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The first two generations of the Rockefeller family were among the small group of individuals who created modern philanthropy by attempting to deal with the root causes of poverty, disease and ignorance rather than simply ameliorating their symptoms through charity.
It is the second-oldest major philanthropic institution in America (after the Carnegie Corporation) and ranks as the 30th largest foundation globally by endowment, with assets of over $6.3 billion in 2022. [2] According to the OECD, the foundation provided $284 million for development in 2021. [5]
Oct 13, 2013 · Rockefeller was a conservative Baptist who believed that a strong relationship with God was necessary for honest, meaningful, lasting work. For that reason he always sought to partner with other Christians who shared such views.
Rockefeller Foundation, U.S. philanthropic organization. It was endowed by John D. Rockefeller of the famed Rockefeller family and chartered in 1913 to alleviate human suffering worldwide. Rockefeller was assisted in its management by his son John D. Rockefeller, Jr.
- The Editors of Encyclopaedia Britannica
Rockefeller's fourth main philanthropy, the Laura Spelman Rockefeller Memorial Foundation, was created in 1918. Through this, he supported work in the social studies; this was later absorbed into the Rockefeller Foundation.
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.
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From our very first grant—to the American Red Cross more than a century ago—through to today’s vast array of initiatives, The Rockefeller Foundation has built a reputation as a trailblazer that convenes unlikely partnerships and sparks innovations for transformative change.
