Laurance Rockefeller
Encyclopedia
Laurance Spelman Rockefeller (May 26, 1910 – July 11, 2004) was a venture capitalist, financier
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...

, philanthropist
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...

, a major conservationist
Conservationist
Conservationists are proponents or advocates of conservation. They advocate for the protection of all the species in an ecosystem with a strong focus on the natural environment...

 and a prominent third-generation member of the Rockefeller family
Rockefeller family
The Rockefeller family , the Cleveland family of John D. Rockefeller and his brother William Rockefeller , is an American industrial, banking, and political family of German origin that made one of the world's largest private fortunes in the oil business during the late 19th and early 20th...

. He was the fourth child of John D. Rockefeller, Jr.
John D. Rockefeller, Jr.
John Davison Rockefeller, Jr. was a major philanthropist and a pivotal member of the prominent Rockefeller family. He was the sole son among the five children of businessman and Standard Oil industrialist John D. Rockefeller and the father of the five famous Rockefeller brothers...

 and brother to John D. III, Nelson
Nelson Rockefeller
Nelson Aldrich Rockefeller was the 41st Vice President of the United States , serving under President Gerald Ford, and the 49th Governor of New York , as well as serving the Roosevelt, Truman and Eisenhower administrations in a variety of positions...

, Winthrop
Winthrop Rockefeller
Winthrop Rockefeller was a politician and philanthropist who served as the first Republican Governor of Arkansas since Reconstruction. He was a third-generation member of the Rockefeller family.-Early life:...

, David
David Rockefeller
David Rockefeller, Sr. is the current patriarch of the Rockefeller family. He is the youngest and only surviving child of John D. Rockefeller, Jr. and Abby Aldrich Rockefeller, and the only surviving grandchild of oil tycoon John D. Rockefeller, founder of Standard Oil. His five siblings were...

 and Abby Rockefeller Mauze
Abby Rockefeller Mauzé
Abigail "Abby" Rockefeller Mauzé was the first child and only daughter of John Davison Rockefeller, Jr. and Abigail "Abby" Greene Aldrich Rockefeller...

.

Early life and marriage

Rockefeller was born in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

. He graduated from Princeton University
Princeton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....

 (1932) and attended Harvard Law School
Harvard Law School
Harvard Law School is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, it is the oldest continually-operating law school in the United States and is home to the largest academic law library in the world. The school is routinely ranked by the U.S...

 for two years, until he decided he did not want to be a lawyer.

In 1934, Laurance married childhood friend Mary French, whose mother, Mary Montague French, and Laurance's mother were friends. When Nelson
Nelson Rockefeller
Nelson Aldrich Rockefeller was the 41st Vice President of the United States , serving under President Gerald Ford, and the 49th Governor of New York , as well as serving the Roosevelt, Truman and Eisenhower administrations in a variety of positions...

 attended Dartmouth College
Dartmouth College
Dartmouth College is a private, Ivy League university in Hanover, New Hampshire, United States. The institution comprises a liberal arts college, Dartmouth Medical School, Thayer School of Engineering, and the Tuck School of Business, as well as 19 graduate programs in the arts and sciences...

, he shared a room with Mary's brother. Mary was granddaughter of Frederick H. Billings
Frederick H. Billings
Frederick Billings was an American lawyer and financier. From 1879 to 1881 he was President of the Northern Pacific Railway....

, a president of Northern Pacific Railway
Northern Pacific Railway
The Northern Pacific Railway was a railway that operated in the west along the Canadian border of the United States. Construction began in 1870 and the main line opened all the way from the Great Lakes to the Pacific when former president Ulysses S. Grant drove in the final "golden spike" in...

.

Laurance and Mary had three daughters and a son. They are Laura R. Chasin, Marion R. Weber, Dr. Lucy R. Waletzky, and Larry Rockefeller. In 2004, when he died, he had eight grandchildren and 12 great-grandchildren. Mary had died in 1997.

Business, philanthropy, interests

In 1937 he inherited his grandfather's seat on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...

