Green, Cecil Howard, 1900-2003

Core Data

Information

person

Name Entries *

Green, Cecil Howard, 1900-2003

Computed Name Heading

Name Components

Name :

Green, Cecil Howard, 1900-2003

Green, Cecil Howard

Computed Name Heading

Name Components

Name :

Green, Cecil Howard

Green, Cecil Howard, 1900-

Computed Name Heading

Name Components

Name :

Green, Cecil Howard, 1900-

Genders

Exist Dates

Exist Dates - Date Range

1900-08-06

1900-08-06

Birth

-

2003-04-11

2003-04-11

Death

-

Biographical History

Cecil H. and Ida M. Green are best known for philanthropy. Beginning in 1950 they gave millions of dollars to various institutions and organizations, and by 1988 their donations amounted to more than $150 million. In addition to financial gifts, they served as chairpersons on various fund raising events that helped generate many more millions of dollars from other donors.

The Greens were not always millionaires. They started out on a modest income, and through hard work and perseverance slowly amassed their fortune. In fact, Cecil's first job out of graduate school paid him $55.00 a week. It was not until he and Ida purchased one fourth interest in Geophysical Services, Inc. for $75,000. This would eventually make them millionaires. The remainder of GSI was purchased by three other company employees: Erik Jonsson, Eugene McDermott, and H. Bates Peacock. The four partners' original investment totaled $300,000.

The purchase of GSI was completed two days after the Japanese attack on Pearl Harbor. Green wanted to pursue government contracts to help the war effort, and this proved to be a very successful endeavor. So successful in fact, that contract work for the government far outpaced the work done by GSI. Texas Instruments was formed as a result of this and became the parent company of GSI. On October 1, 1953 Texas Instruments common stock was offered publicly, opening at $5.25 a share. TI stock rose to $210 per share making Green and his partners millionaires.

When Ida and Cecil decided to purchase a quarter of GSI, Ida said that if they ever got rich she wanted them to be philanthropists. With the rise in TI stock, Ida's dream became a reality. The question was how to effectively donate money to help the maximum number of people. They decided to support education by expanding opportunities for young people who would then be able to help thousands, if not millions of people worldwide.

The list of beneficiaries is long. Among them are MIT, where Cecil received his Masters degree in Electrical Engineering; Woods Hole Oceanographic Institution; and The Scripps Institute. In addition, they helped fund scholarships, endowed university chairs, gave the principal donation to the Salvation Army building in Dallas, and the Dallas YWCA building fund.

In the early 1960s, Green, McDermott, and Jonsson established an educational institution to provide post doctorate research and training in engineering and geophysical sciences. This institution was chartered the Graduate Research Center of the Southwest in June 1963. It later became known as the Southwestern Center for Advanced Studies. The three realized that they alone could not provide all the funding needed for the institution to grow. It needed to be a part of a major university system and in 1969 SCAS became The University of Texas at Dallas.

Countless people have been helped through the generous giving of Cecil and Ida Green. The Greens have received numerous, well deserved recognitions for their gifts and support of various organizations and causes, but they did not set out to win awards. Their first and foremost goal was to help improve people's lives. Helping people directly and indirectly is their ultimate reward.

From the description of Cecil H. Green papers, 1901-2003 1920-1993. (University of Texas at Dallas). WorldCat record id: 567791304

eng

Latn

External CPF Relations (Same As)

Green, Cecil Howard, 1900-2003

http://viaf.org/viaf/1578795

http://en.wikipedia.org/wiki/Cecil_Howard_Green

http://www.worldcat.org/wcidentities/lccn-n88276084

http://id.loc.gov/authorities/names/n88276084

Other Entity IDs (Same As)

Sources

Loading ...

Resource Relations

Loading ...

Internal CPF Relations

Loading ...

Languages Used

Subjects

Geophysics--History

Geophysics

Petroleum engineering

Social service

Submarine warfare--World war, 1939-1945

Geophysics--Research

Seismology--Research

Petroleum--Prospecting

Magnetic instruments

Nationalities

Functions

Occupations

Legal Statuses

Places

Convention Declarations

<conventionDeclaration><citation>VIAF</citation></conventionDeclaration>

General Contexts

Structure or Genealogies

Mandates

Identity Constellation Identifier(s)

http://n2t.net/ark:/99166/w64t6mrx

w64t6mrx

47016089