World Library  
Flag as Inappropriate
Email this Article

Laurance Rockefeller

Article Id: WHEBN0000659309
Reproduction Date:

Title: Laurance Rockefeller  
Author: World Heritage Encyclopedia
Language: English
Subject: Laura Rockefeller Chasin, Rockefeller family, Abby Rockefeller Mauzé, Nelson Rockefeller, David Rockefeller
Collection: 1910 Births, 2004 Deaths, American Businesspeople, American Conservationists, American Financiers, American Investors, American People of English Descent, American People of German Descent, American People of Scotch-Irish Descent, American Philanthropists, Businesspeople from New York City, Congressional Gold Medal Recipients, Deaths from Respiratory Failure, Dudley–winthrop Family, Harvard Law School Alumni, Nelson A. Rockefeller, People from Manhattan, Princeton University Alumni, Private Equity and Venture Capital Investors, Rockefeller Center, Rockefeller Family, Wildlife Conservation Society People
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Laurance Rockefeller

Laurance Rockefeller
Laurance and Mary Rockefeller (1965)
Born Laurance Spelman Rockefeller
(1910-05-26)May 26, 1910
New York City, U.S.
Died July 11, 2004(2004-07-11) (aged 94)
New York City, U.S.
Alma mater Princeton University
Occupation financier, conservationist, philanthropist, businessman
Spouse(s) Mary French
(1934–1997; her death)
Children

Laurance Spelman Rockefeller (May 26, 1910 – July 11, 2004) was an American philanthropist, businessman, financier, and major conservationist. He was a prominent third-generation member of the Rockefeller family, being the fourth child of John Davison Rockefeller Jr. and Abigail Greene "Abby" Aldrich. His siblings were Abby, John III, Nelson, Winthrop, and David.

Contents

  • Early life and marriage 1
  • Business, philanthropy, interests 2
  • Controversial science 3
  • UFO 4
  • Conservation and death 5
  • Conservation affiliations 6
  • See also 7
  • Notes 8
  • Further reading 9
  • External links 10

Early life and marriage

Rockefeller was born in New York City. He graduated from Princeton University (1932) and attended Harvard Law School for two years, until he decided he did not want to be a lawyer.

On August 22, 1934, in Woodstock, VT, Laurance married childhood friend Mary French, whose mother, Mary Montague Billings French, was a friend of Laurance's mother. When brother Nelson attended Dartmouth College, he shared a room with Mary's brother. Mary was granddaughter of Frederick H. Billings, a president of Northern Pacific Railway.[1]

Laurance and Mary had three daughters and a son. They are Laura Rockefeller Chasin, Marion Rockefeller Weber, Dr. Lucy R. Waletzky, and Larry Rockefeller. He had eight grandchildren and 12 great-grandchildren.

Business, philanthropy, interests

In 1937, he inherited his grandfather's seat on the New York Stock Exchange. He served as founding trustee of the Rockefeller Brothers Fund for forty-two years, from its inception in 1940 to 1982; during this time he also served as president (1958–68) and later its chairman (1968–80) for twenty-two years, longer than any other leader in the Fund's history. He was also a founding trustee of the Rockefeller Family Fund from 1967 to 1977.

He was a leading figure in the pioneering field of venture capital, which began as a joint partnership with all five brothers and their only sister, Babs, in 1946. In 1969 this became the successful Venrock Associates, which provided important early funding for Intel and Apple Computer, amongst many other start-up technology companies, including many other firms involved in healthcare. Over the years his investment interests ranged also into the fields of aerospace, electronics, high temperature physics, composite materials, optics, lasers, data processing, thermionics, instrumentation and nuclear power.

Venrock was a limited partnership investment company financed by members of the Rockefeller family and a number of the institutions with which the family had longstanding philanthropic ties, among them the Museum of Modern Art, Rockefeller University, and Memorial Sloan-Kettering Cancer Center.

Rockefeller's major interest was in aviation; after the War, he became friendly with Captain Eddie Rickenbacker, who had triumphed in many dogfights over Europe. Rockefeller had learned to fly, and found Rickenbacker's vivid accounts of an approaching boom in commercial air travel to be persuasive. Within a decade after Rockefeller's considerable investment, Eastern Airlines had become the most profitable airline to emerge after World War II. He became its largest shareholder. He also funded the pivotal post-WWII military contractor McDonnell Aircraft Corp.

Rockefeller was a longtime friend and associate of DeWitt Wallace, who with his wife in 1922 co-founded Reader's Digest. Wallace, who was a major funder of the family's Colonial Williamsburg, appointed Laurance as an outside director in the company.[2] He wanted to ensure that it preserved its patriotic mission of informing and educating the public, along with support for national parks, one of Rockefeller's primary interests.

Through his resort management company, Rockresorts, Inc., Rockefeller opened environmentally focused hotels at Caneel Bay on Saint John, United States Virgin Islands (1956; a favorite resort today for celebrities), some property of which was later turned over to the Virgin Islands National Park; in Puerto Rico, on Virgin Gorda in the British Virgin Islands, and Hawaii, contributing to the movement now known as eco-tourism. The last of these, the Mauna Kea Beach Hotel, was established in 1965 on the Kohala Coast of the island of Hawaii. Its most noted General Manager was Adi Kohler, who later wrote the story of the construction of the famous hotel in his book "Mr. Mauna Kea" published by McKenna Publishing Group. While sailing past Virgin Gorda, Rockefeller spotted an idyllic half-mile crescent bay with what he dubbed "wilderness beach". In 1958 planning and land acquisition began for what would become Little Dix Bay. The resort opened in 1964 and on 18 January 2014 Little Dix Bay celebrated its 50th anniversary. In 1993, the resort became part of Rosewood Hotels & Resorts but remains true to Rockefeller's vision of natural harmony and balance while offering an escape from the ordinary.