. He served as founding trustee of the Rockefeller Brothers Fund
Rockefeller Brothers Fund
The Rockefeller Brothers Fund , , is an international philanthropic organisation created and run by members of the Rockefeller family. It was set up in New York City in 1940 as the primary philanthropic vehicle of the five famous Rockefeller brothers: John D...

 for forty-two years, from its inception in 1940 to 1982; during this time he also served as president (1958–1968) and later its chairman (1968–1980) 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
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

, 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
Venrock Associates
Venrock, a compound of "Venture" and "Rockefeller", is a pioneering venture capital firm formed in 1969 to build upon the successful investing activities of the Rockefeller family that began in the late 1930s. It has offices in Palo Alto, California, New York City, Cambridge, Massachusetts, and...

, which provided important early funding for Intel and Apple Computer
Apple Computer
Apple Inc. is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers. The company's best-known hardware products include the Macintosh line of computers, the iPod, the iPhone and the iPad...

, 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
Museum of Modern Art
The Museum of Modern Art is an art museum in Midtown Manhattan in New York City, on 53rd Street, between Fifth and Sixth Avenues. It has been important in developing and collecting modernist art, and is often identified as the most influential museum of modern art in the world...

, Rockefeller University
Rockefeller University
The Rockefeller University is a private university offering postgraduate and postdoctoral education. It has a strong concentration in the biological sciences. It is also known for producing numerous Nobel laureates...

 and Memorial Sloan-Kettering Cancer Center
Memorial Sloan-Kettering Cancer Center
Memorial Sloan–Kettering Cancer Center is a cancer treatment and research institution founded in 1884 as the New York Cancer Hospital...

.

Rockefeller's major interest was in aviation; after the War, he became friendly with Captain Rickenbacker
Rickenbacker
Rickenbacker International Corporation, also known as Rickenbacker, is an electric and bass guitar manufacturer based in Santa Ana, California...

, 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
McDonnell Aircraft
The McDonnell Aircraft Corporation was an American aerospace manufacturer based in St. Louis, Missouri. The company was founded on July 16, 1939 by James Smith McDonnell, and was best known for its military fighters, including the F-4 Phantom II, and manned spacecraft including the Mercury capsule...

 Corp.

Rockefeller was a longtime friend and associate of DeWitt Wallace
DeWitt Wallace
DeWitt Wallace , also known as William Roy was a United States magazine publisher. He co-founded Reader's Digest with his wife Lila Wallace and published the first issue in 1922.Born in St...

, who with his wife in 1922 co-founded Reader's Digest
Reader's Digest
Reader's Digest is a general interest family magazine, published ten times annually. Formerly based in Chappaqua, New York, its headquarters is now in New York City. It was founded in 1922, by DeWitt Wallace and Lila Bell Wallace...

. Wallace, who was a major funder of the family's Colonial Williamsburg
Colonial Williamsburg
Colonial Williamsburg is the private foundation representing the historic district of the city of Williamsburg, Virginia, USA. The district includes buildings dating from 1699 to 1780 which made colonial Virginia's capital. The capital straddled the boundary of the original shires of Virginia —...

, appointed Laurance as an outside director in the company. 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
Rockresorts
RockResorts is a hotel brand with roots in the 1950s. Laurance Rockefeller, founder, began building a series of resorts in 1956 with the establishment of Caneel Bay on St. John in the United States Virgin Islands...

, Inc., Rockefeller opened environmentally focused hotels at Caneel Bay
Caneel Bay
Caneel Bay is a Rosewood Resort located on the northwest side of St. John, one of the US Virgin Islands. The resort is nestled within Virgin Islands National Park on property once owned by Laurance Rockefeller. The hotel was one of the early members of Rockefeller's hotel chain, Rockresorts...

 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
Puerto Rico
Puerto Rico , officially the Commonwealth of Puerto Rico , is an unincorporated territory of the United States, located in the northeastern Caribbean, east of the Dominican Republic and west of both the United States Virgin Islands and the British Virgin Islands.Puerto Rico comprises an...

