R ock Rockefeller efeller B Brothers Fund Philanthropy for an Interdependent World r o thers F und Philanthropy for an Interdependent World 2 003 Annual R ROCKEFELLER BROTHERS FUND, INC. 437 Madison Avenue, 37th Floor eport New York, New York 10022-7001 www.rbf.org 2003 Annual Report ROCKEFELLER BROTHERS FUND, INC. 437 Madison Avenue, 37th Floor New York, New York 10022-7001 Telephone: 212.812.4200 Fax: 212.812.4299 www.rbf.org POCANTICO CONFERENCE CENTER OF THE ROCKEFELLER BROTHERS FUND 200 Lake Road Pocantico Hills, New York 10591-1599 Telephone: 914.524.6500 Fax: 914.524.6550 PHOTO CREDITS Cover, Page 1, Page 50: © Thomas Dworzak/Magnum Photos Pages 3 and 10: Jerry L. Thompson Page 19: Ezra Stoller, © ESTO Page 26: AP/Wide World Photos Page 32: Glen Allison, Getty Images Page 38: © Index Stock Imagery Page 42: © BananaStock Ltd. Page 45: Michael Dames Page 46: Bettman/Corbis Page 62: Mary Louise Pierson Copyright © 2004, Rockefeller Brothers Fund, Inc. Page 67: Norman McGrath Printed on recycled paper that contains 30% postconsumer fiber Page 76: Robert Lisak Rockefeller Brothers Fund 2 Board of Trustees 4 Finance Committee and Officers 6 In Memoriam: Laurance S. Rockefeller 8 Message from the Chair 12 Message from the President 19 About the Rockefeller Brothers Fund Annual Report 21 RBF Program Statement 2003 2003 PROGRAM ACTIVITY 22 RBF Program Architecture – 2003 23 Overview of RBF Programs 27 Democratic Practice 33 Sustainable Development 39 Peace and Security 43 Charles E. Culpeper Human Advancement 45 Asian Cultural Council 46 Ramon Magsaysay Award Foundation 47 Fellowships for Students of Color Entering the Teaching Profession 51 Pivotal Places 51 Serbia and Montenegro 53 New York City 57 Staff Grantmaking Fund 58 South Africa 63 Pocantico Programs 73 The Grantmaking Process MANAGEMENT AND OPERATIONS 76 Executive Vice President’s Report 79 Financial Report 96 RBF Staff 1 annual report 2003 Board of Trustees David J. Callard James E. Moltz Edmond D. Villani President Vice Chairman Vice Chairman Wand Partners, Inc. International Strategy and Deutsche Asset Management 630 Fifth Avenue, Suite 2435 Investment, Inc. 345 Park Avenue, 25th Floor New York, NY 10111 535 Madison Avenue New York, NY 10154 New York, NY 10022 Richard Chasin Frank G. Wisner 30 Rockefeller Plaza, Room 5600 John Morning Vice Chairman – External Affairs New York, NY 10112 333 East 45th Street American International Group New York, NY 10017 70 Pine Street, 18th Floor Peggy Dulany New York, NY 10270 Rockefeller & Co., Inc. Robert B. Oxnam 30 Rockefeller Plaza, Room 5600 President Emeritus Tadataka Yamada, M.D. New York, NY 10112 The Asia Society Chairman 725 Park Avenue Research and Development Jessica P. Einhorn New York, NY 10021 GlaxoSmithKline Dean Post Office Box 1539 1 School of Advanced Joseph A. Pierson King of Prussia, PA 19406 International Studies President The Johns Hopkins University Cypress Films, Inc. 1740 Massachusetts Avenue, NW 630 Ninth Avenue, Suite 415 Washington, DC 20036-1984 New York, NY 10036 1 Until June 5, 2003 2 As of June 5, 2003 Neva R. Goodwin David Rockefeller, Jr. Co-Director Vice Chair Global Development and National Parks Foundation Environment Institute 30 Rockefeller Plaza, Room 5600 Tufts University New York, NY 10112 Medford, MA 02155 Richard G. Rockefeller Stephen B. Heintz 30 Rockefeller Plaza, Room 5600 President New York, NY 10112 Rockefeller Brothers Fund 437 Madison Avenue, 37th Floor Steven C. Rockefeller New York, NY 10022-7001 Chair, Rockefeller Brothers Fund 30 Rockefeller Plaza, Room 5600 New York, NY 10112 Valerie Rockefeller Wayne2 51 West 81st Street New York, NY 10024 2 rockefeller brothers fund RBF Trustees, June 2003 Advisory Trustees Jonathan F. Fanton Mrs. George D. O’Neill David Rockefeller President Rockefeller Financial Services 30 Rockefeller Plaza, Room 5600 The John D. and Catherine T. 30 Rockefeller Plaza, Room 5600 New York, NY 10112 MacArthur Foundation New York, NY 10112 1 140 South Dearborn Street Laurance S. Rockefeller Chicago, IL 60603-5285 Richard D. Parsons 30 Rockefeller Plaza, Room 5600 Chairman & Chief Executive Officer New York, NY 10112 William H. Luers Time Warner, Inc. President One Time Warner Center United Nations Association of the New York, NY 10019 1 Deceased, July 11, 2004 United States of America 801 Second Avenue New York, NY 10017-4706 3 annual report 2003 Finance Committee and Officers Finance Committee Members Officers * Afsaneh M. Beschloss Timothy O’Neill Steven C. Rockefeller President and Chief Executive Managing Director Chair Officer Goldman Sachs & Co. Rock Creek Group 85 Broad Street, 4th Floor Neva R. Goodwin 1133 Connecticut Avenue, N.W. New York, NY 10004 Vice Chair Washington, DC 20036 * Frank E. Richardson Stephen B. Heintz Gilbert Butler Chairman President President F. E. Richardson & Co., Inc. Butler Capital Corporation 245 Park Avenue, 41st Floor William F. McCalpin 745 Fifth Avenue, Suite 1702 New York, NY 10167 Executive