Misplaced Pages

#94905

105-638: China Medical Board was founded in 1914 as the second major project of the Rockefeller Foundation . With additional endowments from the Rockefeller Foundation, China Medical Board became an independent private foundation in 1928. CMB established Peking Union Medical College , which brought modern Western medical education to China and "quickly became the preeminent medical education and research institution in China." The goal from

210-535: A 65.4% payout ratio . The total net earnings from 1882 to 1906 amounted to $ 838,783,800 (equivalent to $ 21,321,800,000 in 2023), exceeding the dividends by $ 290,347,800, which was used for plant expansions. In 1896, John Rockefeller retired from the Standard Oil Co. of New Jersey, the holding company of the group, but remained president and a major shareholder. Vice-president John Dustin Archbold took

315-524: A British petroleum entrepreneur in Mexico, began negotiating with Standard Oil in 1912–13 to sell his "El Aguila" oil company, since Pearson was no longer bound to promises to the Porfirio Díaz regime (1876–1911) to not to sell to U.S. interests. However, the deal fell through and the firm was sold to Royal Dutch Shell . Standard Oil's production increased so rapidly it soon exceeded U.S. demand and

420-471: A beam of 32 feet (9.8 m), a depth of 10 feet 6 inches (3.2 m), and had a bulletproof wheelhouse. Mei Ping ("Beautiful Tranquility"), launched in 1927, was designed off-shore, but assembled and finished in Shanghai. Its oil-fuel burners came from the U.S. and water-tube boilers came from England. Standard Oil Company and Socony-Vacuum Oil Company became partners in providing markets for

525-558: A close relationship with Rockefeller University (also known as the Rockefeller Institute for Medical Research) with many faculty holding overlapping positions between the institutions. The Sanitary Commission for the Eradication of Hookworm Disease was a Rockefeller-funded campaign from 1909 to 1914 to study and treat hookworm disease in 11 Southern states. Hookworm was known as the "germ of laziness". In 1913,

630-539: A consequence of the reporting of Ida Tarbell , who wrote The History of the Standard Oil Company . The net value of companies severed from Jersey Standard in 1911 was $ 375 million, which constituted 57 per cent of Jersey's value. After the dissolution, Jersey Standard became the United States' second largest corporation after United States Steel . The Standard Oil Company (New Jersey), which

735-507: A continuous presence in China ever since. Over the years, China Medical Board has supported 118 medical schools in 17 Asian countries, 28 of which are in China. Its work has focused on capacity building by providing facilities, educational material, laboratories, fellowships, and faculty development. In total, China Medical Board is estimated to have invested $ 1.5 billion in fostering public health in Asia. Currently, China Medical Board's endowment

840-665: A dozen or so within Standard Oil knew the extent of company operations. The committee counsel, Simon Sterne , questioned representatives from the Erie Railroad and the New York Central Railroad and discovered that at least half of their long-haul traffic granted rebates and much of this traffic came from Standard Oil. The committee then shifted focus to Standard Oil's operations. John Dustin Archbold , as president of Acme Oil Company, denied that Acme

945-457: A gallon or forty-two cents a barrel, an effective 71% discount from its listed rates in return for a promise to ship at least 60 carloads of oil daily and to handle loading and unloading on its own. Smaller companies decried such deals as unfair because they were not producing enough oil to qualify for discounts. Standard's actions and secret transport deals helped its kerosene price to drop from 58 to 26 cents from 1865 to 1870. Rockefeller used

1050-609: A growing Standard Oil spin-off in its own right. In the Asia-Pacific region, Jersey Standard had oil production and refineries in the Dutch East Indies but no marketing network. Socony-Vacuum had Asian marketing outlets supplied remotely from California. In 1933, Jersey Standard and Socony-Vacuum merged their interests in the region into a 50–50 joint venture. Standard-Vacuum Oil Co., or "Stanvac", operated in 50 countries, from East Africa to New Zealand , before it

1155-619: A haven for scholars threatened by the Nazis. After World War II the foundation sent a team to West Germany to investigate how it could become involved in reconstructing the country. They focused on restoring democracy, especially regarding education and scientific research, with the long-term goal of reintegrating Germany into the Western world. The foundation also supported the early initiatives of Henry Kissinger , such as his directorship of Harvard's International Seminars (funded as well by

SECTION 10

#1732765913095

1260-407: A large part in the running of the firm. In the year 1904, Standard Oil controlled 91% of oil refinement and 85% of final sales in the United States. At this time, state and federal laws sought to counter this development with antitrust laws. In 1911, the U.S. Justice Department sued the group under the federal antitrust law and ordered its breakup into 39 companies. Standard Oil's market position

1365-465: A large part of Senior's fortune was insulated from inheritance taxes. The first secretary of the foundation was Jerome Davis Greene , the former secretary of Harvard University , who wrote a "memorandum on principles and policies" for an early meeting of the trustees that established a rough framework for the foundation's work. It was initially located within the family office at Standard Oil 's headquarters at 26 Broadway , later (in 1933) shifting to