Rockefeller funded the Memorial Sloan-Kettering Cancer Center at a critical juncture of its early development. He also funded William Irwin Thompson's Lindisfarne Association, a think tank and retreat. He had a major involvement in the New York Zoological Society, along with support from other family members and philanthropies; he was a long-time trustee (1935–86), president (1968–71) and chairman (1971–85).

Controversial science

Rockefeller also funded[3] controversial research of the PEAR lab, dealing with consciousness-based physical phenomena.

UFO

In later life, Rockefeller became interested in UFOs. In 1993, along with his niece, Anne Bartley, the stepdaughter of Winthrop Rockefeller and the then-president of the Rockefeller Family Fund, he established the UFO Disclosure Initiative to the Clinton White House. They asked for all UFO information held by the government, including from the CIA and the US Air Force, to be declassified and released to the public. The first and most important test case where declassification had to apply, according to Rockefeller, was the Roswell UFO incident. In September 1994, the Air Force categorically denied the incident was UFO-related. Rockefeller briefed Clinton on the results of his initiative in 1995. Clinton did produce an Executive Order in late 1994 to declassify numerous documents in the National Archives, but this did not specifically refer to UFO-related files.[4]

He also had an interest, gained via his mother Abby Aldrich Rockefeller, in Buddhism and Asian cultural affairs. He funded the research of Harvard Medical School Professor Dr. John E. Mack, author of Passport to the Cosmos. He also supported the work of Dr. Steven M. Greer of the Disclosure Project.[5]

Conservation and death

He was noted for his involvement in conservation (Lady Bird Johnson in 1967 was to label him "America's leading conservationist") and the protection of wildlife and was chairman of the Outdoor Recreation Resources Review Commission. He was also a recipient of the Lady Bird Johnson Conservation Award. He served on dozens of federal, state and local commissions and advised every president since Dwight D. Eisenhower on issues involving recreation, wilderness preservation and ecology. He founded the American Conservation Association and supported many other environmental groups.

He funded the expansion of Grand Teton National Park and was instrumental in establishing and enlarging national parks in Wyoming, California, the Virgin Islands, Vermont, Maine and Hawaii. In his home state, New York, he expended further cash and influence to help establish parklands and urban open spaces. There, as an active member of the Palisades Interstate Park Commission, he helped create a chain of parks that blocked the advance of urban sprawl.

In September 1991, he was awarded the [6]

In 1992 Rockefeller and his wife Mary donated their Woodstock, Vermont summer home and farm to the National Park Service, creating a national park dedicated to the history of conservation, now called the Marsh-Billings-Rockefeller National Historical Park. In 2001, Rockefeller transferred ownership of his landmark 1106-acre (4.5 km²) JY Ranch to the Grand Teton National Park in Wyoming. It was accepted by Vice President Dick Cheney on behalf of the Federal government (see External Links below). Mary Rockefeller died in 1997, at the age of 86.

Following his wife Mary's death, Rockefeller returned to New York. He died in his sleep of natural cause by pulmonary fibrosis on July 11, 2004 at the age of 94. Laurance Rockefeller was survived by daughters Lucy, Marion, Laura, and one son Larry Rockefeller. He was interred next to his wife at the Rockefeller Family Cemetery in Sleepy Hollow.

Conservation affiliations

Partial list of his more notable memberships:

(Source: Robin Winks, Laurance S. Rockefeller, Appendix, pp. 207–211)

See also

Notes

  1. ^ "Mary and Laurance Rockefellers’ Billings Farm and the Farm & Museum". Vermont Standard. May 2010. Retrieved May 28, 2014. 
  2. ^ Winks, Robin (1997), Laurance S. Rockefeller: Catalyst for Conservation, Island Press, p. 181 .
  3. ^ "Press statement", PEAR, Princeton .
  4. ^ UFO Disclosure Initiative
  5. ^ The Disclosure Project
  6. ^ Received first Congressional Gold Medal for conservation in 1991 - Robin Winks, op. cit., (pp.1-2)

Further reading

  • Laurance S. Rockefeller: Catalyst for Conservation, by Robin W. Winks, Washington, D.C.: Island Press, 1997.
  • Memoirs, David Rockefeller, New York: Random House, 2002.
  • From the Captain to the Colonel: An Informal History of Eastern Airlines, Robert J. Serling, New York: Dial Press, 1980.

External links

  • Dick Cheney's remarks in 2001 on the transfer by Laurance of his JY Ranch to the Federal Government
  • Personality Change/The Father of Venture Capital A 2000 Forbes magazine (Subscription) profile of the Venrock venture capital firm.
  • RBF 2003 Annual Report: Philanthropy for an Interdependent World (pdf)
  • Laurance S. Rockefeller, Passionate Conservationist and Investor, is Dead at 94 2004 New York Times obituary.
  • Laurance Rockefeller Dies at 94 2004 Washington Post obituary.
  • Marsh-Billings-Rockefeller National Historical Park
  • Rockefeller UFO Disclosure Initiative to the Clinton White House
  • The Rockefeller Archive Center Biographical details from the family archives.
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.