Rockefeller Foundation

John D. Rockefeller Sr. first conceived the idea of the foundation in 1901. In 1906, Rockefeller's business and philanthropic advisor, Frederick Taylor Gates, encouraged him toward "permanent corporate philanthropies for the good of Mankind" so that his heirs should not "dissipate their inheritances or become intoxicated with power." In 1909 Rockefeller signed over 73,000 Standard Oil shares worth $50 million, to his son, Gates and Harold Fowler McCormick as the third inaugural trustee, in the first installment of a projected $100 million endowment.

The nascent foundation applied for a federal charter in the US Senate in 1910, with at one stage Junior even secretly meeting with President William Howard Taft, through the aegis of Senator Nelson Aldrich, to hammer out concessions. However, because of the ongoing (1911) antitrust suit against Standard Oil at the time, along with deep suspicion in some quarters of undue Rockefeller influence on the spending of the endowment, the result was that Senior and Gates withdrew the bill from Congress in order to seek a state charter from New York.

On May 14, 1913, New York Governor William Sulzer approved a charter for the foundation with Junior becoming the first president. With its large-scale endowment, a large part of Senior's fortune was insulated from inheritance taxes. The first secretary of the foundation was Jerome Davis Greene, the former secretary of Harvard University, who wrote a "memorandum on principles and policies" for an early meeting of the trustees that established a rough framework for the foundation's work. It was initially located within the family office at Standard Oil's headquarters at 26 Broadway, later (in 1933) shifting to the GE Building (then RCA), along with the newly named family office, Room 5600, at Rockefeller Center; later it moved to the Time-Life Building in the center, before shifting to its current Fifth Avenue address.

In 1914, the trustees set up a new Department of Industrial Relations, inviting William Lyon Mackenzie King to head it. He became a close and key advisor to Junior through the Ludlow Massacre, turning around his attitude to unions; however the foundation's involvement in IR was criticized for advancing the family's business interests. The foundation henceforth confined itself to funding responsible organizations involved in this and other controversial fields, which were beyond the control of the foundation itself.

Junior became the foundation chairman in 1917. Through the Laura Spelman Rockefeller Memorial (LSRM), established by Senior in 1918 and named after his wife, the Rockefeller fortune was for the first time directed to supporting research by social scientists. During its first few years of work, the LSRM awarded funds primarily to social workers, with its funding decisions guided primarily by Junior. In 1922, Beardsley Ruml was hired to direct the LSRM, and he most decisively shifted the focus of Rockefeller philanthropy into the social sciences, stimulating the founding of university research centers, and creating the Social Science Research Council. In January 1929, LSRM funds were folded into the Rockefeller Foundation, in a major reorganization.

The Rockefeller family helped lead the foundation in its early years, but later limited itself to one or two representatives, to maintain the foundation's independence and avoid charges of undue family influence. These representatives have included the former president John D. Rockefeller III, and then his son John D. Rockefeller, IV, who gave up the trusteeship in 1981. In 1989, David Rockefeller's daughter, Peggy Dulany, was appointed to the board for a five-year term. In October 2006, David Rockefeller Jr. joined the board of trustees, re-establishing the direct family link and becoming the sixth family member to serve on the board.

C. Douglas Dillon, the United States Secretary of the Treasury under both Presidents John F. Kennedy and Lyndon B. Johnson, served as chairman of the foundation.

Stock in the family's oil companies had been a major part of the foundation's assets, beginning with Standard Oil and later with its corporate descendants, including ExxonMobil. In December 2020, the foundation pledged to dump their fossil fuel holdings. With a $5 billion endowment, the Rockefeller Foundation was "the largest US foundation to embrace the rapidly growing divestment movement." CNN writer Matt Egan noted, "This divestment is especially symbolic because the Rockefeller Foundation was founded by oil money."

Industrialist John D. Rockefeller was instrumental in establishing the General Education Board (GEB), of which he maintained expenditure control. The GEB adopted his beliefs, promoting vocational education across a 5-decade span.

The Rockefeller Foundation, like the Carnegie Corporation, supported early educational broadcasting and the participation of commercial radio, vis-à-vis education-only stations. It explored radio's educational effectivity in both classroom and adult settings and explored methods to share those results. Via GEB dispersals the Rockefeller Foundation provided financial support for Wisconsin's and Ohio's early School of the Air experiments, among other educational project recipients.

The Foundation's interest in broadcasting as a tool subsequently led to communication research, e.g. how radio "could be used for public edification, control, and pacification", promoting university-level social science studies. The social engineering success of these early social scientists led to social sciences becoming institutionalized with Rockefeller Foundation's influence leading the transformation.