John D. Rockefeller became a billionaire, entering a risky business, which he built up out of the ground. He was truly a genius. And his money wasn't all spent selfishly. He spent $530,853,632 on charity
"Charity is injurious unless it helps the recipient to become independent of it."
Created Foundations
- Rockefeller Institute for Medical Research
- Rockefeller Foundation
- Laura Spelman Rockefeller Memorial
- General Education Board
- University of Chicago
Rockefeller Institute for Medical Research
- Uses the latest discoveries in science for the prevention and cures of diseases.
- Departments:
- Pathology
- Bacteriology
- Physiological and Pathological Chemistry
- Physiology
- Comparative Zoology
- Pharmacology
- Experimental Therapeutics
Rockefeller Foundation
- Rockefeller put a total of $182,851,480.90 into this foundation
- It's goal was "to promote the well-being of mankind throughout the world"
- Financed work in natural sciences, social sciences, medical science, the humanities, public health.
- In support of worldwide health, the foundation helped to:
- Control hookworm disease in Southern USA and other countries
- Control yellow fever in South and Central America
- Malaria in Southern USA
- Conduct campaigns of public education in hygiene and provide for the training of French women as health visitors in France's fight against Tuberculosis.
- Establish the China Medical Board to encourage the study of medicine and hygiene in Chinese medical schools, hospitals and training schools for nurses
- Support hygiene and medical schools world wide
- Helped in war relief
- $8,083,772 to the American Red Cross
- $5,000,000 to the United War Work Fund, which helped raise the morale of soldiers
- $1,498,000 to Belgium for rebuilding
- $610,000 to Armenia and Syria for rebuilding
- $163,895 to Serbia for rebuilding
Laura Spelman Rockefeller Memorial
- Built in memory of his wife
- Concerned itself with public administration of government activities through the clearance of information promotion of experiences among officials and government units the demonstration of innovation and installation of improved administration methods and devices.
- Supported charities started by Laura Spelman Rockefeller
- Mostly supported women and children
- Eventually would merge with Rockefeller Foundation, with the goal of advancement in knowledge
General Education Board
- Gave $500,000 toward the endowment of the Graduate School of Education at Harvard
- Gave $1,000,000 to the building fund of Teachers College Columbia University
- Gave $2,345,000 to Washington University
- Gave more than $2,200,000 to Johns Hopkins
- Gave $2,000,000 to University of Chicago
- Gave $4,000,000 to Vanderbilt
- Gave $5,000,000 to Rochester
- Gave $1,582,000 to Yale Medical School
- Gave $150,000 to Meharry Medical College (for African Americans) in Nashville, Tenn.
University of Chicago
- Was founded by John D. Rockefeller
- Funded for 20 years after
- Rockefeller refused to let the University be named after him
- Believed Chicago would benefit the most from the addition of a university
- Donated a total of $34,708,375.28 to the University of Chicago