The Rockefeller Foundation was established in 1913 by John D. Rockefeller, Sr. as a tax- free "philanthropy" shortly after the legislation of income tax and a court order to dis- solve the Standard Oil trust. The foundation was one of the many mechanisms the Rocke- feller family and other Standard Oil families have utilized to retain control of the various companies created out of the original Standard Oil trust, and to avoid heavy taxes. The initial capital of the foundation, $36 million, was composed of large blocs of stock in the main successor companies of the original oil trust.. By 1967, the foun- dation's capital had mushroomed to $805 million. With over half the foundation's (and presumably, the Rockefellers') income generated by U.S. oil companies which depend on foreign operations for half their profits, it is understandable that the foundation would "spend fully 75 percent of its revenue on the I-22- creation of elites, modernization of infrastructures and purchase of goodwill over- seas." 1 In fact, the Rockefeller Foundation gives more grants for such overseas pro- jects than any other U.S. foundation. In Latin America, the foundation's main focus is agricultural research, population con- trol and university "modernization" (i.e., creation of Americanized elites). Two recent articles in Ramparts (April and May 1969) have documented how the major American foun- dations, particularly Ford, Carnegie and Rockefeller, have restructured American higher education to service the needs of the corporate economy. Ramparts' description is equally applicable to the "university reform" programs financed by the Rockefeller and Ford Foundations in Latin America over the last decade. Colombia, a major producer of oil in Latin America and the proposed site for a new inter- oceanic canal (a project David Rockefeller is particularly interested in), received the largest Rockefeller Foundation grants of any country in Latin America in 1967 (see chart below). Dr. Alberto Lleras Camargo, former president of Colombia (1945-46 and 1958-62) and current editorial board chairman of Visi6n (the Time of Latin America), was named a Foundation trustee in 1967. His cousin, Carlos Lleras Restrepo is currently president of Colombia. The Rockefeller Foundation functions as an important groomer of top policymakers of Amer- ica. The foundation has provided two of the last four U.S. Secretaries of State. John Foster Dulles was chairman of the foundation from 1950-52 before becoming Secretary of State for seven years. Dean Rusk served as president of the foundation for nine years before becoming Secretary of State for eight. Christian Herter, who filled the post in the State Department for a short period between Dulles and Rusk, was also a representa- tive of Rockefeller interests. He married into the Pratt family, descendants of one of John D. Rockefeller Sr.'s original associates in Standard Oil. His son, Christian Her- ter, Jr., was manager of Mobil Oil's government relations during the 1960's and is cur- rently a Mobil vice-president. The current president of the foundation, J. George Harrar, reportedly turned down the Secretaryship of State when President-Elect Nixon offered it to him. On the other hand, Nixon's science advisor, Leslie DuBridge, and his Secretary of Agriculture, Clifford Hardin, were both trustees of the foundation in 1967. For a listing (by organization) of all charitable, educational, religious, scientific and public contributions by John D. Rockefeller, Jr., which aggregate $100,000 or over between January 1917 and December 1959, see The New York Herald Tribune, May 12, 1960. Source: The President's Review & Annual Report, 1967. THE ROCKEFELLER FOUNDATION As of December 31, 1967 Total Assets: $805 million. Over half of these assets were held in stock of three companies formed from the ori- ginal Standard Oil Trust: Standard Oil (N.J.) $270 million (1.8 percent of outstanding stock) Standard Oil (Ind.) 108.3 million (2.8 percent of outstanding stock) Mobil Oil 25.6 million (.6 percent of outstanding stock) TOTAL $403.9 million Total 1967 appropriations: $39 million Total appropriations to Latin America: over $5.5 million, or approximately 15 percent of overall appropriations in 1967.-23- ROCKEFELLER FOUNDATION GRANTS IN LATIN AMERICA FOR 1967 Readers should bear in mind that the Rockefeller Foundation often, if not usually, gives grants in collusion with other foundations, government agencies and international aid organizations. The Ford Foundation, among others, has many joint projects with the Rockefeller Foundation. Totals represent figures as given in the Rockefeller Foundation Annual Report, 1967. Fellowships, scholarships, cooperative programs and "other support" have been included in country totals. Bolivia, Nicaragua and Uruguay have been excluded from this tabu- lation because of the small size of the grants to those countries. Argentina - Total: $148,618 Nat'l Instit. of Agric. Technology.