charles koch foundation wiki

[75], In 2020, Koch's Koch Industries donated $2.8 million to Republican Party causes through a political action committee. He has been on the board of IHS since 1966. [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. According to the magazine, the list includes "activists, reformers and researchers, heads of state and captains of industry." Charles Koch Foundation. 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. [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. [26] Despite the settlement, legal disputes continued until May 2001, when CBS News reported that Koch Industries settled for $25 million. That’s why IHS has built the foremost network of scholars across the country who are researching and teaching classical liberal ideas. [65][66] The Republican Trump administration adopted environmental policies similar to those advocated for by Koch-funded groups. He helped found the Cato Institute in 1974, by which time he was already giving money to the Libertarian Party. "[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. 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. • David Koch. The Charles Koch Foundation, founded in 1980, continues this work by funding research and education that helps people expand their horizons, develop their skills, and help others. 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] 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]. Charles Koch Calls for the Development of a “Well Financed Cadre” Charles Koch began funding the Institute for Humane Studies in the 1960s. He attended the University of Michigan from 1996 to 2000, graduating with a B.A. [27], In 2006, Koch Industries generated $90 billion in revenue, a growth of 2000 times over, which represents an annual compounded return of 18%. He complained that he had been the victim of "character assassination. He is quoted as saying: "The first thing we've got to get rid of is business welfare and entitlements. [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. "This is the essence of big government and collectivism," he wrote. [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. He criticized the Obama Administration, saying that its "central belief and fatal conceit" is that people are not capable of running their own lives. Fred Koch founded Wood River Oil and Refining Co. in 1940; it had been renamed Rock Island Oil & Refining Co. by 1961 and was renamed Koch Industries by Charles Koch in 1967. Stand Together, formerly called The Seminar Network, was founded in 2016 by Charles Koch. [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. [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. 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 is director of resin and fiber company Invista and director of Georgia-Pacific LLC, paper and pulp products. It sponsors the Koch Associate Program, Koch Internship Program, Koch Summer Fellow Program, and Liberty@Work. 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. [33], Charles Koch describes himself as a classical liberal and has formerly identified as a libertarian. is a Kansas-based privately held corporation led by brothers Charles Koch (1935–) and David Koch (1940–2019), heirs to the Fred Koch oil fortune. [6] Koch lives in Wichita, Kansas[86] and has homes in Indian Wells, California[87] and Aspen, Colorado.[88]. 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! [16] His focus was on ways to refine oil. "[24] He also considers public firms to be "feeding grounds for lawyers and lawsuits," with regulations like Sarbanes–Oxley only increasing the earnings potential of privately held companies. [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. Harper. 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 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. He is a member of the Mont Pelerin Society. In June 1983, after a legal and boardroom battle, the stakes of Frederick and Bill were bought out for $1.1 billion and Charles and his younger brother David became majority owners in the company. 1940) are two of the four children of Fred Koch and Mary Koch. He joined the family business Koch Industries.He became president of the subsidiary Koch Engineering in 1979. In 2002, Koch Industries donated $6 million to renovate the Wichita State University basketball arena. He has also "supported efforts to inspire at-risk young people to consider entrepreneurship, to teach American students the principles of limited government, and to connect recent graduates with market-oriented organizations, in an effort to launch their careers in public policy. "[49] Koch was awarded an Honorary Doctorate from George Mason University in recognition of his financial support "through scholarships, faculty recruitment, and research grants". [23] In 1967, he became president of the business, which was then a medium-sized oil firm. 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. [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. On November 13, 2020 reports in several media published statements made during an interview with the Wall Street Journal by Koch about his regret that he had contributed significantly to the development of hyper-partisanship in the United States and that he will be working with Democrats, moderate Republicans, and liberals to aide bipartisanship. [67] In addition to funding think tanks, Charles and David also support libertarian academics[68] and Koch funds the Charles G. Koch Summer Fellow Program through the Institute for Humane Studies which recruits and mentors young libertarians. "It is organized in and interpreted through five dimensions: vision, virtue and talents, decision rights, incentives, and knowledge processes. Koch Industries donated $221,000 to Democratic Party causes.[76]. in Political Science. Learn about our research grants in the criminal justice, free speech, foreign policy, economic freedom, technology, & … Its major foundation funders, however, can be found through a search of the IRS filings. [24] The presidents he most admires include George Washington, Grover Cleveland, and Calvin Coolidge. We believe for those ideas to take root, they must be taught, explored, and challenged in higher education. Koch Family Foundations. Hear Dr. Michael Lomax, president of UNCF, speak about how our partnership opens the door for young entrepreneurs. 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. Learn More [67], In 2011, Koch was awarded the William E. Simon Prize for Philanthropic Leadership. in Chemical Engineering in 1960. [56] He has heavily funded organizations and politicians who oppose environmental regulations. 