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HPF - End of a Legacy
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<blockquote data-quote="Bright Raven" data-source="post: 1461080" data-attributes="member: 27490"><p>The Rockefeller family was perhaps the most powerful and influential family in US history. They contributed billions to charities, humanitarian causes across the globe and were known for conservation efforts. The family was the single push to make the Grand Tetons a National Park. Here is an excerpt from Wikipedia about the family wealth which may be separate from that controlled individually by David. When you have this much money, the family needed a trust to manage it.</p><p></p><p><strong>Much of the wealth has been locked up in the notable family trust of 1934 (which holds the bulk of the fortune and matures on the death of the fourth generation), and the trust of 1952, both administered by Chase Bank, the corporate successor to Chase Manhattan Bank. These trusts have consisted of shares in the successor companies to Standard Oil and other diversified investments, as well as the family's considerable real estate holdings. They are administered by a trust committee that oversees the fortune.</strong></p></blockquote><p></p>
[QUOTE="Bright Raven, post: 1461080, member: 27490"] The Rockefeller family was perhaps the most powerful and influential family in US history. They contributed billions to charities, humanitarian causes across the globe and were known for conservation efforts. The family was the single push to make the Grand Tetons a National Park. Here is an excerpt from Wikipedia about the family wealth which may be separate from that controlled individually by David. When you have this much money, the family needed a trust to manage it. [b]Much of the wealth has been locked up in the notable family trust of 1934 (which holds the bulk of the fortune and matures on the death of the fourth generation), and the trust of 1952, both administered by Chase Bank, the corporate successor to Chase Manhattan Bank. These trusts have consisted of shares in the successor companies to Standard Oil and other diversified investments, as well as the family's considerable real estate holdings. They are administered by a trust committee that oversees the fortune.[/b] [/QUOTE]
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