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Rockefeller family

The Rockefeller family, founded by John Davison Rockefeller (1839-1937) and his brother William Rockefeller (1841-1922), made a fortune in the oil business during the latter part of the 19th century through their Standard Oil Company. The family became one of the great philanthropic families in the United States, and members have held high public offices including Vice President of the United States, held by Nelson Rockefeller.

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Legacy

At its peak, John D. Rockefeller's personal fortune was estimated at almost $1 billion of which he reportedly gave away more than half. The Rockefeller name is imprinted on a number of places throughout the United States, most notably in New York City.

The Rockefeller family donated some sizable sums towards the rebuilding of France after World War I. For this reason, it is still considered a comparison point for extreme wealth ("rich like Rockefeller"); this usage is now dated and fading out.

The Rockefeller family was also responsible for the creation and endowment of the Colonial Williamsburg Foundation which operates the restored area at Williamsburg, Virginia.

Donation leading to the formation of University of Chicago , the Nobel Prize Winning Power in 1890 where the first American Nobel Prize was produced in 1907.[1]

International politics

The Rockefellers have been involved heavily in international politics, and have donated money or have been involved in the following institutions:

Members of the Rockefeller family

By birth

By marriage

Protection of assets

As described by Gary Allen in his 1976 book "The Rockefeller File," "By the time the (16th) Amendment had been approved by the states, the Rockefeller Foundation was in full operation...about the same time that Judge Kenesaw Landis was ordering the breakup of the Standard Oil monopoly...John D...not only avoided taxes by creating four great tax-exempt foundations; he used them as repositories for his 'divested' interests...made his assets non-taxable so that they might be passed down through generations without...estate and gift taxes...Each year the Rockefellers can dump up to half their incomes into their pet foundations and deduct the "donations" from their income tax."

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10-26-2009 08:16:03
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