Tuesday, September 27, 2011
rockefeller
Near the end of Rockefeller life he started giving back to his community and spending some of his billions for the good of his community. When Rockefeller was starting out he had a goal to give ten percent of his wealth, or income, to charity. Rockefeller being a holy man he would go to the holy Baptist church for advise on what charity to give his money to. The church wanted its own collage and so for his first charitable contribution the university of Chicago was opened. During Rockefeller life time he would give this university around 80 million dollars. From the university this charitable grew, the next contribution he built in New York and it is known today as Rockefeller university. In life time of Rockefeller it is estimated that he donated around 550 million dollars to charities and universities the he built to help the community. The wealth of Rockefeller was so enormous that he had a team of advisers to help his out with his philanthropy. these advisers eventually formed the Rockefeller Foundation.
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