Richard King Mellon
Lua error in package.lua at line 80: module 'strict' not found. Richard King Mellon (June 19, 1899 – June 3, 1970), commonly known as R.K., was an American financier, general, and philanthropist from the Pittsburgh suburb of Ligonier, Pennsylvania.
Contents
Biography
The son of Richard B. Mellon, nephew of Andrew W. Mellon, and grandson of Thomas Mellon, he and his sister Sarah Mellon Scaife and cousins Paul Mellon and Ailsa Mellon-Bruce, were heirs to the Mellon fortune, which included major holdings in Mellon Bank, Gulf Oil, and Alcoa. In 1957, when Fortune prepared its first list of the wealthiest Americans, it estimated that the four cousins were all amongst the richest eight people in the United States, with fortunes of between 400 and 700 million dollars each. R.K. Mellon served as president and chairman of Mellon Bank. He also served on the board of trustees of the University of Pittsburgh over a span of several decades and was a major benefactor to the university.[1]
Military Service
Mellon served in the United States Army in both world wars and remained active in the United States Army Reserve, receiving the Distinguished Service Medal and rising to the rank of Lieutenant General.
Urban Renewal
He is chiefly remembered for his urban renewal efforts in Pittsburgh, undertaken in an unlikely bipartisan (Mellon was a lifelong Republican) partnership with the city's postwar Democratic mayor David L. Lawrence. After returning to the city following World War II, Mellon developed an interest in improving Pittsburgh's severe flooding, pollution, and urban blight. Under the auspices of the Allegheny County Community Development Association, massive demolition and redevelopment projects transformed the city, backed politically by Lawrence and financially by Mellon and his companies. Mellon also used his economic power to push companies and landowners to comply with new regulations. Mellon served as Vice President of American Council to Improve Our Neighborhoods, a organization to promote for-profit private urban renewal projects.[2] <templatestyles src="Module:Hatnote/styles.css"></templatestyles>
Family
He married Constance Prosser McCaulley, daughter of a New York banker, in 1936. They had four children: Richard P. Mellon, Seward Prosser Mellon, Constance Barber Mellon, and Cassandra Mellon Milbury. Richard King Mellon was also the primary financial founder of Carnegie Mellon University's Heinz College, then known as the School of Urban and Public Affairs.
Foundation
The Richard King Mellon Foundation manages his charitable estate and has recently participated in redeveloping industrial brownfields in Pittsburgh.[3]
References
- People, TIME, August 14, 1939
- Fitzpatrick, Dan. "The story of urban renewal," Pittsburgh Post-Gazette May 21, 2000
- Obituary [1]
