has never been known with any precision. The bank's earnings more than doubled between 1976 and 1980, far outpacing its rival Citibank in return on assets. Mr. Rockefeller is currently a trustee of the Rockefeller Brothers Fund and the David Rockefeller Fund. David Rockefeller Jr. was born on July 24, 1941 to David Rockefeller and Let the World Know, Ranchers Say", "David Rockefeller to donate 1,000-plus acres on Mount Desert Island", "David Rockefeller - Council on Foreign Relations", "Vatican, Bilderberg and a 'Migration' Crisis", "David Rockefeller, billionaire philanthropist, dies aged 101", "Secretary of State Hillary Rodham Clinton to Receive Marshall Foundation Award", "Leading Philanthropists Get Carnegie Medals", "David Rockefeller Bridging Leadership Award", "Lehman, Rockefeller Receive Awards from Jewish Seminary", "David Rockefeller, Last of Generation in Family, Dies at 101", "Recipients of the International Leadership Award | USCIB", The Power Broker: Robert Moses and the Fall of New York, The Rockefeller Archive Center (RAC): Selected Biography, Rockefeller Brothers Fund Official Web site, Indiana Michigan Power Center (Fort Wayne), https://en.wikipedia.org/w/index.php?title=David_Rockefeller&oldid=1019014119, American chief executives of financial services companies, United States Army personnel of World War II, Members of the Steering Committee of the Bilderberg Group, People associated with the Museum of Modern Art (New York City), Knights Commander of the Order of Merit of the Federal Republic of Germany, Honorary Fellows of the London School of Economics, Wikipedia articles with BIBSYS identifiers, Wikipedia articles with CANTIC identifiers, Wikipedia articles with PLWABN identifiers, Wikipedia articles with RKDartists identifiers, Wikipedia articles with SNAC-ID identifiers, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WORLDCATID identifiers, गोंयची कोंकणी / Gõychi Konknni, Creative Commons Attribution-ShareAlike License, David Rockefeller Jr. (born July 24, 1941). "[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. [3] Rockefeller was the youngest of six children born to financier John Davison Rockefeller Jr. and socialite Abigail Greene "Abby" Aldrich.