Beyond the obvious that financially he was extremely successful and created many thousands of jobs, his philanthropy was exceeded by no one. From his very first paycheck, Rockefeller tithed ten percent of his earnings to his church. As his wealth grew, so did his giving, primarily to educational and public health causes, but also for basic science and the arts. He was advised primarily by Frederick T. Gates after 1891, and, after 1897, also by his son.
Rockefeller believed in the Efficiency Movement, arguing that
"To help an inefficient, ill-located, unnecessary school is a waste...it is highly probable that enough money has been squandered on unwise educational projects to have built up a national system of higher education adequate to our needs, if the money had been properly directed to that end."
He and his advisors invented the conditional grant that required the recipient to "root the institution in the affections of as many people as possible who, as contributors, become personally concerned, and thereafter may be counted on to give to the institution their watchful interest and cooperation."
In 1884, he provided major funding for a college in Atlanta for black women that became Spelman College (named for Rockefeller's in-laws who were ardent abolitionists before the Civil War). Rockefeller also gave considerable donations to Denison University and other Baptist colleges.
Rockefeller gave $80 million to the University of Chicago under William Rainey Harper, turning a small Baptist college into a world-class institution by 1900. He later called it "the best investment I ever made." His General Education Board, founded in 1902, was established to promote education at all levels everywhere in the country. It was especially active in supporting black schools in the South. Its most dramatic impact came by funding the recommendations of the Flexner Report of 1910, which had been funded by the Carnegie Foundation for the Advancement of Teaching; it revolutionized the study of medicine in the United States. Rockefeller also provided financial support to Yale, Harvard, Columbia, Brown, Bryn Mawr, Wellesley and Vassar.
Despite his personal preference for homeopathy, Rockefeller, on Gates's advice, became one of the first great benefactors of medical science. In 1901, he founded the Rockefeller Institute for Medical Research in New York. It changed its name to Rockefeller University in 1965, after expanding its mission to include graduate education. It claims a connection to 23 Nobel laureates. He founded the Rockefeller Sanitary Commission in 1909, an organization that eventually eradicated the hookworm disease that had long plagued the American South. The Rockefeller Foundation was created in 1913 to continue and expand the scope of the work of the Sanitary Commission, which was closed in 1915. He gave nearly $250 million to the foundation, which focused on public health, medical training, and the arts. It endowed Johns Hopkins School of Hygiene and Public Health, the first of its kind. It built the Peking Union Medical College into a great institution, helped in World War I war relief, and it employed William Lyon Mackenzie King of Canada to study industrial relations. Rockefeller's fourth main philanthropy, the Laura Spelman Rockefeller Memorial Foundation, created in 1918, supported work in the social studies; it was later absorbed into the Rockefeller Foundation. However, all told, Rockefeller gave away about $550 million.
I find it amazing that (apparently) simply because some one is financially successful many people believe the most unfounded and unpropitious allegations rather than look into actual facts. People here would be well served to model their lives after that of Rockefeller.
2007-09-17 12:18:58
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answer #1
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answered by Randy 7
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Rockefeller advance into between the 1st actual Monopolists of united states of america. in contrast to Andrew Carnegie who gained his riches by way of monopolization of the metallic industry, Rockefeller took income of the OIL industry. the two are very oftentimes at a loss for words. Rockefeller advance into an extremely amazing yet vicious businessman. He used the approach of underselling his combatants to create the only obtainable Oil business company interior the rustic. He stimulated the way that this u . s . works in a roundabout way in that he created the firestorm of persons who have been committed to workers rights. Unions, minimum wages and anti-have confidence (anti-monopoly) regulations. in short: John D Rockefeller: Richest guy in history inventive Businessman Monopolist Created first Oil Monopoly Unfair scientific care of workers brought about advent of: (as a results of worker riot) workers Rights minimum salary Unionization Anti-have confidence agencies Anti-Monopoly sentiment. wish this helps.
2016-10-04 22:01:48
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answer #2
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answered by keva 4
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