$ 854 Torcuato di Tella Instit. .......... 27,711 Univ. of Buenos Aires ............... 6,321 Univ. of Cuyo ....................... 52,361 Brazil - Total: $463,088 Brazilian Society of Genetics ....... 9,700 Fed. Univ. of Minas Gerais .......... 57,695 Inst. Rural Univ. Univ. Univ. Univ. of Agronomy, Sao Paulo...... Univ. of Minas Gerais....... of Bahia.................... of Parana................... of Rio Grande do Sul........ of Sao Paulo................ .. 19,484 .. 4,976 .. 3,500 .. 4,583 .. 12,495 .150,064 Chile - Total: $1,227,353 Agriculture Research Instit ........ 244,693 Catholic Univ. of Chile ............ 119,161 Cncil of Rectors of Chilean Univs.. 2,369 Univ. of Chile ..................... 456,237 Univ. of Concepcion ................ 7,508 Colombia - Total: $2,037,819 Colombian Ass'n of Faculties of Medicine ........................ 37,600 Colombian Instit. of Agriculture...214,334 Fundacion para la Educacion Superior ........................ 7,000 Internat'l Center of Tropical Agric.66,295 Nat'l Univ. of Colombia ............ 18,700 Univ. of the Andes ................. 54,500 Univ. of Antioquia ................. 24,424 Univ. of Valle .................. 1,117,456 Costa Rica - Total: $12,905 Univ. of Costa Rica................ 120 Guatemala - Total: $16,416 Univ. of San Carlos ........... $ 1,827 Guyana - Total: $6,611 Ministry of External Affairs... 2,254 Honduras - Total: $30,287 Pan Amer. Agricultural Instit.. Jamaica - Total: $72,850 Univ. of the West Indies....... 11,994 70,709 Mexico - Total: $918,791 Colegio de Mexico.............. 51,270 Internat'l Maize & Wheat Improvement Center.......... 164,483 Mexican Center of Writers...... 4,500 Nat'l Instit. of Agric. Resrch. 138,455 Nat'l Instit. of Nutrit'n Equip. 435 Nat'l School of Agriculture.... 67,363 Nat'l Univ. of Mexico.......... 31,902 Technol. Instit. of Monterrey.. 119,438 Univ. of the State of Santa Cruz 19,347 Peru - Total: $317,315 Agrarian University............ Agric. Resrch & Extension Serv. Univ. of San Marcos............ 181,996 17,774 26,780 Trinidad - Total: $221,278 Univ. of the West Indies ....... 211,397 Venezuela funds-administered by Creole foundation, AIA, and other Rockefeller philanthropies). Ecuador - Total: $144,281 Central University ................. 2,246 Nat'l Agricultural Research Instit. 89,387 SCHEDULE 8.-ROCKEFELLER-CONTROLLED FOUNDATIONS-VALUE OF ASSETS Value of assets as of the end Value of assets as of last date Value of assets as of earliest of calendar or fiscal year available, using market date available 1960, using market value value of securities wher- Foundation of securities wherever ever available available Amount Date Amount Date Amount Date American International Association for Economic and Social Development, New York ........-..... $20, 000 July 3,1946 China Medical Board of New York ........-..... 21,258,515 Dec. 31,1928 Colonial Williamsburg, Williamsburg, Va ........ 248,766 Dec. 31,1929 Agricultural Development Council, Inc. (formerly Council on Economic and Cultural Affairs), New York -............... 58,160 Oct. 31,1954 Esso Education Founda- tion, New York -.... . 1,452,146 Dec. 31,1955 Government Affairs Foun- dation, Albany, N.Y ..- 131,851 Dec. 31,1953 Rockefeller Brothers Fund, New York ..-........ 164,635 Dec. 31,1941 Rockefeller Foundation, New York -................ 35,965,384 Dec. 31,1913 Rockefeller Institute, New York ............... 8,686,345 June 30,1911 Sealantic Fund, Inc., New York ................ 3, 787 Dec. 31,1939 Sleepy Hollow Restora- tions, Inc., Irvington, N. Y..................... 1,962,977 Nov. 30,1951 Standard O11l (Indiana) Foundation, Inc., Chi- cago, IL - .- . ................. .May 21,1952 Rockwin Fund, Morrilton, Ark ............. J......... . Jan. 26,1956 S748,206 Dec. 31,1960 48,030,088 June 30,1960 111,848,179 Dec. 31,1960 3, 925, 713 ..-.. do ......- 1,943,847 ..-. do........ 11,863 -... do....... 131,221,485 ..... do........ 536,022,187 ....- do.... 198,991,880 June 30,1961 12,427,599 Dec. 31,1960 $413, 865 56, 538, 632 109, 222, 086 6, 338, 187 5, 784, 367 29,820 190, 967, 245 736, 222, 598 249, 182,875 9,368,160 Dec. 31,1966 June 30,1966 Dec. 31,1966 Do. Do. Do. Do. Do. Juno 30,1966 Dec. 31, 1966 14, 865,000 .... do ..... 20, 937, 722 Do. 24,103, 204 ..... do...... 250, 790 .... do....... 44,927,493 Do. 30, 676 Do. Total .............. 69,952,566 ............. 1, 084, 390,041 .............. 1,429, 963, 726 Source: "Tax Exempt Foundations and Charitable Trusts: Their Impact on Our Economy," 6th installment, Subcommittee Chairman's Report to Subcommittee No. 1 (Wright Pat- man, chairman), Select Committee on Small Business, House of Representatives, 90th Congress, March 26, 1968, pp. 32, 34.
