John Rockefeller was a firm believer in philanthropy and major ideals of human kind as a whole, with with his obvious feelings toward education standing as proof. Before his retirement, Rockefeller foudned the University of Chicago in the year 1892 and called it "the best investment [he] ever made". The University has since produced 82 Nobel Prize winners and was the location for the world's first man-made self-sustaining nuclear reaction. In 1902 he founded the General Education Board which served to promote education of all levels nationwide, especially black schools in the South. He also has noted donations to other distinguished colleges including Brown, Yale, Columbia, Vassar, Harvard, Bryn Mawr, and Wellesley.
Boeing Employees Credit Union Research Boeing Employees Credit Union (BECU) is the biggest credit union in the state of Washington, and the fourth biggest in the United States nation. It went from 18 members and $9 in 1935 to 675,000 members and $9.2 billion in 2011. Following the guide of credit union principle, which is “people helping people”, BECU is a member-owned, not-for-profit financial cooperative (BECU, 2011). The company scope is shown in order as following: 1. History 2.
American Industrialist Andrew Carnegie was an extremely well known philanthropist. He made an immense fortune through his work within the steel industry. He believed in the idea of distribution of wealth. He supported his belief by giving away most of the fortune he had made over his years of work. Carnegie returned almost $300 million of his wealth to other people by establishing trust funds and making donations to other charitable organizations he supported.
The American politician became the 43rd president of America. His family had a heritage of success in the public service and business arena. For instance, his great grandfather Samuel P. Bush was a successful businessperson in the steel and railroad industries upon which he built the family empire. Moreover, he served as a significant advisor to President Herbert Hoover and thus his family had connections with political figures in high positions. His grandfather Prescott Bush was a successful businessperson too.
His parents, Luther and Maud Powell, immigrated to the United States from Jamaica. He went to school in New York City, and graduated with a Bachelor of Science degree in geology from the City College of New York in 1958. He later earned a Master of Business Administration degree from The George Washington University. This was only the start of his life since he later has been in many influential governmental positions. He was extremely successful in life since he went from the streets of Harlem to a former significant chairman of the Joint Chiefs of Staff and highly respected military roles.
The Gospel of Wealth was the most influential of his writings, however, in that Carnegie stressed that the wealthy had a moral obligation to give to philanthropic causes and serve as stewards of society. Four years later, in 1901, Carnegie was nearing the end of his business career and allowed J.P. Morgan to buy out his steel empire for an astonishing price of $480 million dollars (Ibid.). Morgan was able to create U.S. Steel, and Carnegie became the richest man in the world. Carnegie did not want to remain a shareholder in the steel company, however, so he put the $300 million in gold bonds that he received from the deal into a specially-built vault in New Jersey. He never wanted to see or touch any of the money (Swetnam and Smith 1993,
Speer’s first introduction to Nazism was in 1930 where he attended a meeting which Hitler spoke at. He admitted that he was swayed by Hitler’s charisma and his speech gave Speer a sense of hope thus, joining the Nazi Party. This led to his first commission of renovating Hanke’s home in Berlin in 1932, leaving the Nazi Leaders impressed. Goebbels offered him his second job to rebuild the Propaganda Ministry with a promise from Speer that it would be completed within seven months. Speer gained a reputation from this commission as not only a creative architect but also an efficient organiser.
Joseph Lee was born into a rich family on March 8, 1862 in Brookline, Massachusetts. His family were leaders in business as his ancestors had been, which led his family to have a great fortune. Growing up, along with his six brothers and sisters, he was able to enjoy the large home that their family was fortunate enough to have. It provided them with enough space outside to play and have a very happy childhood. Lee attended a preparatory high school that led him into Harvard at the young age of 16.
Carnegie is remembered for building 2,509 public libraries and Carnegie Hall in New York. Although he passed away ninety-two years ago, his legacy lives on in these great contributions and more. “Most of his remaining wealth went to the Carnegie Corporation and continued his program of public funding” (p391). Carnegie’s ideas of philanthropy are still being practiced today by a number of billionaires that have joined a campaign and pledged to give fifty percent of their wealth to charity. “The Giving Pledge is a campaign to
And his presidential salary was much higher than later presidents, totaling 2 percent of the U.S. budget for 1789. His 8,000 acres of farmland and Mount Vernon property accounted for some of his wealth. JFK`s family was worth national a billion dollars when adjusted for inflation. While he never inherited his father`s wealth, JFK`s family was one of the wealthiest in America and all of his wealth came from a shared family trust. But there have been presidential hardships, too.