, the British Virgin Islands
British Virgin Islands
The Virgin Islands, often called the British Virgin Islands , is a British overseas territory and overseas territory of the European Union, located in the Caribbean to the east of Puerto Rico. The islands make up part of the Virgin Islands archipelago, the remaining islands constituting the U.S...

, and Hawaii
Hawaii
Hawaii is the newest of the 50 U.S. states , and is the only U.S. state made up entirely of islands. It is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean, southwest of the continental United States, southeast of Japan, and northeast of...

, 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. It's 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.

Rockefeller funded the Memorial Sloan-Kettering Cancer Center at a critical juncture of its early development. He also funded William Irwin Thompson
William Irwin Thompson
William Irwin Thompson is known primarily as a social philosopher and cultural critic, but he has also been writing and publishing poetry throughout his career and received the Oslo International Poetry Festival Award in 1986. He describes his writing and speaking style as "mind-jazz on ancient...

's Lindisfarne Association
Lindisfarne Association
The Lindisfarne Association is a group of intellectuals of diverse interests organized by cultural historian William Irwin Thompson for the "study and realization of a new planetary culture"...

, a think tank
Think tank
A think tank is an organization that conducts research and engages in advocacy in areas such as social policy, political strategy, economics, military, and technology issues. Most think tanks are non-profit organizations, which some countries such as the United States and Canada provide with tax...

 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 (1935–1986), president (1969–1971) and chairman (1971–1985).

Controversial Science

Rockefeller also became interested in spiritual
Spirituality
Spirituality can refer to an ultimate or an alleged immaterial reality; an inner path enabling a person to discover the essence of his/her being; or the “deepest values and meanings by which people live.” Spiritual practices, including meditation, prayer and contemplation, are intended to develop...

 research and crop circles. He funded a study about crop circles in the late 1990s. Rockefeller also funded controversial, though peer reviewed and not-disproven, research of the PEAR
Princeton Engineering Anomalies Research Lab
The Princeton Engineering Anomalies Research program was established at Princeton University in 1979 by Robert G. Jahn, then Dean of the School of Engineering and Applied Science, to pursue rigorous scientific study of the interaction of human consciousness with physical devices, systems, and...

 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
Winthrop Rockefeller
Winthrop Rockefeller was a politician and philanthropist who served as the first Republican Governor of Arkansas since Reconstruction. He was a third-generation member of the Rockefeller family.-Early life:...

 and the then-president of the Rockefeller Family Fund, he established the UFO Disclosure Initiative to the Clinton
Bill Clinton
William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation...

 White House. They asked for all UFO information held by the government, including from the CIA
Central Intelligence Agency
The Central Intelligence Agency is a civilian intelligence agency of the United States government. It is an executive agency and reports directly to the Director of National Intelligence, responsible for providing national security intelligence assessment to senior United States policymakers...

 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
Roswell UFO incident
The Roswell UFO Incident was the recovery of an object that crashed in the general vicinity of Roswell, New Mexico, in June or July 1947, allegedly an extra-terrestrial spacecraft and its alien occupants. Since the late 1970s the incident has been the subject of intense controversy and of...

. 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.

He also had an interest, gained via his mother Abby Aldrich Rockefeller
Abby Aldrich Rockefeller
Abby Aldrich Rockefeller, , was a prominent socialite and philanthropist and the second-generation matriarch of the renowned Rockefeller family...

, in Buddhism
Buddhism
Buddhism is a religion and philosophy encompassing a variety of traditions, beliefs and practices, largely based on teachings attributed to Siddhartha Gautama, commonly known as the Buddha . The Buddha lived and taught in the northeastern Indian subcontinent some time between the 6th and 4th...

 and Asian cultural affairs. He funded the research of Harvard Medical School
Harvard Medical School
Harvard Medical School is the graduate medical school of Harvard University. It is located in the Longwood Medical Area of the Mission Hill neighborhood of Boston, Massachusetts....

