In these first years of large-scale philanthropy, Rockefeller favored a few causes close to his heart. He was the single-most generous donor to the northern Baptist conventions, and he underwrote the work of missionaries and relief workers at home and abroad.
What were Rockefeller’s motivations for philanthropy?
Rockefeller wanted to build a durable mechanism for giving that would go on for years and chip away at complex problems. He wanted his philanthropy to transmit his family’s traditional and religious values. And he wanted the work to be a “family business” for generations to come.
How did Rockefeller spend his money personally?
John D. Rockefeller spent most of his money donating large amounts to good causes such as education, religion, and science.
Was John Rockefeller a robber baron or captain of industry?
The term “robber baron” contrasted with the term “captain of industry,” which described industrialists who also benefitted society. Nineteenth-century robber barons included J.P. Morgan, Andrew Carnegie, Andrew W. Mellon, and John D. Rockefeller.
What were some of the most lasting results of Rockefeller’s philanthropy?
Within his lifetime, Rockefeller helped launch the field of biomedical research, funding scientific investigations that resulted in vaccines for things like meningitis and yellow fever. He revolutionized medical training in the United States, and built China’s first proper medical school.
How did Rockefeller help society?
Rockefeller founded the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. Later in life he turned his attention to charity. He made possible the founding of the University of Chicago and endowed major philanthropic institutions.
How many Rockefellers are alive today?
Currently, the 21 members fourth generation is in control of the Rockefeller dynasty. Before we get any deeper, let’s answer our question first; What Rockefellers are still alive? Today the Rockefeller family has over 70 heirs.