1470-900: A quarter of the shares of the resultant companies, and those share values mostly doubled, he emerged from the dissolution as the richest man in the world. The dissolution had actually propelled Rockefeller's personal wealth. By 1911 the Supreme Court of the United States ruled, in Standard Oil Co. of New Jersey v. United States , that Standard Oil of New Jersey must be dissolved under the Sherman Antitrust Act and split into 39 companies. Two of these companies were Standard Oil of New Jersey (Jersey Standard or Esso), which eventually became Exxon , and Standard Oil of New York (Socony), which eventually became Mobil ; those two companies later merged into ExxonMobil . Over

1575-414: A symbol of the reliable "standards" of quality and service that he envisioned for the nascent oil industry. In the early years, John D. Rockefeller dominated the combine; he was the single most important figure in shaping the new oil industry. He quickly distributed power and the tasks of policy formation to a system of committees, but always remained the largest shareholder . Authority was centralized in

1680-410: A tanker, was specially designed for river duty. It was built by New Engineering and Shipbuilding Works of Shanghai, who also built the 500-ton launch Mei Foo in 1912. Mei Hsia ("Beautiful Gorges") was launched in 1926 and carried 350 tons of bulk oil in three holds, plus a forward cargo hold, and space between decks for carrying general cargo or packed oil. She had a length of 206 feet (63 m),

1785-589: Is a pilot grant program that is overseen by the Lincoln Center . The grants are to be used towards art and cultural opportunities in the underserved areas of Brooklyn and the South Bronx with three overarching goals. The Rockefeller Foundation supported the art scene in Haiti in 1948 and a literacy project with UNESCO . Rusk was involved with funding the humanities and the social sciences during

1890-556: Is sometimes referred to as the " Villa Serbelloni ", the property bequeathed to the foundation in 1959 under the presidency of Dean Rusk (who was later to become U.S. President Kennedy 's secretary of state). The Bellagio Center operates both a conference center and a residency program . Numerous Nobel laureates , Pulitzer winners, National Book Award recipients, Prince Mahidol Award winners, and MacArthur fellows , as well as several acting and former heads of state and government, have been in residence at Bellagio. Agriculture

1995-413: Is valued at over $ 300 million invested Today, China Medical Board focuses on health professional education, health policy and systems, global health, and leadership development. It works with 24 medical universities throughout China and in parts of Southeast Asia, including Thailand, Vietnam, Laos, and Myanmar. In 2016 it launched The Equity Initiative, a long-term fellowship program committed to nurturing

2100-560: The Central Intelligence Agency ) and the early foreign policy magazine Confluence , both established by him while he was still a graduate student. In 2021, Rajiv J. Shah , president of the Rockefeller Foundation, released a statement condemning eugenics and supporting the anti-eugenics movement. He stated that "[...]we commend the Anti-Eugenics Project for their essential work to understand[...]

2205-544: The Chevron Corp . Some have speculated that if not for that court ruling, Standard Oil could have possibly been worth more than $ 1 trillion in the 2000s. Whether the breakup of Standard Oil was beneficial is a matter of some controversy. Some economists believe that Standard Oil was not a monopoly, and argue that the intense free market competition resulted in cheaper oil prices and more diverse petroleum products. Critics claimed that success in meeting consumer needs

SECTION 20

#1732765913095

2310-611: The China Medical Board , which established the first public health university in China, the Peking Union Medical College , in 1921; this was subsequently nationalized when the Communists took over the country in 1949. In the same year it began a program of international fellowships to train scholars at many of the world's universities at the post-doctoral level . The Foundation also maintained

2415-769: The Cold War period, including study of the Soviet Union . In July 2022, the Rockefeller Foundation granted $ 1m to the Wikimedia Foundation . The foundation also owns and operates the Bellagio Center in Bellagio, Italy . The center has several buildings, spread across a 50-acre (200,000 m ) property, on the peninsula between lakes Como and Lecco in Northern Italy . The center

2520-676: The Erie Canal as a cheap alternative form of transportation—in the summer months when it was not frozen—to ship his refined oil from Cleveland to the industrialized Northeast. In the winter months, his only options were the three trunk lines—the Erie Railroad and the New York Central Railroad to New York City, and the Pennsylvania Railroad to Pittsburgh and Philadelphia. Competitors disliked

2625-527: The GE Building (then RCA ), along with the newly named family office, Room 5600 , at Rockefeller Center ; later it moved to the Time-Life Building in the center, before shifting to its current Fifth Avenue address. In 1914, the trustees set up a new Department of Industrial Relations, inviting William Lyon Mackenzie King to head it. He became a close and key advisor to Junior through

2730-880: The International Rice Research Institute in the Philippines . Part of the original program, the funding of the IRRI was later taken over by the Ford Foundation. The International Rice Research Institute and the International Maize and Wheat Improvement Center are part of a consortium of agricultural research organizations known as CGIAR . Costing around $ 600 million, over 50 years, the revolution brought new farming technology, increased productivity, expanded crop yields and mass fertilization to many countries throughout

