': Charles Koch regrets stoking partisan division, ‘What a Mess!’: Billionaire Charles Koch Regrets His Partisanship, ‘What a mess’: Billionaire Charles Koch says he regrets fueling partisanship, "Koch gives $11.25 million to Wichita State", "Wichita State, community work together to keep Gregg Marshall", "Donor aims to 'lick' illness that he has battled for 15 years", "Charles G. Koch | Charles Koch Institute", "The Aspen 50 – Forbes billionaires in Pitkin County", "Honorary Degree Recipients and Degrees Conferred Honoris Causa", "Do the Koch Brothers Really Care About Criminal-Justice Reform? Leaders Came to View Climate Change as Fake Science", "Leak exposes how Heartland Institute works to undermine climate science", "How Big Money in Politics Blocked U.S. Action on Climate Change", "Climate skeptic group works to reverse renewable energy mandates", "Leak Offers Glimpse of Campaign Against Climate Science", "The Heartland Institute 2012 Fundraising Plan", "Climate Science Denial Network Behind Great Barrington Declaration", "Koch-Funded PR Agency Aided Great Barrington Declaration Sponsor", "Covert Operations: The billionaire brothers who are waging a war against Obama", Institute for Humane Studies at George Mason University, "Winner of the 2011 William E. Simon Prize", "Obama, Koch Brothers in Unlikely Alliance to Overhaul Criminal Justice", "Forfeiture reform aligns likes of billionaire Charles Koch, ACLU", "Charles Koch: This is the one issue where Bernie Sanders is right", 'What a mess! Since the 1980s, IHS has been increasingly interested in aiding the careers of aspiring educators, journa… [18] Among his maternal great-great-grandparents were William Ingraham Kip, an Episcopal bishop, William Burnet Kinney, a politician, and Elizabeth Clementine Stedman, a writer. [25] TIME magazine included Charles and David Koch among the most influential people of 2011. [40], Charles Koch looks favorably upon the Tea Party movement. Learn about our research grants in the criminal justice, free speech, foreign policy, economic freedom, technology, & … DonorsTrust: $200,000(2017-2018) [81] Several months later, when men's basketball head coach Gregg Marshall was considering an offer to become head coach at the University of Alabama, Koch led a group of local business leaders and WSU boosters that raised Marshall's annual salary from $1.85 million to $3 million and kept him at the school. I'm interested in advancing libertarian ideas". The article describes the brothers' commitment to free-market principles, the growth and development of their business, and their support for Tea Party organizations and political candidates. In an April 2011 Wall Street Journal op-ed, Koch wrote: Government spending on business only aggravates the problem. Koch Industries donated $221,000 to Democratic Party causes.[76]. Stand Together is not required to disclose its funders. [57][58][59][60] A leaked 2012 fundraising plan indicated that the Charles G. Koch Charitable Foundation contributed $25,000 in 2011 to the Heartland Institute, an American conservative and libertarian public policy think tank. After reading Harper's book, Koch became involved with Harper's Institute for Humane Studies, of which he became a principal supporter. "[37] In addition, he has warned that drastic government overspending and a decline of the free enterprise system will prove detrimental to long-term social and economic prosperity. [64], The Pacific Legal Foundation, funded by Koch, has litigated against increased environmental regulation. "[36] He has expressed concern for too much government regulation in the U.S., stating that "we could be facing the greatest loss of liberty and prosperity since the 1930s. [4] [5] According to Charles Koch, the institute is the beneficiary of a majority of his personal political donations, or those separate from what originates from Koch Industries . "[45] In the book, Koch attempts to apply Friedrich Hayek's spontaneous order theory and Austrian entrepreneurial theory, such as that of Mises and Israel Kirzner, to organizational management. Koch Industries (pronounced "coke," not "cock! Charles de Ganahl Koch (/ k oʊ k /; born November 1, 1935) is an American businessman, political donor and philanthropist.As of June 2018, he was ranked as the 12th-richest person in the world, with an estimated net worth of $50.7 billion. 1935) and David Koch (b. We ar… Under date of December 10, 1975 a change of registered agent was filed. "[47] Koch has given money to support public policy research focused on "developing voluntary, market-based solutions to social problems. After reading Harper's book, Koch became involved with Harper's Institute for Humane Studies, of which he became a principal supporter. Here are some of the known funders: 1. "[42], In an April 2014 Wall Street Journal op-ed, Koch wrote, "the fundamental concepts of dignity, respect, equality before the law and personal freedom are under attack by the nation's own government." Koch Industries is the second-largest privately held company by revenue in the United States according to a 2010 Forbes survey. He cited the "current health care debacle" as an example of disastrous government control. David Hamilton Koch (/ ˈ k oʊ k /; May 3, 1940 – August 23, 2019) was an American businessman, philanthropist, political activist, and chemical engineer. Koch founded or helped found several organizations, including the Cato Institute, the Institute for Humane Studies and the Mercatus Center at George Mason University, the Bill of Rights Institute, and the Market-Based Management Institute. in General Engineering in 1957, a Master