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Laurance S. Rockefeller

Laurance S. Rockefeller (1910–2004) was an American venture capital pioneer, conservationist, and philanthropist, and the fourth child of John D. Rockefeller Jr.John D. Rockefeller Jr.John D. Rockefeller Jr. (1874–1960) was an American philanthropist and the only son of Standard Oil founder John D. Rockefeller. He devoted most of his life to philanthropy and public affairs, giving away about $537 million in total; he led the restoration of Colonial Williamsburg, built Rockefeller Center in New York and paid for the land for the United Nations headquarters in New York. In 1914 the Ludlow Massacre at the Colorado Fuel and Iron Company, controlled by his family, brought him nationwide criticism.Open the full entry He invested in emerging technology companies in fields such as aviation and electronics, helped establish several U.S. national parks, and for many years led institutions including Memorial Sloan-Kettering Cancer Center; he received the Congressional Gold Medal in 1991.

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Key facts

Early Life: Birth and Education

Laurance Spelman Rockefeller was born in New York City on May 26, 1910, the fourth of the six children of Abby Aldrich Rockefeller and John D. Rockefeller Jr. Fascinated by the natural world from childhood, he traveled to the Grand Canyon, the Teton Range, Yellowstone, and Yosemite. During a 1926 family vacation he visited the area of Wyoming that later became Grand Teton National Park and was deeply drawn to it; his father subsequently bought large tracts of land around Jackson Hole to protect them.⁠[1][2][1]

Marriage to Mary French

On August 15, 1934, Rockefeller married Mary French, a granddaughter of Frederick Billings, at the Congregational Church in Woodstock, Vermont. He described their marriage as a “partnership,” and the two were deeply involved in each other’s business and philanthropic endeavors, especially Sloan-Kettering and the conservation of natural and historic resources.⁠[1][2][2][2]

Joining the Family Office

In 1935, Rockefeller began working at the family office in Rockefeller Center, at first familiarizing himself with the family’s philanthropic activities, conservation projects, and business interests while developing interests of his own; he described himself as a “gadgeteer.” That same year, at age 25, he became a trustee of the New York Zoological Society, remaining a trustee until 1986 and serving as its president from 1969 to 1971 and as chairman from 1971 to 1985.⁠[1][1][2][1]

Financing Eastern Airlines

Rockefeller was known for investing in emerging science and technology companies and is regarded as a pioneer of venture capital. In 1938 he helped World War I aviator Eddie Rickenbacker finance Eastern Airlines, and he later invested in companies including McDonnell Aircraft Corp., Intel, and Apple Computer. His investments spanned aviation, aerospace, electronics, high-temperature physics, composite materials, optics, lasers, data processing, thermionics, instrumentation, and nuclear energy, and he favored ventures that would benefit national security, social welfare, or the economy.⁠[1][1][3][1]

Appointment to the Palisades Interstate Park Commission

In 1939, New York Governor Herbert Lehman appointed Rockefeller to the Palisades Interstate Park Commission, the beginning of his public service. He later chaired the commission from 1970 to 1977 and remained a commissioner until he resigned in December 1978.⁠[1]

First President of Jackson Hole Preserve

In 1940, his father, John D. Rockefeller Jr., established Jackson Hole Preserve to promote conservation and protect the family’s land in the Teton area of Wyoming, and Laurance became its first president.⁠[2]

Service in the Navy’s Bureau of Aeronautics

During World War II, Rockefeller served in the U.S. Navy’s Bureau of Aeronautics from 1942 to 1945, rising to the rank of lieutenant commander.⁠[1]

Beginning His Involvement with Memorial Sloan-Kettering Cancer Center

Rockefeller began his association with Memorial Sloan-Kettering Cancer Center in 1947 and led its development; as its chairman from 1960 to 1982, he oversaw its expansion and modernization.⁠[1][1]

Donating Jackson Hole Land to the Federal Government

In 1949, as president of Jackson Hole Preserve, Rockefeller donated land in the Jackson Hole valley to the federal government on his father’s behalf; the land was incorporated into Grand Teton National Park. After the war, he worked to combine conservation with visitor accommodations so that more Americans could visit the nation’s scenic areas. He bought and developed a resort on St. John in the U.S. Virgin Islands and donated 5,000 acres of land on the island to the National Park Service; that land later became Virgin Islands National Park.⁠[1][2][2]