2835-1171: The Kaiser Wilhelm Institute of Anthropology, Human Heredity, and Eugenics , (also known as the Max Planck Institute for Medical Research ) which conducted eugenics experiments in Nazi Germany and influenced the development of Nazi racial scientific ideology. Rockefeller spent almost $ 3 million between 1925 and 1935, and also funded other German eugenicists, Herman Poll , Alfred Grotjahn , Eugen Fischer , and Hans Nachsteim , continuing even after Hitler's ascent to power in 1933; Rüdin's work influenced compulsory sterilisation in Nazi Germany . Josef Mengele worked as an assistant in Verschuer's lab, though Rockefeller executives did not know of Mengele and stopped funding that specific research before World War II started in 1939. The Rockefeller Foundation continued funding German eugenics research even after it

2940-634: The Laura Spelman Rockefeller Memorial (LSRM), established by Senior in 1918 and named after his wife, the Rockefeller fortune was for the first time directed to supporting research by social scientists. During its first few years of work, the LSRM awarded funds primarily to social workers, with its funding decisions guided primarily by Junior. In 1922, Beardsley Ruml was hired to direct the LSRM, and he most decisively shifted

3045-625: The London School of Hygiene and Tropical Medicine in the United Kingdom. they spent more than $ 25 million in developing other public health schools in the US and in 21 foreign countries. In 1913, it also began a 20-year support program of the Bureau of Social Hygiene , whose mission was research and education on birth control, maternal health and sex education. In 1914, the foundation set up

3150-524: The Ludlow Massacre , turning around his attitude to unions ; however the foundation's involvement in IR was criticized for advancing the family's business interests. The foundation henceforth confined itself to funding responsible organizations involved in this and other controversial fields, which were beyond the control of the foundation itself. Junior became the foundation chairman in 1917. Through

3255-502: The Sherman Antitrust Act (Senate 51–1; House 242–0), a source of American anti-monopoly laws. The law forbade every contract, scheme, deal, or conspiracy to restrain trade, though the phrase "restraint of trade" remained subjective. The Standard Oil group quickly attracted attention from antitrust authorities leading to a lawsuit filed by Ohio Attorney General David K. Watson . From 1882 to 1906, Standard paid out $ 548,436,000 (equivalent to $ 13,941,200,000 in 2023) in dividends at

China Medical Board - Misplaced Pages Continue

3360-430: The Sherman Antitrust Act of 1890, for sustaining a monopoly and restraining interstate commerce by: Rebates, preferences, and other discriminatory practices in favor of the combination by railroad companies; restraint and monopolization by control of pipe lines, and unfair practices against competing pipe lines; contracts with competitors in restraint of trade; unfair methods of competition, such as local price cutting at

3465-678: The South Improvement Co. which would have allowed him to receive rebates for shipping and drawbacks on oil his competitors shipped. But when this deal became known, competitors convinced the Pennsylvania Legislature to revoke South Improvement's charter. No oil was ever shipped under this arrangement. Using highly effective tactics, later widely criticized, it absorbed or destroyed most of its competition in Cleveland in less than two months and later throughout

3570-646: The Standard Oil Company (New Jersey) acquired the shares of the other 19 companies and became the holding company for the trust. Jersey Standard operated a near monopoly in the American oil industry from 1899 until 1911 and was the largest corporation in the United States. In 1911, the landmark Supreme Court case Standard Oil Co. of New Jersey v. United States found Jersey Standard guilty of anticompetitive practices and ordered it to break up its holdings. The charge against Jersey came about in part as

3675-703: The Standard Oil Company (Ohio) , which had been founded in 1870 by John D. Rockefeller . The trust was born on January 2, 1882, when a group of 41 investors signed the Standard Oil Trust Agreement, which pooled their securities of 40 companies into a single holding agency managed by nine trustees. The original trust was valued at $ 70 million. On March 21, 1892, the Standard Oil Trust was dissolved and its holdings were reorganized into 20 independent companies that formed an unofficial union referred to as "Standard Oil Interests." In 1899,

3780-590: The US Supreme Court upheld the lower court judgment and declared the Standard Oil group to be an "unreasonable" monopoly under the Sherman Antitrust Act , Section II. It ordered Standard to break up into 39 independent companies with different boards of directors, the biggest two of the companies being Standard Oil of New Jersey (which became Exxon ) and Standard Oil of New York (which became Mobil ). Standard's president, John D. Rockefeller, had long since retired from any management role. But, as he owned

3885-549: The United Nations . In 2020, the foundation pledged that it would divest from fossil fuel , notable since the endowment was largely funded by Standard Oil. The foundation also has a controversial past, including support of eugenics in the 1930s, as well as several scandals arising from their international field work. In 2021, the foundation's president committed to reckoning with their history, and to centering equity and inclusion. John D. Rockefeller Sr. first conceived

3990-512: The Yangtze River , the largest of which were Mei Ping (1,118  gross register tons  (GRT)), Mei Hsia (1,048 GRT), and Mei An (934 GRT). All three were destroyed in the 1937 USS Panay incident . Mei An was launched in 1901 and was the first vessel in the fleet. Other vessels included Mei Chuen , Mei Foo , Mei Hung , Mei Kiang , Mei Lu , Mei Tan , Mei Su , Mei Hsia , Mei Ying , and Mei Yun . Mei Hsia ,

4095-501: The 100 Resilient Cities program funded by the Rockefeller Foundation. In January 2016, the United States Department of Housing and Urban Development announced winners of its National Disaster Resilience Competition (NDRC), awarding three 100RC member cities – New York, NY ; Norfolk, VA ; and New Orleans, LA – with more than $ 437 million in disaster resilience funding. The grant was the largest ever received by