of Science (M.S.) He joined the family business Koch Industries.He became president of the subsidiary Koch Engineering in 1979. That’s why IHS has built the foremost network of scholars across the country who are researching and teaching classical liberal ideas. Hi, My name is David Hamilton Koch, a philanthropist and the founder of Koch Industries, one of the largest private foundations in the world. It is composed of members, called partners, who contribute at least $100,000 annually. Charles G. Koch Charitable foundation: Founded in 1980, this charitable foundation’s main focus is to work towards the well-being and social progress of all mankind by advancing the continued development of economic freedom. ( Grant-making organization ) Formation. The senior Koch's views are thought to have infl… [3], He then became Director of the Mercatus Center at George Mason University from July 2005 to June 2014. Koch also supports a number of libertarian educational organizations, including the Institute for Humane Studies, the Ayn Rand Institute,[14] and the Mercatus Center at George Mason University. They developed principles that enabled me to gain an understanding of how the world works, and these ideas were a catalyst in the development of Market-Based Management." He also created his own Charles Koch Foundation to funnel money to the Libertarian Society. [73][74] Aligning with groups such as the ACLU, the Center for American Progress, Families Against Mandatory Minimums, the Coalition for Public Safety, and the MacArthur Foundation, Koch believes the current system has unfairly targeted low-income and minority communities all while wasting substantial government resources. After college, Koch started work at Arthur D. Little, Inc.[22], In 1961 he moved back to Wichita to join his father's business, Rock Island Oil & Refining Company (now known as Koch Industries). In an interview with the American Journal of Business, Koch said he owes "a huge debt of gratitude to the giants who created the Austrian School [of economics]. He has been on the board of IHS since 1966. [73], In February 2016, Koch penned an opinion piece in The Washington Post, where he said he agreed with presidential candidate Bernie Sanders about the unfairness of corporate welfare and mass incarceration in the United States. Among other projects, the IHS runs the Charles G. Koch Summer Fellow Program, which "has supported more than 900 students during eight-week internships at public policy organizations, both in D.C. and around the country. He became President of the Charles Koch Foundation in Arlington, Virginia, in July 2014; a month later he also became associated with the Charles Koch Institute. [72][73] For roughly a decade Koch has been advocating for several reforms within the prison system, including the reduction of recidivist criminals, easing the employment process for rehabilitated persons, and the defense of private property from asset forfeiture. The raise was seen as an unprecedented move for a school outside the Power Five conferences, and likely to make Marshall among the 10 highest-paid college basketball coaches. During the Covid-19 pandemic of 2020, Hooks announced that Stand Together would create an online effort to provide cash assistance through donations to families hit the hardest and the promotion of cooperation in communities.[4]. [24] In the same year, he renamed the firm Koch Industries in honor of his father. The Charles Koch Institute is an "associate" member of the State Policy Network. [65][66] The declaration's sponsor employed Emergent Order, a public relations firm which itself receives funding from Koch's Foundation, registered as $1.4 million between 2014 and 2019. Brian Hooks is an American non-profit leader who currently serves as CEO and Chairman of Stand Together. Charles and David each owned 42% of the conglomerate. He attended the University of Michigan from 1996 to 2000, graduating with a B.A. He has underwritten scholarships and financed the research of economists such as James Buchanan and Friedrich Hayek. Fink was a member of the boards of directors and President of the Charles G. Koch Charitable Foundation and the Claude R. Lambe Charitable Foundation. "[71], In July 2015 Charles Koch and his brother were praised by President Obama and Anthony Van Jones for their bipartisan efforts to reform the criminal justice system. "[49] Koch was awarded an Honorary Doctorate from George Mason University in recognition of his financial support "through scholarships, faculty recruitment, and research grants". The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. Charles Koch, over the years, has been active in making contributions to various causes. [65][66] Koch has also given money to the American Institute for Economic Research, a right-wing libertarian think tank which also lobbies against climate science. [57], Koch has also given money to the American Institute for Economic Research, the right-wing libertarian think tank which sponsored the Great Barrington Declaration. He helped found the Cato Institute in 1974, by which time he was already giving money to the Libertarian Party. We believe for those ideas to take root, they must be taught, explored, and challenged in higher education. [69] Koch also organizes twice yearly meetings[24] of Republican donors. [30][31], Koch has been a director of INTRUST Financial Corp. since 1982[32] and director of Koch Industries Inc. since 1982. in Nuclear Engineering in 1958, and a second M.S. • David Koch. He criticized the Obama Administration, saying that its "central belief and fatal conceit" is that people are not capable of running their own lives. Rather, he favors bottom-up technological innovation from private entities, saying they can lower emissions while improving efficiency and lowering costs. Fred Koch was also a founder and executive committee member of the far-right John Birch Society, known for opposing the Civil Rights Act, the Voting Rights Act and communism. The Charles Koch Foundation supports individuals developing creative solutions that help people transform their lives, achieve their potential & make the world a better place. He co-founded the Washington, D.C.