Inheriting the Billings Mansion in Woodstock

After his wife’s mother, Mary Billings French, died in 1951, the Rockefellers inherited the family mansion in Woodstock, Vermont, renovated it, and modernized the Billings Farm across the street.⁠[2]

Founding the American Conservation Association and Chairing the Outdoor Recreation Resources Review Commission

In 1958, Rockefeller founded the American Conservation Association, Inc., a philanthropic organization providing conservation services, which assisted the work of other private and government agencies and launched projects of its own. That same year, President Dwight Eisenhower appointed him chairman of the Outdoor Recreation Resources Review Commission, which planned open-space and public recreation management programs to meet America’s outdoor recreation needs through the end of the 20th century. From 1958 to 1980, he also served successively as president and chairman of the Rockefeller Brothers Fund.⁠[1][1][2][1]

Presidential Conservation Adviser and Advocate for National Parks

As a “citizen adviser,” Rockefeller counseled five presidents, from Eisenhower to Ford, on conservation, recreation, and environmental issues. During Lyndon Johnson’s administration, he chaired the White House Conference on Natural Beauty and, with Lady Bird Johnson, led efforts through the Committee for a More Beautiful Capital to improve parks, gardens, playgrounds, and commemorative statues in Washington, D.C. As President Johnson’s special envoy, he also helped advance the creation of Redwood National Park in California, and he chaired the Citizens’ Advisory Committee on Environmental Quality under both Johnson and Richard Nixon.⁠[2][2][2][1][1]

From 1960 to 1982, he also served as a trustee of the Alfred P. Sloan Foundation.⁠[1]

Founding Rockresorts

Rockefeller developed environmentally oriented resort hotels in Puerto Rico, the Virgin Islands, Hawaii, and Vermont, building seven resort complexes in all, which from 1966 were managed by Rockresorts Inc., a company he founded and chaired. These resorts were unrelated to national park lands; they were private commercial ventures intended to balance long-term profit with the needs of the local economy.⁠[1][2][2]

Charter Trustee of Princeton

From 1967 to 1980, Rockefeller served as a charter trustee of Princeton University. He funded a number of programs at his alma mater reflecting his social, scientific, and intellectual interests, including establishing the University Center for Human Values and creating the Department of Molecular Biology.⁠[3][3]

Investing Through Venrock and Receiving the Medal of Freedom

Beginning in August 1969, Rockefeller’s venture investments were made through Venrock, a venture capital firm formed by members of the Rockefeller family. That same year, he received the Medal of Freedom and the American Cancer Society’s Alfred P. Sloan, Jr. Memorial Award, and he and his wife bought and rebuilt the Woodstock Inn.⁠[1][1][2]

Opening the Billings Farm & Museum

In June 1983, the Rockefellers formally opened the Billings Farm & Museum to preserve the historic Billings Farm and the traditional character of rural Vermont.⁠[2]

Congressional Gold Medal

In 1991, President George H. W. Bush presented Rockefeller with the Congressional Gold Medal in recognition of his leadership in natural resource conservation and historic preservation.⁠[2]

Donating the Woodstock Estate and Forest

In 1992, the Rockefellers donated their Woodstock home, together with 555 acres of forest on Mount Tom, to the National Park Service. His wife died in 1997; on June 5, 1998, he attended the opening ceremony of Marsh-Billings-Rockefeller National Historical Park. In 1997, he received the Lady Bird Johnson Conservation Lifetime Achievement Award.⁠[2][2][1]

Honorary Citizen of the British Virgin Islands

In 2003, in recognition of his many contributions to the British Virgin Islands, Rockefeller became the first person to be granted honorary citizenship of the territory.⁠[1]

Death in Manhattan

Rockefeller died in Manhattan on July 11, 2004, at the age of 94.⁠[1][3]

Sources

  1. Laurance S. Rockefeller, 1910-2004 (opens in a new window)
  2. Laurance Rockefeller (opens in a new window)
  3. Laurance S. Rockefeller ’32 (opens in a new window)