J. Roderick MacArthur
American businessman (1920–1984)
John Roderick MacArthur (December 21, 1920 – December 15, 1984) was a U.S. businessman and philanthropist in Chicago. The J. Roderick MacArthur Foundation, a philanthropic organization supporting civil rights in the United States, was established in his name.2
From Wikipedia’s article on J. Roderick MacArthur (this version), CC BY-SA 4.0.
Born Dec 21, 1920, died Dec 15, 1984.1
About
The foundation established the MacArthur Justice Center, a public interest law firm that formed an alliance in 2006 at the Northwestern University School of Law, and litigates for civil rights. In addition, MacArthur Justice centers have been opened in Louisiana (2013), Mississippi, in an association with the law school at University of Mississippi (2014); Missouri (2016); and Washington, D.C. (2017).
He is the son of John D. MacArthur, who established the John D. and Catherine T. MacArthur Foundation in his will. It has funded the MacArthur fellowships, grants to authors, artists and scientists.
From Wikipedia’s article on J. Roderick MacArthur, shared under CC BY-SA 4.0.2
Companies
- Bradford ExchangeFounder10
Early life and education
- Date not recordedRollins College3
Career
Occupation: businessperson.6
- Date not recordedFounded ARTICLE 194
- Date not recordedFounded Bradford Exchange5
Personal life
Rod MacArthur married Christiane L'Entendart in Paris in 1947. They had a daughter, Solange, and two sons. John Roderick "Rick" MacArthur later became the publisher and president of Harper's Magazine.
From Wikipedia’s article on J. Roderick MacArthur (this version), CC BY-SA 4.0.
Philanthropy
MacArthur reconciled with his father before John D. MacArthur died on January 6, 1978 (of pancreatic cancer). He named MacArthur to the board of his foundation, which was founded according to his will. At that point, John D. MacArthur was worth in excess of $1 billion and was reportedly one of the three richest men in the United States.
John D. MacArthur bequeathed ninety-two percent of his estate to begin the John D. and Catherine T. MacArthur Foundation. The Foundation's first Board of Directors, per John D. MacArthur's will, included J. Roderick MacArthur, Catherine T. MacArthur (his second wife), his attorney William T. Kirby, two officers of Bankers Life and Casualty, and radio commentator Paul Harvey.
Rod MacArthur's son, John Roderick "Rick" MacArthur, has charged publicly:
"The idea behind the foundation was as a tax dodge that he thought would allow his business executives to run his company forever. He clearly didn't understand the tax laws."
In any event, Rod MacArthur quickly clashed with the board of his father's foundation. The Bankers Life executives and Paul Harvey held conservative views regarding the structure and size of the board, its purpose, and issues related to the sale of the business.
Largely due to Rod MacArthur's efforts, the board was expanded to thirteen members in 1979. The new members had backgrounds from academia, science, government, and business. This board now argued over the grants that were made to favorite board member causes, often trading votes among themselves. Even though there was support for each board member's causes, an extremely bitter and public argument erupted between Rod MacArthur and former U.S. Treasury Secretary William E. Simon over board grants to a number of conservative causes. Eventually Simon resigned from the board.
Rod MacArthur filed two lawsuits in an effort to redirect the board and foundation. In February 1984 he sued fellow board members, charging that they were acting as executives of Bankers Life and were looking out for their own best interest and not the needs of the foundation. He alleged that the foundation was not managing its assets properly. MacArthur said that high fees were being paid to board members for their foundation work, and he believed that Bankers Life was not being managed well and had lost value. He requested that either the foundation be dissolved or that the court appoint a receiver to manage and sell Bankers Life.
After MacArthur blocked the sale of Bankers Life at $268 million, the board found a buyer that was willing to pay $384 million for the company. This sale removed the Bankers Life issue from the suit. MacArthur's allegations that board members and key foundation executives were profiting at the expense of the foundation were still open.
While still on the board of the John D. and Catherine T. MacArthur Foundation, MacArthur pushed the Board to offer the MacArthur fellowships, also called "Genius Grants".
Second, in 1980 at the urging of his son John R. "Rick" MacArthur, then 23, the senior MacArthur persuaded the Board to partner in creating and funding a Harper's Magazine Foundation, in order to acquire and operate Harper's Magazine, which had been struggling financially. This new entity acquired Harper's Magazine (which was then losing nearly $2 million per year and was on the verge of ceasing publication) for $250,000. Rick (now called Roderick) MacArthur eventually took over the foundation that owned Harper's.
In 1976 Rod MacArthur had used his substantial fortune from the Bradford Exchange to form his own foundation, the J. Roderick MacArthur Foundation. As of 2004, the J. Roderick MacArthur Foundation had $22 million in assets. It has supported causes of civil rights and civil liberties, including the Death Penalty Information Center in Washington, D.C., and the Roderick & Solange MacArthur Justice Center, a public interest law firm in Chicago that is named and managed by two of his children.
In 2006 the MacArthur Justice Center formed an association with the Northwestern University School of Law and has a clinic there. It has opened additional centers since then: in New Orleans (2013), in Oxford, Mississippi, in an association with the law school at University of Mississippi (2014); and in Saint Louis, Missouri (2016).
From Wikipedia’s article on J. Roderick MacArthur (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 2WikipediaJ. Roderick MacArthur on Wikipedia
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- 10WikidataBradford Exchange, Founder