4200-488: The 1930s and major influence on global non-governmental organizations . The World Health Organization is modeled on the International Health Division of the foundation, which sent doctors abroad to study and treat human subjects. The National Science Foundation and National Institute of Health are also modeled on the work funded by Rockefeller. It has also been a supporter of and influence on

4305-718: The 1930s. Even into the 1950s, Rockefeller continued to provide some funding for research borne out of German eugenics. The foundation also funded the relocation of scholars threatened by the Nazis to America in the 1930s, known as the Refugee Scholar Program and the Emergency Committee in Aid of Displaced Foreign Scholars. Some of the notable figures relocated or saved, among a total of 303 scholars, were Thomas Mann , Claude Lévi-Strauss and Leó Szilárd . The foundation helped The New School provide

China Medical Board - Misplaced Pages Continue

4410-818: The American Shakespeare Festival in Stratford, Connecticut , Arena Stage in Washington, D.C., Karamu House in Cleveland , and Lincoln Center in New York. The foundation underwrote Spike Lee 's documentary on New Orleans , When the Levees Broke . The film has been used as the basis for a curriculum on poverty, developed by the Teachers College at Columbia University for their students. The Cultural Innovation Fund

4515-648: The Caribbean including Italy , France , Venezuela , Mexico , and Puerto Rico , totaling fifty-two countries on six continents and twenty-nine islands. The first director was Wickliffe Rose , followed by F.F. Russell in 1923, Wilbur Sawyer in 1935, and George Strode in 1944. A number of notable physicians and field scientists worked on the international campaigns, including Lewis Hackett , Hideyo Noguchi , Juan Guiteras , George C. Payne , Livingston Farrand , Cornelius P. Rhoads , and William Bosworth Castle . In 1936, The Rockefeller Foundation received one of

4620-487: The Global Resilient Cities Network (GRCN), founded by former 100RC leadership and staff. 40°45′03″N 73°59′00″W  /  40.75083°N 73.98333°W  / 40.75083; -73.98333 Standard Oil Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of

4725-490: The Mexican Government and derail any possible communist infiltration, in order to protect the Rockefeller family's investments. By 1943, this program, under the foundation's Mexican Agriculture Project , had proved such a success with the science of corn propagation and general principles of agronomy that it was exported to other Latin American countries; in 1956, the program was then taken to India; again with

4830-495: The Standard Oil Co. charges altogether excessive prices where it meets no competition, and particularly where there is little likelihood of competitors entering the field, and that, on the other hand, where competition is active, it frequently cuts prices to a point which leaves even the Standard little or no profit, and which more often leaves no profit to the competitor, whose costs are ordinarily somewhat higher. On May 15, 1911,

4935-475: The Standard into markets, or they have been made high to keep its competitors out of markets. Trifling differences in distances are made an excuse for large differences in rates favorable to the Standard Oil Co., while large differences in distances are ignored where they are against the Standard. Sometimes connecting roads prorate on oil—that is, make through rates which are lower than the combination of local rates; sometimes they refuse to prorate; but in either case

5040-615: The center of all our work: [...] confronting the hateful legacies of the past [...] we understand that the work we engage in today does not absolve us of yesterday's mistakes. [...]" Although the United States never joined the League of Nations , the Rockefeller Foundation was involved, and by the 1930s the foundations had changed the League from a "Parliament of Nations" to a modern think tank that used specialized expertise to provide in-depth impartial analysis of international issues. After

5145-461: The city of Norfolk. In April 2019, it was announced that the foundation would no longer be funding the 100 Resilient Cities program as a whole. Some elements of the initiative's work, most prominently the funding of several cities' Chief Resilience Officer roles, continues to be managed and funded by the Rockefeller Foundation, while other aspects of the program continue in the form of two independent organizations, Resilient Cities Catalyst (RCC) and

5250-482: The company began viewing export markets. In the 1890s, Standard Oil began marketing kerosene to China's large population of close to 400 million as lamp fuel. For its Chinese trademark and brand, Standard Oil adopted the name Mei Foo ( Chinese : 美孚 ) as a transliteration. Mei Foo also became the name of the tin lamp that Standard Oil produced and gave away or sold cheaply to Chinese farmers, encouraging them to switch from vegetable oil to kerosene. The response

5355-732: The company include Henry Flagler, developer of the Florida East Coast Railway and resort cities, and Henry H. Rogers , who built the Virginian Railway . In 1885, Standard Oil of Ohio moved its headquarters from Cleveland to its permanent headquarters at 26 Broadway in New York City . Concurrently, the trustees of Standard Oil of Ohio chartered the Standard Oil Co. of New Jersey (SOCNJ) to take advantage of New Jersey's more lenient corporate stock ownership laws. In 1890, Congress overwhelmingly passed

SECTION 50

#1732765913095

5460-571: The company together) and the Rockefeller family controlled a majority of the stock during all the history of the company up to the present time." These families reinvested most of the dividends in other industries, especially railroads. They also invested heavily in the gas and the electric lighting business (including the giant Consolidated Gas Co. of New York City ). They made large purchases of stock in U.S. Steel , Amalgamated Copper , and even Corn Products Refining Co. Weetman Pearson ,

