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Rockefeller (WILLIAM an American capitalist)

WILLIAM, an American capitalist, brother of John D.

Rockefeller, born at Richford, N. Y., in 1841. He joined his brother in the oil refining business in Cleveland and from 1865 to 1911 was in charge of the New York business of the Standard Oil Company of New Jersey, and was at the same time president of the Standard Oil Company of New York. He was a director of many important banks, railroads, mining corporations, etc. a ROCKEFELLER FOUNDATION, trust, incorporated by the Act of the New York Legislature of May 14, 1913, "to promote the well-being of mankind throughout the world." The Foundation has devoted its resources primarily to the provement of public health and medical education throughout the world.

This purpose is accomplished accomplished by three subsidiary departments, the International Health Board, the China Medical Board, and the Division of Medical Education. The Foundation also uses other organizations already existing and not affiliated with the Foundation, to which appropriations are made by the Foundation. The management of the Foundation, under the terms of the charter, is in the hands of a self-perpetuating body of trustees. The executive officers of the Foundation in 1920 were George E. Vincent, president, and Edwin R. Embree, secretary. John D. Rockefeller, Jr., was chairman of the Board of Trustees.

At the end of 1919 the total resources in securities were reported as $170,000,- 000, both the income and principal of which are available for appropriations.

In June, 1920, the trustees of the Foundation, in conjunction with the General Education Board (q. v.), announced their appropriation of over $20,000,000 for the development of medical schools and for the purpose of general education. Among the most important work undertaken by the Foundation was a world-wide campaign against the hookworm disease; the work of the China Medical Board for the promotion of public health and medical education in China; the creation of an Industrial Relations Investigation Division; and extensive appropriations for war relief work in co-operation with the Commission for Relief in Belgium, and with the Red Cross Society. Appropriations have also been made from time to the American Academy at Rome, to various philanthropic societies in New ROCKEFELLER INSTITUTE York City and New York State, to the National Organization for Public Health Nursing, to the National Committee for Mental Hygiene, and to many other in- JOHN D. ROCKEFELLER, JR. stitutions and societies. In 1920 the Rockefeller Foundation gave $6,000,000 to the London (England) University College and Medical School, for teaching and research.

ROCKEFELLER INSTITUTE FOR MEDICAL RESEARCH, an institution founded by John D. Rockefeller in 1901 and incorporated under the laws of the State of New York for the purpose of encouraging "medical research with special reference to prevention and treatment of disease." The original charter was amended in 1908, and the scope of the work was enlarged. The headquarters of the Institute are located at Sixtysixth street and the East river, New York City. The three principal departments are laboratories for pathology, bacteriology, chemistry, pharmacology, physiology, experimental surgery, and experimental biology; a hospital for the study of special problems; and a special ROCKET home for the care of animals, with a farm and laboratory near Princeton, N. J. The Institute publishes "The Journal of Experimental Medicine," "The Journal of General Physiology," "The Journal of Biological Chemistry," "Studies from the Rockefeller Institute of Medical Research," and a series of monographs. The total endowment at the end of 1919 was $27,000,000. During the World War the entire staff and equipment were devoted to war service, especially for the treatment of wounds and diseases most frequent among soldiers. With the end of the war, the Institute returned to its original field of research. The scientific staff includes members of the Institute, associate members, associates, assistants, fellows, and research scholars. Dr. Simon Flexner was director of the Institute and of its laboratories. remity