Vice President and New York, NY 10151 Chief Operating Officer Steven C. Rockefeller David J. Callard ex-officio President Chair, Rockefeller Brothers Fund Benjamin R. Shute, Jr. Wand Partners, Inc. 30 Rockefeller Plaza, Room 5600 Secretary 630 Fifth Avenue, Suite 2435 New York, NY 10112 New York, NY 10111 Nancy L. Muirhead Robert B. Taylor Assistant Secretary Stephen B. Heintz Senior Vice President for ex-officio Finance and Administration Boris A. Wessely President Colonial Williamsburg Foundation Treasurer Rockefeller Brothers Fund Post Office Box 1776 437 Madison Avenue, 37th Floor Williamsburg, VA 23187-1776 Geraldine F. Watson New York, NY 10022-7001 Comptroller Edmond D. Villani, chair James E. Moltz Vice Chairman Leah A. D’Angelo Vice Chairman Deutsche Asset Management Assistant Comptroller International Strategy and 345 Park Avenue, 25th Floor Investment, Inc New York, NY 10154 535 Madison Avenue *As of March 11, 2004 New York, NY 10022 4 rockefeller brothers fund In Memoriam: Laurance S. Rockefeller 1910 – 2004 Laurance S. Rockefeller, one of the five founding trustees of the Rockefeller Brothers Fund, died on July 11, 2004. He served as a trustee of the Fund for forty-two years, from 1940 until 1982, and as its president and later chairman for twenty-two years, longer than any other leader in the Fund’s history. Laurance Rockefeller had a profound influence on the with commerce, and he advocated for partnerships development of the RBF. The scope, style, and between government agencies such as the national substance of the Fund’s philanthropy today continue parks and private sector organizations, both business in directions that were established under his and nonprofit. Although he did not use the term leadership of the board. It was during his term of “sustainable development,” the title of one of the office, against a background of general purpose grants Fund’s four current programs, he was among the first to a wide range of civic and cultural institutions, that a leaders of the environmental movement to recognize series of what were known as “special program” the need to find productive and satisfying ways of grants for experimental or new undertakings evolved living without exhausting nonrenewable resources. into three distinct, focused programs, the precursors When the chairmanship of the Fund passed to his to today’s Program Architecture. By 1980, when his brother David Rockefeller, former RBF president brother David succeeded him as Chairman, the Fund William Dietel wrote of Laurance: “In the truths of had grown to become a major American foundation ecology he found an imperative, an ethic, that with New York City, National, and International requires us to treat the land, water, and air as links in programs. Also under his leadership the RBF board a vital chain upon which life depends. He believes that expanded to include a number of the sons and an understanding of this balance of nature can help daughters of its founders as well as a larger number of move us … to a larger appreciation of the wholeness trustees who were not members of the Rockefeller of life. Under such an environmental ethic, we would family. employ our physical as well as mental and spiritual capacities to the fullest in the quest for a greater sense Intellectually curious and adventuresome, he brought of harmony and purpose.” the same qualities that distinguished his personal philanthropy and his business ventures, to his It is this ethic that continues to inspire and inform leadership of the Fund. That environmental concerns the Fund’s ongoing efforts to support environmental have been a strong and consistent theme in the stewardship that is ecologically based, economically Fund’s grantmaking for more than half a century is sound, socially just, culturally appropriate, and due, in large measure, to his life-long commitment to consistent with intergenerational equity. In his wilderness, recreation, and environmental leadership of the Fund, as in all of his endeavors, conservation. In 1967, Lady Bird Johnson labeled him Laurance Rockefeller combined a venturesome, “America’s leading conservationist.” He was inquisitive mind and spirit with deep personal farsighted in his view of public needs and creative in commitment. The example he set endures in the work devising ways to meet them. Through the creation of of the trustees and staff of the Rockefeller Brothers RockResorts, for example, he demonstrated the Fund. I untapped possibilities of combining conservation 6 rockefeller brothers fund 7 annual report 2003 Message from the Chair Reflections on 2003 On July 11, 2004 Laurance S. Rockefeller died at the age of 94. In the course of his long life, he became an innovative leader in the fields of business, venture capital, environmental conservation, health care, and philanthropy. Laurance was a founder of the RBF, a trustee for 42 years, and the Fund’s president and later chairman for 22 years from 1958 to 1980.