5565-587: The company's business practices, but consumers liked the lower prices. Standard Oil, being formed well before the discovery of the Spindletop oil field (in Texas, far from Standard Oil's base in the Midwest) and a demand for oil other than for heat and light, was well placed to control the growth of the oil business. The company was perceived to own and control all aspects of the trade. In 1872, Rockefeller joined

5670-601: The company's main office in Cleveland, but decisions in the office were made cooperatively. The company grew by increasing sales and through acquisitions. After purchasing competing firms, Rockefeller shut down those he believed to be inefficient and kept the others. In a seminal deal, in 1868, the Lake Shore Railroad, a part of the New York Central , gave Rockefeller's firm a going rate of one cent

5775-554: The development of health equity leaders in Southeast Asia. The current president of China Medical Board is Roger I. Glass, MD, PhD. Rockefeller Foundation The Rockefeller Foundation is an American private foundation and philanthropic medical research and arts funding organization based at 420 Fifth Avenue , New York City. The foundation was created by Standard Oil magnate John D. Rockefeller ("Senior") and son " Junior ", and their primary business advisor, Frederick Taylor Gates , on May 14, 1913, when its charter

5880-462: The direct family link and becoming the sixth family member to serve on the board. C. Douglas Dillon , the United States Secretary of the Treasury under both Presidents John F. Kennedy and Lyndon B. Johnson , served as chairman of the foundation. Stock in the family's oil companies had been a major part of the foundation's assets, beginning with Standard Oil and later with its corporate descendants, including ExxonMobil . In December 2020,

5985-628: The eugenics movement. The Rockefeller Foundation, along with the Carnegie Institution , was the primary financier for the Eugenics Record Office , until 1939. The foundation also provided grants to Margaret Sanger and Alexis Carrel , who supported birth control, compulsory sterilization and eugenics . Sanger went to Japan in 1922 and influenced the birth control movement there. By 1926, Rockefeller had donated over $ 400,000, which would be almost $ 4 million adjusted for inflation in 2003, to hundreds of German researchers, including Ernst Rüdin and Otmar Freiherr von Verschuer , through funding

6090-504: The first awarded Walter Reed Medals from The American Society of Tropical Medicine & Hygiene to recognize its study and control of Yellow Fever . The World Health Organization , seen as a successor to the IHD, was formed in 1948, and the IHD was subsumed by the larger Rockefeller Foundation in 1951, discontinuing its overseas work. While the Rockefeller doctors working in tropical locales such as Mexico emphasized scientific neutrality, they had political and economic aims to promote

6195-415: The focus of Rockefeller philanthropy into the social sciences , stimulating the founding of university research centers, and creating the Social Science Research Council . In January 1929, LSRM funds were folded into the Rockefeller Foundation, in a major reorganization. The Rockefeller family helped lead the foundation in its early years, but later limited itself to one or two representatives, to maintain

6300-414: The foundation expanded its work with the Sanitary Commission abroad and set up the International Health Division (also known as International Health Board), which began the foundation's first international public health activities. The International Health Division conducted campaigns in public health and sanitation against malaria , yellow fever , and hookworm in areas throughout Europe, Latin America and

6405-476: The foundation granted $ 100000 to the Institute for Psychoanalysis in Chicago. This grant was renewed in 1938, with payments extending into the early-1940s. This division funded women's contraception and the human reproductive system in general, but also was involved in funding controversial eugenics research. Other funding went into endocrinology departments in American universities, human heredity, mammalian biology, human physiology and anatomy, psychology , and

SECTION 60

#1732765913095

6510-425: The foundation pledged to dump their fossil fuel holdings. With a $ 5 billion endowment, the Rockefeller Foundation was "the largest US foundation to embrace the rapidly growing divestment movement." CNN writer Matt Egan noted, "This divestment is especially symbolic because the Rockefeller Foundation was founded by oil money." Public health , health aid , and medical research are the most prominent areas of work of

6615-432: The foundation's independence and avoid charges of undue family influence. These representatives have included the former president John D. Rockefeller III , 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

6720-423: The foundation. On December 5, 1913, the Board made its first grant of $ 100,000 to the American Red Cross to purchase property for its headquarters in Washington, D.C. The foundation established the Johns Hopkins School of Public Health and Harvard School of Public Health , two of the first such institutions in the United States, and established the School of Hygiene at the University of Toronto in 1927, and

6825-472: The geopolitical imperative of providing an antidote to communism. It wasn't until 1959 that senior foundation officials succeeded in getting the Ford Foundation (and later USAID , and later still, the World Bank ) to sign on to the major philanthropic project, known now to the world as the Green Revolution . It was originally conceived in 1943 as CIMMYT , the International Maize and Wheat Improvement Center in Mexico. It also provided significant funding for

6930-403: The harmful legacies of eugenicist ideologies. [...] examine the role that philanthropies played in developing and perpetuating eugenics policies and practices. The Rockefeller Foundation is currently reckoning with our own history in relation to eugenics.  This requires uncovering the facts and confronting uncomfortable truths, [...] The Rockefeller Foundation is putting equity and inclusion at

