How Rockefeller Brothers Fund Came to Lend its Legitimacy and Money to Groups that Push Boycotting Israel.
At the time of his death in March, at the age of 101, it had been nearly 30 years since David Rockefeller, the legendary family heir and former head of Chase Bank, had last led the Rockefeller Brothers Fund (RBF). As Stephen Heintz, president of the RBF, explained to me, Rockefeller was content to hand his brothers' chief philanthropic project off to the family's younger members. "He was the last chair of the board of that founding generation," said Heintz. "He really believed that it was important to have a generational transition and let the next generation take leadership and be the active participants."
Rockefeller was the last surviving grandchild of John D. Rockefeller, and the last surviving child of John D. Rockefeller Jr. He considered RBF, which now commands $842 million in assets, to be one of the most significant aspects of his legacy. In 2006, Rockefeller announced that his estate would make a $225 million bequest to RBF after his deathby far Rockefeller's most sizable single gift to any recipient, larger than the combined total of his estate's planned bequests to Rockefeller University and the Museum of Modern Art ($100 million each), two other institutions that his family helped found.
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|Date:||May 25, 2017|
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