-based Cato Institute. Please help to establish notability by citing. Previously, in October 2012, he was ranked the 6th richest person in the world with an estimated net worth of $34 billion—according to the Bloomberg Billionaires Index[9]—and was ranked 18th on Forbes World's Billionaires list of 2011 (and 4th on the Forbes 400), with an estimated net worth of $25 billion, deriving from his 42% stake in Koch Industries. Koch has been co-owner, chairman and chief executive officer of Koch Industries since 1967, while his brother David Koch serves as executive vice president. He became a co-owner of Koch Industries, with older brother Charles, in 1983.He was an executive vice president. Charles Koch Calls for the Development of a “Well Financed Cadre” Charles Koch began funding the Institute for Humane Studies in the 1960s. [67][83][84] Charles and his three brothers have all suffered from prostate cancer. According to the website of the Market-Based Management Institute, which Koch founded in 2005, MBM is "based on rules of just conduct, economic thinking, and sound mental models", harnessing the dispersed knowledge of employees just as markets harness knowledge in society. Hooks has been chief operating officer and executive director of the Mercatus Center at George Mason University since 2006 where he led strategy and oversaw all … [24], Koch disdains "big government" and the "political class. "[24] Koch claimed "prosperity is under attack" by the Obama administration and sought to warn "of policies that threaten to erode our economic freedom and transfer vast sums of money to the state."[40]. Stand Together, formerly called The Seminar Network, was founded in 2016 by Charles Koch. Since 2011, the Charles Koch Foundation has provided grants to enable thousands of individuals to gain valuable hands-on experience at 501 (c) (3) organizations, complementing the Charles Koch Institute’s classroom … [23] In 1967, he became president of the business, which was then a medium-sized oil firm. [5] Koch has been co-owner, chairman, and chief executive officer of Koch Industries since 1967, while his late brother David Koch served as executive vice president. [82], Through the Koch Cultural Trust, founded by Charles Koch's wife, Elizabeth, the Koch family has provided financial support to promising artists in a variety of fields. The Charles Koch Foundation was established in 1980 by Charles G. Koch in order to advance social progress and well-being through the study and advancement of economic freedom. More than $1.7 million in grants have been awarded to programs and individuals with Kansas roots. Since its founding, the program has supported nearly 3,000 scholars. American Legislative Exchange Council, Atlas Network, Brookings Institution, Center for International Policy, Freedom Foundation, Hudson Institute, International Crisis Group, Legatum Institute, Rand Corporation, Rutherford Institute, Aspen Institute, Center for National Interest, … Through the Foundation’s history, it has supported the study of economic freedom through grant giving and support for professional education programs. The businesses produce a wide variety of well-known brands, such as Stainmaster carpet, the Lycra brand of spandex fiber, Quilted Northern tissue, and Dixie Cup. [52], Koch's philanthropic activities have focused on research, policy, and educational projects intended to advance free-market views. [40] Two works that have been especially influential upon Koch's philosophy are Ludwig Von Mises' Human Action and F. A. Harper's Why Wages Rise. [61][62][63] Koch has also supported the Berkeley Earth Surface Temperature project, a scientific effort to compile an open database of the Earth's surface temperature records. Koch said, "My father wanted me to work as if I was the poorest person in the world. He also serves as President of the Charles Koch Foundation, President of the Charles Koch Institute, and was previously Executive Director and Chief Operating Officer of the Mercatus Center at George Mason University.[1][2]. [65][66] Together with ExxonMobil's, Koch's wealth was also supplied to the Independent Institute, another think-tank known for lobby in favor of climate change denial. Founder. [23] Koch said "the short-term infatuation with quarterly earnings on Wall Street restricts the earnings potential of Fortune 500 publicly traded firms. Koch Family Foundations. • Charles Koch. In December 2014, Koch Industries and the Koch family foundation donated $11.25 million to the university, the largest one-time gift in school history, with $4.5 million of that going toward a plan to renovate the arena and expand the athletic program's academic support center. [55], Koch acknowledges anthropogenic climate change, but opposes top-down government regulation as a solution. [41], His opposition to corporate welfare includes lobbying for the end to ethanol subsidies even though Koch Industries is a major ethanol producer. [50], In June 2019, the Charles Koch Foundation announced the foundation of anti-war think tank Quincy