 Professor Dr. John Edward Mack
John Edward Mack
John Edward Mack, M.D. was an American psychiatrist, writer, and professor at Harvard Medical School...

, author of Passport to the Cosmos. He also supported the work of Dr. Steven M. Greer
Steven M. Greer
Steven M. Greer is an American physician and ufologist who founded the Orion Project and The Disclosure Project.-Biography:Greer claims that he is a contactee who has coined the term "close encounter of the fifth kind" to describe human-initiated contact with extraterrestrials.-The Disclosure...

 of the Disclosure Project.

Conservation

He was noted for his involvement in conservation
Conservation movement
The conservation movement, also known as nature conservation, is a political, environmental and a social movement that seeks to protect natural resources including animal, fungus and plant species as well as their habitat for the future....

 (Lady Bird Johnson
Lady Bird Johnson
Claudia Alta "Lady Bird" Taylor Johnson was First Lady of the United States from 1963 to 1969 during the presidency of her husband Lyndon B. Johnson. Throughout her life, she was an advocate for beautification of the nation's cities and highways and conservation of natural resources and made that...

 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 served on dozens of federal, state and local commissions and advised every president since Dwight D. Eisenhower
Dwight D. Eisenhower
Dwight David "Ike" Eisenhower was the 34th President of the United States, from 1953 until 1961. He was a five-star general in the United States Army...

 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
Grand Teton National Park
Grand Teton National Park is a United States National Park located in northwestern Wyoming, U.S. The Park consists of approximately and includes the major peaks of the long Teton Range as well as most of the northern sections of the valley known as Jackson Hole. Only south of Yellowstone...

 and was instrumental in establishing and enlarging national park
National park
A national park is a reserve of natural, semi-natural, or developed land that a sovereign state declares or owns. Although individual nations designate their own national parks differently A national park is a reserve of natural, semi-natural, or developed land that a sovereign state declares or...

s 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 Congressional Gold Medal for contributions to conservation and historic preservation. Awarded by President George H. W. Bush
George H. W. Bush
George Herbert Walker Bush is an American politician who served as the 41st President of the United States . He had previously served as the 43rd Vice President of the United States , a congressman, an ambassador, and Director of Central Intelligence.Bush was born in Milton, Massachusetts, to...

, it was the first time in the Medal's history (since 1777) that it had been awarded for outdoor issues, effectively naming Rockefeller as "Mr Conservation", who more than any other American had put this issue on the public agenda. Rockefeller said at the award presentation that nothing was more important to him than "the creation of a conservation ethic in America".

In 1992 Rockefeller and his wife Mary donated their Woodstock, Vermont summer home and farm to the National Park Service
National Park Service
The National Park Service is the U.S. federal agency that manages all national parks, many national monuments, and other conservation and historical properties with various title designations...

, 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
Laurance S. Rockefeller Preserve
The Laurance S. Rockefeller Preserve is a refuge within Grand Teton National Park on the southern end of Phelps Lake. The site was originally known as the JY Ranch, a dude ranch. Starting in 1927, John D. Rockefeller, Jr. purchased much of the land in Jackson Hole for the creation of Jackson...

 to the Grand Teton National Park
Grand Teton National Park
Grand Teton National Park is a United States National Park located in northwestern Wyoming, U.S. The Park consists of approximately and includes the major peaks of the long Teton Range as well as most of the northern sections of the valley known as Jackson Hole. Only south of Yellowstone...

 in Wyoming
Wyoming
Wyoming is a state in the mountain region of the Western United States. The western two thirds of the state is covered mostly with the mountain ranges and rangelands in the foothills of the Eastern Rocky Mountains, while the eastern third of the state is high elevation prairie known as the High...

. It was accepted by Vice-President Dick Cheney
Dick Cheney
Richard Bruce "Dick" Cheney served as the 46th Vice President of the United States , under George W. Bush....

 on behalf of the Federal government (see External Links below).

