Rockefeller family Guide, Meaning , Facts, Information and Description
The Rockefeller family, founded by John Davison Rockefeller (1839-1937) and his brother William Rockefeller (1841-1922), made a fortune in the oil business during the latter part of the 19th century through their Standard Oil Company. The family became one of the great philanthropic families in the United States, and members have held high public offices including Vice President of the United States, held by Nelson Rockefeller.
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2 Members of the Rockefeller family 3 Protection of assets 4 External links |
Legacy
At its peak, John D. Rockefeller's personal fortune was estimated at almost $1 billion of which he reportedly gave away more than half. The Rockefeller name is imprinted on a number of places throughout the United States, most notably in New York City.
- The Rockefeller Center - a New York City building complex
- The Rockefeller Foundation - a charitable organization
- Either of two congressional committees (in 1972 and 1975) dubbed the Rockefeller Commission.
International politics
The Rockefellers have been involved heavily in international politics, and have donated money or have been involved in the following institutions:
Members of the Rockefeller family
Exchanging ownership for control of wealth, foundations are also a handy means for promoting interests that benefit the wealthy. Millions of foundation dollars have been "donated" to causes such as promoting the extensive use of drugs, while degrading preventive medicine. Since many drugs are made from coal tar derivatives, both oil companies and drug manufacturing concerns (many Rockefeller owned or controlled) are the main beneficiaries.
This is an Article on Rockefeller family. Page Contains Information, Facts Details or Explanation Guide About Rockefeller family By birth
By marriage
Protection of assets
As described by Gary Allen in his 1976 book "The Rockefeller File," "By the time the (16th) Amendment had been approved by the states, the Rockefeller Foundation was in full operation...about the same time that Judge Kenesaw Landis was ordering the breakup of the Standard Oil monopoly...John D...not only avoided taxes by creating four great tax-exempt foundations; he used them as repositories for his 'divested' interests...made his assets non-taxable so that they might be passed down through generations without...estate and gift taxes...Each year the Rockefellers can dump up to half their incomes into their pet foundations and deduct the "donations" from their income tax." External links