Family Involvement
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 3rd, 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. By contrast, the Ford Foundation has severed all direct links with the Ford family.
Stock in the family's oil companies is a major part of the foundation's assets, beginning with Standard Oil and now with its corporate descendants, including Exxon Mobil.
Read more about this topic: Rockefeller Foundation
Famous quotes containing the words family and/or involvement:
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