7035-429: The idea of the foundation in 1901. In 1906, Rockefeller's business and philanthropic advisor, Frederick Taylor Gates , encouraged him toward "permanent corporate philanthropies for the good of Mankind" so that his heirs should not "dissipate their inheritances or become intoxicated with power." In 1909 Rockefeller signed over 73,000 Standard Oil shares worth $ 50 million, to his son, Gates and Harold Fowler McCormick as

7140-417: The identification of human viruses, techniques for virus identification, and arthropod -borne viruses. Bristol-Myers Squibb , Johns Hopkins University and the Rockefeller Foundation are currently the subject of a $ 1 billion lawsuit from Guatemala for "roles in a 1940s U.S. government experiment that infected hundreds of Guatemalans with syphilis ". A previous suit against the United States government

7245-449: The next few decades, both companies grew significantly. Jersey Standard, led by Walter C. Teagle , became the largest oil producer in the world. It acquired a 50 percent share in Humble Oil & Refining Co. , a Texas oil producer. Socony purchased a 45 percent interest in Magnolia Petroleum Co. , a major refiner, marketer, and pipeline transporter. In 1931, Socony merged with Vacuum Oil Co. , an industry pioneer dating back to 1866, and

7350-472: The northeastern United States. A. Barton Hepburn was directed by the New York State Legislature in 1879, to investigate the railroads' practice of giving rebates to their largest clients within the state . Merchants without ties to the oil industry had pressed for the hearings. Prior to the committee's investigation, few knew of the size of Standard Oil's control and influence on seemingly unaffiliated oil refineries and pipelines—Hawke (1980) cites that only

7455-498: The oil reserves in the Middle East. In 1906, SOCONY (later Mobil) opened its first fuel terminals in Alexandria. It explored in Palestine before the World War broke out, but ran into conflict with the local authorities. By 1890, Standard Oil controlled 88 percent of the refined oil flows in the United States. The state of Ohio successfully sued Standard, compelling the dissolution of the trust in 1892. But Standard simply separated Standard Oil of Ohio and kept control of it. Eventually,

7560-399: The open arrangement of rates; (3) discriminations in classification and rules of shipment; (4) discriminations in the treatment of private tank cars. The government alleged: Almost everywhere the rates from the shipping points used exclusively, or almost exclusively, by the Standard are relatively lower than the rates from the shipping points of its competitors. Rates have been made low to let

7665-496: The outset was full Chinese ownership, operations, and financing. Full Chinese faculty at Peking Union Medical College was essentially achieved in 1950. In 1951, China Medical Board could not operate in China for political reasons. During this time, China Medical Board focused its attention on advancing public health in other countries in East Asia and Southeast Asia. In 1980, it was invited to resume activities in China and has been

7770-427: The period of 1904 to 1906 and concluded that "beyond question ... the dominant position of the Standard Oil Co. in the refining industry was due to unfair practices—to abuse of the control of pipe-lines, to railroad discriminations, and to unfair methods of competition in the sale of the refined petroleum products". Because of competition from other firms, their market share gradually eroded to 70 percent by 1906 which

7875-426: The points where necessary to suppress competition; [and] espionage of the business of competitors, the operation of bogus independent companies, and payment of rebates on oil, with the like intent. The lawsuit argued that Standard's monopolistic practices had taken place over the preceding four years: The general result of the investigation has been to disclose the existence of numerous and flagrant discriminations by

7980-583: The railroads in behalf of the Standard Oil Co. and its affiliated corporations. With comparatively few exceptions, mainly of other large concerns in California, the Standard has been the sole beneficiary of such discriminations. In almost every section of the country that company has been found to enjoy some unfair advantages over its competitors, and some of these discriminations affect enormous areas. The government identified four illegal patterns: (1) secret and semi-secret railroad rates; (2) discriminations in

8085-599: The result of their policy is to favor the Standard Oil Co. Different methods are used in different places and under different conditions, but the net result is that from Maine to California the general arrangement of open rates on petroleum oil is such as to give the Standard an unreasonable advantage over its competitors. The government said that Standard raised prices to its monopolistic customers but lowered them to hurt competitors, often disguising its illegal actions by using bogus, supposedly independent companies it controlled. The evidence is, in fact, absolutely conclusive that

8190-787: The scale of companies, Rockefeller and his associates developed innovative ways of organizing to effectively manage their fast-growing enterprise. On January 2, 1882, they combined their disparate companies, spread across dozens of states, under a single group of trustees. By a secret agreement, the existing 37 stockholders conveyed their shares "in trust" to nine trustees: John and William Rockefeller, Oliver H. Payne , Charles Pratt , Henry Flagler , John D. Archbold , William G. Warden, Jabez Bostwick , and Benjamin Brewster . "Whereas some state legislatures imposed special taxes on out-of-state corporations doing business in their states, other legislatures forbade corporations in their state from holding

8295-472: The sister of William Rockefeller's wife. In 1870, Rockefeller abolished the partnership and incorporated Standard Oil in Ohio. Of the initial 10,000 shares, John D. Rockefeller received 2,667, Harkness received 1,334, William Rockefeller, Flagler, and Andrews received 1,333 each, Jennings received 1,000, and the firm of Rockefeller, Andrews & Flagler received 1,000. Rockefeller chose the "Standard Oil" name as

