The latest report gathered from The Journal News indicates that US billionaire and philanthropist, David Rockefeller, is to be buried in Westchester, New York.
Rockefeller died on March 20 at the age of 101 at home in Pocantico Hills, New York, from congested heart failure.
It is not yet clear when he will be buried, but family spokesman Fraser Seitel is quoted by the Journal News as saying that he presumes Rockefeller will be the latest family member to be buried in the Rockefeller family’s private cemetery in Pocantico Hills.
“There haven’t been any arrangements yet that have been specified, but my presumption is that there will be a private burial, and then there will be a memorial service later on in New York City,” Seitel is quoted in The Journal News.
The late Rockefeller was the youngest and last surviving grandson of Standard Oil founder John D. Rockefeller, America’s first billionaire. According to Bloomberg’s Heather Burke and Mark Schoifet, David Rockefeller was the only son among John D. Rockefeller, Jr’s five sons who spent his entire professional career in the corporate world.
He rose to the position of chief executive officer of Chase Manhattan Bank during his 35 years at the company.
David Rockefeller was well known for his philanthropic life. He willed US$225 million to the Rockefeller Brothers Fund, which they established in 1940 to promote social change worldwide.
Prior to donating this amount, he donated $200 million to two New York institutions, the Museum of Modern Art co-founded by his mother, and Rockefeller University, and a medical research school started by his grandfather.
In 2008 Rockefeller gave $100 million to his alma mater, Harvard University in Cambridge, Massachusetts.
Liberia also benefited from the Rockefeller Foundation.
It may be recalled that in 2011, the University of Liberia’s College of Agriculture and Forestry received a grant of US$346,000 from the Foundation to revamp that college.
The Foundation also runs the 100 Resilient Cities program from which the Paynesville City Corporation (PCC) is expected to benefit from the US$164 million allotted to member cities.
About the Rockefeller Brothers
Laurance Rockefeller, one of the brothers, was a venture capitalist, environmentalist and adviser to five U.S. Presidents on conservation. He died in 2004. Nelson, who departed in 1979, was a four-term New York Governor and U.S. Vice President under President Gerald R. Ford.
John D. Rockefeller III, the oldest of the brothers, was killed in an automobile accident in 1978. He led the fundraising efforts to develop New York’s Lincoln Center for Performing Arts. Wonthrop was a former Governor of Arkansas who died in 1973.
Their sister, identified as Abby Rockefeller Mauze, died in 1976.
The Rockefellers, once America’s wealthiest family, can be compared to 21st Century business tycoons including Microsoft Corporation co-founder Bill Gates or Warren Buffett.