David Rockefeller Research Paper
Fernando Bavuso
Mrs. Andrea Giordano
Advanced Writing
09/03/2010
David Rockefeller and his Philanthropy
An old man, preparing to die is about to give away all his money. If you had a year or more to live, what would you do with all your wealth? Nowadays one of the wealthiest billionaires in United States, David Rockefeller is agreeing to give almost all of his money. More than 100 hundred million dollars is going to the University of Chicago, The Rockefeller University, the Museum of Modern Art, churches and people in poverty. Helping to fix one of the most worries issues in the world, the needed people, which is a valuable cost. Most of that money comes from the family inheritance, his father John Davison Rockefeller and from the
Standard Oil Company, which he founded. Why is he giving away such a dramatic amount of money? According to David’s words “Success requires much more than financial resources, although money is, of course, essential. The practice of philanthropy also has enabled many of us to become personally involved in efforts to address critical global challenges such as poverty, health, sustainable development, and environmental degradation”.
Rockefeller’s family entered the business world in 1870. It started as an Ohio organization that was conformed by his brother William Rockefeller and other people. As time passed the corporation started to grow up. In 1870, it was the largest refineries in the United States center, earning a lot of wealth. After two years he bought almost the rest of the refineries in Cleveland. He died at the 97 years, and gave all his richness to his son, David Rockefeller.
By this time, Mr. Rockefeller has donated $100-million to Harvard University. $100-million apiece to the Museum of Modern Art and to Rockefeller University; the three organizations will receive the money until David´s death. Meanwhile he will be giving an annual payment of $2.5-million a year until he dies. In 2006 the Rockefeller Foundation donated $3.5 million to reconstruct New Orleans after the damage of Hurricane Katrina. An estimated in March at $47 billion by Forbes Magazine, is being provided every year to the Bill & Melinda Gates Foundation. Last year, American charities received a total of $300 billion in donations.
$100-million is a lot of money. Imagine that you have this amount, and it isn’t even the half of all your wealth in your account, you can buy the whole world, an island, but, you already have all this things above, your house is so big that it makes eco, all your cars cost $150.000… what else could you do with all this ceros in your balance? This old man likes to help people. David Rockefeller thinks that “Those who have benefitted the most from our nation’s economic system have a special responsibility to give back to our society in meaningful ways”
Through all this years many people, causes, universities and museums were helped by one man who has his wealthy in the top of the world, thanks to his generosity and his way to think the citizens, maybe, in the future as he says “maybe in the future this people can help us in other way”. Therefor, lend a hand to the humanity always cause a positive effect in the society.
“You must not lose faith in humanity. Humanity is an ocean; if a few drops of the ocean are dirty, the ocean does not become dirty.” Mahatma Gandhi.
Mrs. Andrea Giordano
Advanced Writing
09/03/2010
David Rockefeller and his Philanthropy
An old man, preparing to die is about to give away all his money. If you had a year or more to live, what would you do with all your wealth? Nowadays one of the wealthiest billionaires in United States, David Rockefeller is agreeing to give almost all of his money. More than 100 hundred million dollars is going to the University of Chicago, The Rockefeller University, the Museum of Modern Art, churches and people in poverty. Helping to fix one of the most worries issues in the world, the needed people, which is a valuable cost. Most of that money comes from the family inheritance, his father John Davison Rockefeller and from the
Standard Oil Company, which he founded. Why is he giving away such a dramatic amount of money? According to David’s words “Success requires much more than financial resources, although money is, of course, essential. The practice of philanthropy also has enabled many of us to become personally involved in efforts to address critical global challenges such as poverty, health, sustainable development, and environmental degradation”.
Rockefeller’s family entered the business world in 1870. It started as an Ohio organization that was conformed by his brother William Rockefeller and other people. As time passed the corporation started to grow up. In 1870, it was the largest refineries in the United States center, earning a lot of wealth. After two years he bought almost the rest of the refineries in Cleveland. He died at the 97 years, and gave all his richness to his son, David Rockefeller.
By this time, Mr. Rockefeller has donated $100-million to Harvard University. $100-million apiece to the Museum of Modern Art and to Rockefeller University; the three organizations will receive the money until David´s death. Meanwhile he will be giving an annual payment of $2.5-million a year until he dies. In 2006 the Rockefeller Foundation donated $3.5 million to reconstruct New Orleans after the damage of Hurricane Katrina. An estimated in March at $47 billion by Forbes Magazine, is being provided every year to the Bill & Melinda Gates Foundation. Last year, American charities received a total of $300 billion in donations.
$100-million is a lot of money. Imagine that you have this amount, and it isn’t even the half of all your wealth in your account, you can buy the whole world, an island, but, you already have all this things above, your house is so big that it makes eco, all your cars cost $150.000… what else could you do with all this ceros in your balance? This old man likes to help people. David Rockefeller thinks that “Those who have benefitted the most from our nation’s economic system have a special responsibility to give back to our society in meaningful ways”
Through all this years many people, causes, universities and museums were helped by one man who has his wealthy in the top of the world, thanks to his generosity and his way to think the citizens, maybe, in the future as he says “maybe in the future this people can help us in other way”. Therefor, lend a hand to the humanity always cause a positive effect in the society.
“You must not lose faith in humanity. Humanity is an ocean; if a few drops of the ocean are dirty, the ocean does not become dirty.” Mahatma Gandhi.