8400-613: The state of New Jersey changed its incorporation laws to allow a company to hold shares in other companies in any state. So, in 1899, the Standard Oil Trust, based at 26 Broadway in New York, was legally reborn as a holding company , the Standard Oil Co. of New Jersey (SOCNJ), which held stock in 41 other companies, which controlled other companies, which in turn controlled yet other companies. According to Daniel Yergin in his Pulitzer Prize-winning The Prize: The Epic Quest for Oil, Money, and Power (1990), this conglomerate

8505-493: The stock of companies based elsewhere. (Legislators established such restrictions in the hope that they would force successful companies to incorporate—and thus pay taxes—in their state.)" Standard Oil's organizational concept proved so successful that other giant enterprises adopted this "trust" form. By 1882, Rockefeller's top aide was John Dustin Archbold , whom he left in control after disengaging from business to concentrate on philanthropy after 1896. Other notable principals of

8610-584: The studies of human sexual behavior by Alfred Kinsey . In the interwar years, the foundation funded public health, nursing, and social work in Eastern and Central Europe. In 1950, the foundation expanded their international program of virus research, establishing field laboratories in Poona , India, Trinidad , Belém , Brazil, Johannesburg , South Africa, Cairo , Egypt, Ibadan , Nigeria, and Cali , Colombia, among others. The foundation funded research into

8715-472: The third inaugural trustee, in the first installment of a projected $ 100 million endowment. The nascent foundation applied for a federal charter in the US Senate in 1910, with at one stage Junior even secretly meeting with President William Howard Taft , through the aegis of Senator Nelson Aldrich , to hammer out concessions. However, because of the ongoing (1911) antitrust suit against Standard Oil at

8820-401: The time, along with deep suspicion in some quarters of undue Rockefeller influence on the spending of the endowment, the result was that Senior and Gates withdrew the bill from Congress in order to seek a state charter from New York. On May 14, 1913, New York Governor William Sulzer approved a charter for the foundation with Junior becoming the first president. With its large-scale endowment,

8925-817: The use of so-called terminator genes; the company later complied. In the 1990s, the foundation shifted its agriculture work and emphasis to Africa; in 2006, it joined with the Bill & Melinda Gates Foundation in a $ 150 million effort to fight hunger in the continent through improved agricultural productivity. In an interview marking the 100 year anniversary of the Rockefeller Foundation, Judith Rodin explained to This Is Africa that Rockefeller has been involved in Africa since their beginning in three main areas – health, agriculture and education, though agriculture has been and continues to be their largest investment in Africa. A total of 100 cities across six continents were part of

9030-456: The value of public health to improve American relations with the host country. Although they claimed the banner of public health and humanitarian medicine, they often engaged with politics and business interests. Rhoads was involved in a racism whitewashing scandal in the 1930s during which he joked about injecting cancer cells into Puerto Rican patients, inspiring Puerto Rican nationalist and anti-colonialist leader Pedro Albizu Campos . Noguchi

9135-618: The war, the foundation was involved in the establishment of the United Nations . Senate House (University of London) was built on donation from Rockefeller Foundation in 1926 and a foundation stone laid by King George V in 1933. It is the headquarters of the University of London since 1937. In the arts, the Rockefeller Foundation has supported the Stratford Shakespeare Festival in Ontario , Canada, and

9240-569: The world. Later it funded over $ 100 million of plant biotechnology research and trained over four hundred scientists from Asia, Africa and Latin America. It also invested in the production of transgenic crops, including rice and maize. In 1999, the then president Gordon Conway addressed the Monsanto Company board of directors, warning of the possible social and environmental dangers of this biotechnology, and requesting them to disavow

9345-467: Was a Standard company only from 1908 until 1911. One of the original " Muckrakers " Ida M. Tarbell , was an American author and journalist whose father was an oil producer whose business had failed because of Rockefeller's business dealings. After extensive interviews with a sympathetic senior executive of Standard Oil, Henry H. Rogers , Tarbell's investigations of Standard Oil fueled growing public attacks on Standard Oil and monopolies in general. Her work

9450-430: Was also involved in an unethical human experimentation scandal. Susan Lederer , Elizabeth Fee , and Jay Katz are among the modern scholars who have researched this period. Researchers with the foundation including Noguchi developed the vaccine to prevent yellow fever . Rhoads later became a significant cancer researcher and director of Memorial Sloan-Kettering , though his eponymous award for oncological excellence

9555-410: Was associated with Standard Oil. He then admitted to being a director of Standard Oil. The committee's final report scolded the railroads for their rebate policies and cited Standard Oil as an example. This scolding was largely moot to Standard Oil's interests since long-distance oil pipelines were now their preferred method of transportation. In response to state laws that had the result of limiting

9660-531: Was clear that it was being used to rationalize discrimination against Jewish people and other groups, after the Nuremberg laws in 1935 . In 1936, Rockefeller fulfilled pledges of $ 655,000 to Kaiser Wilhelm Institute, even though several distinguished Jewish scientists had been dropped from the institute at the time. The Rockefeller Foundation did not alert the world about the racist implications of Nazi ideology , but furthered and funded eugenic research through