Institute for Responsible Statecraft, cosponsored by George Soros' Open Society Foundation. [77][78][79] His forthcoming book is entitled, Believe in People: Bottom-Up Solutions for a Top-Down World. [21] He received a Bachelor of Science (B.S.) [28] As of 2014[update], Koch was worth approximately $41.3[29] billion (in 2013 $36 billion) according to the Forbes 400 list. What all the Koch-funded programs have in common is an interest in studying free societies with an eye to understanding how economic freedom benefits humanity. [65][66] The Republican Trump administration adopted environmental policies similar to those advocated for by Koch-funded groups. "It is organized in and interpreted through five dimensions: vision, virtue and talents, decision rights, incentives, and knowledge processes. [16] Koch would routinely work 12-hour days at the office (and then spent more time working at home), weekends, and expected executives at Koch Industries to work weekends as well. In 2002, Koch Industries donated $6 million to renovate the Wichita State University basketball arena. https://www.thefamouspeople.com/profiles/charles-koch-6417.php The Institute was created from the Charles G. Koch Charitable Foundationin September 2011 as 501(c)(3) educational organization. [16][17] Koch's grandfather, Harry Koch, was a Dutch immigrant who settled in West Texas, founded the Quanah Tribune-Chief newspaper, and was a founding shareholder of Quanah, Acme and Pacific Railway. Learn More Hooks lives in Virginia, with his wife and daughter. [10] Koch has published three books detailing his business philosophy, The Science of Success,[11] Market Based Management,[12] and Good Profit.[13]. The Charles Koch Institute was established in 2011 and is housed in a building which it shares with the Charles Koch Foundation. [85] Koch "rarely grants media interviews and prefers to keep a low profile". But reports by other organizations, along with some cryptic disclosures by George Washington University and the RSC, show that its major donors include the charitable foundation operated by Charles Koch, who is the billionaire co-owner of petrochemical giant Koch Industries Inc. and financier of a sprawling political empire. He also contributes to the Republican Party and candidates, libertarian groups, and various charitable and cultural institutions. He is director of resin and fiber company Invista and director of Georgia-Pacific LLC, paper and pulp products. Joanie Greve; Mariana Alfaro; The Daily 202: The Koch network is reorganizing under a new name and with new priorities; Washington Post; Why we no longer count on politics to solve America's problems; Washington Post; Berg, Rebecca; Top Koch network official: 'The divisiveness of this White House is causing long-term damage'; CNN; An American approach to the coronavirus crisis: Find innovative ways to contribute; USA Today; Learn how and when to remove this template message, https://en.wikipedia.org/w/index.php?title=Brian_Hooks_(philanthropist)&oldid=990570856, Articles with topics of unclear notability from August 2020, All articles with topics of unclear notability, Biography articles with topics of unclear notability, Creative Commons Attribution-ShareAlike License, This page was last edited on 25 November 2020, at 07:14. The gift was given in honor of Koch, and the arena was subsequently renamed the Charles Koch Arena. [38] He's funded groups opposed to Barack Obama's administration. Too many businesses have successfully lobbied for special favors and treatment by seeking mandates for their products, subsidies (in the form of cash payments from the government), and regulations and tariffs to keep more efficient competitors at bay. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want. [15], Koch has been married to his wife Liz since 1972[2] and has two children, Chase Koch and Elizabeth Koch. As of March 2019, he was ranked as the 11th-richest person in the world, with an estimated net worth of $50.5 billion. Between 2004 and 2008, Koch gave over $246 million to the Cato Institute, which he founded, and other Libertarian and conservative institutions, who engage in public policy and "Or "Coach". in Chemical Engineering in 1960. [65][66] His Charles Koch Foundation gave $68,100 in 2018. The Trumps and Mercers are strictly amateur hour compared to what the … Koch has received various awards and honors, including: Wealthiest people in the United States by state, The Koch Brothers December 24, 2012 p. 96 Forbes, Federation for American Immigration Reform, Foundation for Individual Rights in Education, National Federation of Independent Business, Individualist anarchism in the United States, International Alliance of Libertarian Parties, For a New Liberty: The Libertarian Manifesto, Political activities of the Koch brothers, Quincy Institute for Responsible Statecraft, William E. Simon Prize for Philanthropic Leadership, National Foundation for Teaching Entrepreneurship, National Conference of Christians and Jews, Association of Private Enterprise Education, National Association of Criminal Defense Lawyers, "Charles G. Koch | Charles Koch Foundation", The Top 10, America's Largest Private Companies, "Ayn Rand Institute - Ties to the Koch Brothers", "The Weekend Interview with Charles Koch: Private Enterprise", "Charles Koch: His philosophy and his company", "Brother Versus Brother; Koch Family's Long Legal Feud Is Headed for a Jury", "The Curse on the Koch Brothers One of the Biggest Family Feuds in Business History May Soon Come to a Climax, You Thought $1 Billion Could Buy Happiness?
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