John Pierpont Morgan - Cedar Hill Cemetery Foundation (2024)

FAQs

Did J Pierpont Morgan donate his money? ›

Morgan donated millions to charities and public institutions. He gave art collections to the Metropolitan Museum of Art, American Museum of Natural History, American Academy in Rome, Wadsworth Atheneum, and Yale University.

Jack, J.P. Morgan's son, was chairman of J.P. Morgan & Co. when he died in 1943. Grandson Harry Morgan founded the investment bank Morgan Stanley and Co., which today is Morgan Stanley Dean Witter & Co. However, no descendants have been active in JP Morgan since the mid-1970s.

He made a fortune in railroads. In 1898, Morgan formed the Federal Steel Company. Again he merged with other steel companies, forming the huge United States Steel Corporation. He made another fortune in steel.

On May 31, 1865, Morgan married Frances Louisa "Fanny" Tracy (1842–1924), whom he met at St. George's Church. They had four children: Louisa Pierpont Morgan (1866–1946), who married Herbert L. Satterlee (1863–1947)

He succeeded his father as head of the firm in 1913 upon the latter's death, becoming heir to an estate of more than $50,000,000.

Wall Street banker J. P. Morgan was a devoted Episcopalian. He was an officer of his local church. He served on a national committee charged with revising the Book of Common Prayer (much of which he knew by heart).

The Morgan family fortune was diminished during the Great Depression, and philanthropy further reduced its breadth. As a result, the family's wealth has thinned out among the approximately 200 descendants, Mr. Pennoyer says.

J. P. Morgan House, J. P. Morgan, Jr. House, DeLamar Mansion; looking north on Madison Avenue from 36th Street, 1920's. The DeLamar Mansion (background) is now the Polish Consulate building. J.P. Morgan's house (foreground) was demolished and replaced in 1928 with the Morgan Library Annex.

Cedar Hill Cemetery, Hartford, 41.7217293,-72.7010803.

Who is JP Morgan owned by? ›

Institutional investors own more than 73% of JPMorgan Chase's shares, which total more than 2.9 billion. The largest individual shareholder is CEO Jamie Dimon, but individual insiders own less than 0.5% of the banking stock.

The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.

Jack, J.P. Morgan's son, was chairman of J.P. Morgan & Co. when he died in 1943. Grandson Harry Morgan founded the investment bank Morgan Stanley and Co., which today is Morgan Stanley Dean Witter & Co. However, no descendants have been active in JP Morgan since the mid-1970s.

Hartford

J. P. Morgan / Places lived

Ventfort Hall is an imposing Jacobean Revival-style mansion built in 1893 for Sarah Morgan, the sister of J. P. Morgan.

Donations. The foundation donates about $250 million per year taken largely from revenues produced by the JPMorgan Chase company. It has announced that it will increase giving to $1.75 billion by 2023.

In another instance, the financial panic of 1907, Morgan held a meeting of the country's top financiers at his New York City home and convinced them to bail out various faltering financial institutions in order to stabilize the markets.

Ford and his family spent a good deal of time and money on charitable work. They set up an historical museum in Greenfield Village, Michigan, and most notably set up the Ford Foundation, which provides grants for research, education, and development.

Finance mogul J.P. Morgan, who had bailed the government out of a financial crisis in 1895, organized private sector investments and lines of credit to stabilize the banking system amid its latest panic.