He died in his sleep of pulmonary fibrosis
Pulmonary fibrosis
Pulmonary fibrosis is the formation or development of excess fibrous connective tissue in the lungs. It is also described as "scarring of the lung".-Symptoms:Symptoms of pulmonary fibrosis are mainly:...

 on July 11, 2004.

Conservation affiliations

Partial list of his more notable memberships:
  • American Conservation Association, Inc. - Founder, President and Trustee.
  • American Museum of Natural History
    American Museum of Natural History
    The American Museum of Natural History , located on the Upper West Side of Manhattan in New York City, United States, is one of the largest and most celebrated museums in the world...

     - Life Member.
  • The Conservation Foundation - Founding Member and Trustee, Board of Directors.
  • Environmental Defense Fund - Member.
  • Greenacre Foundation - Trustee.
  • Jackson Hole Preserve, Inc. - President.
  • National Audubon Society
    National Audubon Society
    The National Audubon Society is an American non-profit environmental organization dedicated to conservation. Incorporated in 1905, Audubon is one of the oldest of such organizations in the world and uses science, education and grassroots advocacy to advance its conservation mission...

     - Life Member (Recipient, Audubon Medal, 1964).
  • National Geographic Society
    National Geographic Society
    The National Geographic Society , headquartered in Washington, D.C. in the United States, is one of the largest non-profit scientific and educational institutions in the world. Its interests include geography, archaeology and natural science, the promotion of environmental and historical...

     - Board of Trustees.
  • National Park Foundation
    National Park Foundation
    Chartered by Congress, the National Park Foundation is the official charity of America’s nearly 400 national parks. Funds contributed to the Foundation are invested directly into the national parks...

     - Vice Chairman, Board Member Emeritus.
  • National Trust for Historic Preservation
    National Trust for Historic Preservation
    The National Trust for Historic Preservation is an American member-supported organization that was founded in 1949 by congressional charter to support preservation of historic buildings and neighborhoods through a range of programs and activities, including the publication of Preservation...

     - Life Member.
  • National Wildlife Federation
    National Wildlife Federation
    The National Wildlife Federation is the United States' largest private, nonprofit conservation education and advocacy organization, with over four million members and supporters, and 48 state and territorial affiliated organizations...

     - Member.
  • The Nature Conservancy - Member.
  • New York Zoological Society - Trustee, Chairman.
  • Palisades Interstate Park Commission - President.
  • Save-the-Redwoods League
    Save-the-Redwoods League
    The Save the Redwoods League is an organization dedicated to the protection of the remaining Coast Redwood trees in the state of California. It was founded in 1918 by Frederick Russell Burnham, Madison Grant, John C. Merriam, and Henry Fairfield Osborn....

     - Life Member.
  • The Wildlife Conservation Society - Chairman.
  • World Wildlife Fund - Member.

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

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.

See also

  • Rockefeller family
    Rockefeller family
    The Rockefeller family , the Cleveland family of John D. Rockefeller and his brother William Rockefeller , is an American industrial, banking, and political family of German origin that made one of the world's largest private fortunes in the oil business during the late 19th and early 20th...

  • David Rockefeller
    David Rockefeller
    David Rockefeller, Sr. is the current patriarch of the Rockefeller family. He is the youngest and only surviving child of John D. Rockefeller, Jr. and Abby Aldrich Rockefeller, and the only surviving grandchild of oil tycoon John D. Rockefeller, founder of Standard Oil. His five siblings were...

  • Rockefeller Brothers Fund
    Rockefeller Brothers Fund
    The Rockefeller Brothers Fund , , is an international philanthropic organisation created and run by members of the Rockefeller family. It was set up in New York City in 1940 as the primary philanthropic vehicle of the five famous Rockefeller brothers: John D...

  • Venture capital
    Venture capital
    Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

  • Private equity
    Private equity
    Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....

  • Memorial Sloan-Kettering Cancer Center
    Memorial Sloan-Kettering Cancer Center
    Memorial Sloan–Kettering Cancer Center is a cancer treatment and research institution founded in 1884 as the New York Cancer Hospital...


External links

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