Rockefeller Pledges Net Zero for $6 Billion Endowment (1)

The Rockefeller Foundation, established in 1913 by Standard Oil tycoon John D. Rockefeller, announced Tuesday that it aims to make its $6 billion endowment net zero emissions by 2050. That makes it the largest private foundation in the US with such a target.

Rockefeller follows a number of other US institutions, including Harvard University, which pledged in 2020 to get its $50 billion-plus endowment to net zero on the same timeline.

The foundation committed to divest from fossil fuels three years ago. This next step is pushing for greater decarbonization through both direct investments and influence, according to President Rajiv Shah.

“We hope to bring ...