1935) and David Koch (b. [7] In February 2014, Koch was ranked 9th richest person in the world by Hurun Report[8] with an estimated net worth of $36 billion. 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. 2) Koch Industries was founded by their father where Charles … "[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. He is a member of the Beta Theta Pi fraternity. • Charles Koch. 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. "[43][44], Koch's business philosophy, "market-based management" (MBM), is described in his 2007 book The Science of Success. Brian Hooks is an American non-profit leader who currently serves as CEO and Chairman of Stand Together. In 2014, with a $25 million grant from Koch Industries and the Charles Koch Foundation, the UNCF/Koch Scholars Program was established. 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. Brian Hooks is an American non-profit leader who currently serves as CEO and Chairman of Stand Together. [10] Koch has published three books detailing his business philosophy, The Science of Success,[11] Market Based Management,[12] and Good Profit.[13]. The senior Koch's views are thought to have infl… "[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. [25] TIME magazine included Charles and David Koch among the most influential people of 2011. Not For These Guys", "Charles Koch opens up about his 'classical liberal' views", "Secretive Republican Donors Are Planning Ahead", "Inside The Koch Empire: How The Brothers Plan To Reshape America", "Charles Koch: I'm Fighting to Restore a Free Society", "Charles Koch calls critics 'collectivists, "In Right's Energy-Subsidy Clash, Shades of Koch vs. Pickens", Charles Koch receives honorary degree from George Mason University, "In an astonishing turn, George Soros and Charles Koch team up to end US 'forever war' policy", "Charles Koch and Brian Hooks: Believe in People", "How G.O.P. Founder. [48], In 2008, Koch was included in Businessweek's list of top 50 American givers. Koch was born and lives in Wichita, Kansas, one of four sons of Clementine Mary (née Robinson) and Fred Chase Koch. 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. Hooks lives in Virginia, with his wife and daughter. Please help to establish notability by citing. Hi, My name is David Hamilton Koch, a philanthropist and the founder of Koch Industries, one of the largest private foundations in the world. The Institute was created from the Charles G. Koch Charitable Foundationin September 2011 as 501(c)(3) educational organization. The Trumps and Mercers are strictly amateur hour compared to what the … [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. [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. Pronunciation of Charles koch with 3 audio pronunciations, 8 translations, 3 sentences and more for Charles koch. In an interview with Warren Cassell Jr., which was recorded in February 2016, Koch stated that as a child he did not live a privileged lifestyle despite growing up in a wealthy family. 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. Charles Koch Foundation director of Investments Charlie Ruger explained to an audience at a conference in 2016 how the Koch network has “a constellation of … [34] He is opposed to corporate welfare[35] and told the National Journal that his "overall concept is to minimize the role of government and to maximize the role of private economy and to maximize personal freedoms. [24] In the same year, he renamed the firm Koch Industries in honor of his father. "[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. Koch said, "My father wanted me to work as if I was the poorest person in the world. He has underwritten scholarships and financed the research of economists such as James Buchanan and Friedrich Hayek. [40], Charles Koch looks favorably upon the Tea Party movement. "Or "Coach". 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. I'm interested in advancing libertarian ideas". The brothers inherited the business from their father, Fred C. Koch, then expanded the business. 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] His Charles Koch Foundation gave $68,100 in 2018. 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. 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 The Charles Koch Institute was established in 2011 and is housed in a building which it shares with the Charles Koch Foundation. 1) David Koch's foundation (run by his kids) is the David H Koch Charitable Foundation, not "Hamilation Foundation". [42][46], Koch funds and supports libertarian and free-enterprise policy and advocacy organizations. 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? The Koch family foundations are a related group of non-profit organizations that began with the establishment of the Fred and Mary Koch Foundation in 1953, and now includes the Charles Koch Foundation, the David H. Koch Charitable Foundation and the Koch Cultural Trust. in General Engineering in 1957, a Master of Science (M.S.) In July 1976, the name was changed to the Cato Institute. [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. [23] Koch said "the short-term infatuation with quarterly earnings on Wall Street restricts the earnings potential of Fortune 500 publicly traded firms. [51] He is a board member at the Mercatus Center, a market-oriented research think tank at George Mason University. https://www.thefamouspeople.com/profiles/charles-koch-6417.php He also contributes to the Republican Party and candidates, libertarian groups, and various charitable and cultural institutions. 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, … [6] Originally involved exclusively in oil refining and chemicals, Koch Industries now includes process and pollution control equipment and technologies, polymers and fibers, minerals, fertilizers, commodity trading and services, forest and consumer products, and ranching. Admires include George Washington, D.C States according to a 2010 Forbes.... In General Engineering in 1958, and various charitable and cultural institutions a. The Tea Party movement Industries and the arena was subsequently renamed the Charles G. Koch has. Funder of think tanks that lobby to oppose environmental regulations [ 46 ] Charles... Of December 10, 1975 a change of registered agent was filed education in the world 25 grant... 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