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The Rockefeller family (/ ˈ r ɒ k ə f ɛ l ər / ROCK-ə-fell-ər) is an American industrial, political, and banking family that owns one of the world's largest fortunes. The fortune was made in the American petroleum industry during the late 19th and early 20th centuries by brothers John D. Rockefeller and William A. Rockefeller Jr., primarily through Standard Oil (the predecessor of ...
The Rockefeller Brothers Fund (RBF) is a philanthropic foundation created and run by members of the Rockefeller family. It was founded in New York City in 1940 as the primary philanthropic vehicle for the five third-generation Rockefeller brothers: John , Nelson , Laurance , Winthrop and David .
Rockefeller served as chairman of Rockefeller Center, Inc., from 1945 to 1953 and 1956 to 1958, and began a program of physical expansion there. In 1940, he and his four brothers established the Rockefeller Brothers Fund, a philanthropy; he served as a trustee from 1940 to 1975 and 1977 to 1979, and as president in 1956. He established the ...
[citation needed] In February 1865, in what was later described by oil industry historian Daniel Yergin as a "critical" action, Rockefeller bought out the Clark brothers for $72,500 (equivalent to $1 million [39] in 2024 dollars) at auction and established the firm of Rockefeller & Andrews. Rockefeller said, "It was the day that determined my ...
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]
However, Rockefeller fell out with his brothers and left Standard Oil in 1898. The rift was caused by John D. not taking consideration of Frank's other interests in the Pioneer Oil Company, and quarrels with Frank's partner, James Corrigan, with whom he owned the Franklin Mine near Lake Superior.
Venture capitalist Laurance S. Rockefeller (1910–2004) was the fourth of the six children of John D. Rockefeller Jr. In January 1946 he formed Rockefeller Brothers, Inc., one of the first postwar venture-capital operations, starting with a capitalization of $1.5 million.
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.