9765-551: Was dismissed in 2011 for the Guatemala syphilis experiments when a judge determined that the U.S. government could not be held liable for actions committed outside of the U.S. An experiment was conducted by Vanderbilt University in the 1940s where they gave 800 pregnant women radioactive iron , 751 of which were pills, without their consent. In a 1969 article published in the American Journal of Epidemiology , it

9870-462: Was dissolved in 1962. Rockefeller's original company, Standard Oil Company of Ohio ( Sohio ), effectively ceased to exist when it was purchased by BP in 1987. BP continued to sell gasoline under the Sohio brand until 1991. Other Standard oil entities include "Standard Oil of Indiana" which became Amoco after other mergers and a name change in the 1980s, and "Standard Oil of California" which became

9975-481: Was estimated that three children had died from the experiment. With significant post-war activity John D. Rockefeller Jr. was an outspoken supporter of eugenics. Even as late as 1951, John D. Rockefeller III and John Foster Dulles , who was chairman of the foundation at the time, established the Population Council to advance family planning , birth control , and population control , and goals of

10080-597: Was formed in 1933. To distribute its products, Standard Oil constructed storage tanks, canneries (bulk oil from large ocean tankers was re-packaged into 5-US-gallon (19 L; 4.2 imp gal) tins), warehouses, and offices in key Chinese cities. For inland distribution, the company had motor tank trucks and railway tank cars, and for river navigation, it had a fleet of low-draft steamers and other vessels. Stanvac's North China Division, based in Shanghai, owned hundreds of vessels, including motor barges, steamers, launches, tugboats, and tankers. Up to 13 tankers operated on

10185-569: Was granted by New York . It is the second-oldest major philanthropic institution in America (after the Carnegie Corporation ) and ranks as the 30th largest foundation globally by endowment, with assets of over $ 6.3 billion in 2022. According to the OECD , the foundation provided $ 284 million for development in 2021. The foundation has given more than $ 14 billion in current dollars. The foundation has had an international reach since

10290-519: Was initially established through an emphasis on efficiency and responsibility. While most companies dumped gasoline in rivers (this was before the automobile was popular), Standard used it to fuel its machines. While other companies' refineries piled mountains of heavy waste, Rockefeller found ways to sell it. For example, Standard bought the company that invented and produced Vaseline , the Chesebrough Manufacturing Co. , which

10395-471: Was introduced to the Natural Sciences division of the foundation in the major reorganization of 1928. In 1941, the foundation gave a small grant to Mexico for maize research, in collaboration with the then new president, Manuel Ávila Camacho . This was done after the intervention of Vice President Henry Wallace and the involvement of Nelson Rockefeller ; the primary intention being to stabilise

10500-568: Was positive, sales boomed and China became Standard Oil's largest market in Asia. Prior to Pearl Harbor, Stanvac was the largest single U.S. investment in Southeast Asia . The North China Department of Socony (Standard Oil Company of New York) operated a subsidiary called Socony River and Coastal Fleet, North Coast Division, which became the North China Division of Stanvac (Standard Vacuum Oil Company) after that company

10605-654: Was published in 19 parts in McClure's magazine from November 1902 to October 1904, then in 1904 as the book The History of the Standard Oil Co . The Standard Oil Trust was controlled by a small group of families. Rockefeller stated in 1910: "I think it is true that the Pratt family, the Payne– Whitney family (which were one, as all the stock came from Colonel Payne), the Harkness-Flagler family (which came into

10710-712: Was renamed Exxon in 1973 and ExxonMobil in 1999, remains the largest public oil company in the world. Many of the companies disassociated from Jersey Standard in 1911 remained powerful businesses through the twentieth century. These included the Standard Oil Company of New York , Standard Oil Company (Indiana) , Standard Oil Company (California) , Ohio Oil Company , Continental Oil Company , and Atlantic Refining Company . Standard Oil's prehistory began in 1863, as an Ohio partnership formed by industrialist John D. Rockefeller , his brother William Rockefeller , Henry Flagler , chemist Samuel Andrews , silent partner Stephen V. Harkness , and Oliver Burr Jennings , who had married

10815-573: Was renamed after the scandal reemerged. During the late-1920s, the Rockefeller Foundation created the Medical Sciences Division, which emerged from the former Division of Medical Education. The division was led by Richard M. Pearce until his death in 1930, to which Alan Gregg succeeded him until 1945. During this period, the Division of Medical Sciences made contributions to research across several fields of psychiatry. In 1935

10920-449: Was seen by the public as all-pervasive, controlled by a select group of directors, and completely unaccountable. In 1904, Standard controlled 91 percent of production and 85 percent of final sales. Most of its output was kerosene , of which 55 percent was exported around the world. After 1900 it did not try to force competitors out of business by selling at a loss. The federal Commissioner of Corporations studied Standard's operations from

11025-434: Was the year when the antitrust case was filed against Standard. Standard's market share was 64 percent by 1911 when Standard was ordered broken up. At least 147 refining companies were competing with Standard including Gulf, Texaco, and Shell. It did not try to monopolize the exploration and extraction of oil (its share in 1911 was 11 percent). In 1909, the U.S. Justice Department sued Standard under federal antitrust law,

#94905