Acquired · Oct 18Standard Oil Part II (Extended Cut)
Set up so giving would outlive Rockefeller, and it became a model for later endowments and foundations. It still gives hundreds of millions of dollars a year, from medicine to the arts.
Tips
- Rockefeller hired Frederick Gates to turn his giving into an organized, standards-driven operation▶ 30:46Stress cost Rockefeller all his hair, and his philanthropy was taking more time than Standard Oil itself.
- Rockefeller set up the Rockefeller Foundation in 1913 so giving would outlive him▶ 51:40The foundation still gives away hundreds of millions of dollars a year, and the family is now seven generations in.
