Mrs. Andrea Giordano
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...
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