Nonprofits are likely to receive as much as $700 million from the estate of David Rockefeller, Sr., the former chair and CEO of Chase Manhattan Bank and renowned philanthropist, once his assets have been liquidated, Forbes reports.

A signatory to the Giving Pledge, Rockefeller, who died on March 20 at the age of 101, had planned to give the bulk of his wealth to charity upon his death. While much of his estimated $3.3 billion fortune was held in family trusts that were split up and passed to his five surviving children, the assets he personally controlled are being sold off and the proceeds given to nonprofits and charities. According to Rockefeller's will, his estate will likely donate a total of more than $700 million to various institutions and charitable causes, including organizations which had already begun receiving annual installments of $5 million from Rockefeller. They include Rockefeller University ($125 million), the Museum of Modern Art ($100 million), and Harvard University ($109 million, a portion of which is earmarked for the David Rockefeller Center for Latin American Studies).

Other recipients include the Rockefeller Family Fund (at least $15 million), the Council on Foreign Relations ($25 million), the Stone Barns Restoration Corporation ($25 million), the Mount Desert Land and Garden Preserve ($20 million for the Abby Aldrich Rockefeller Fund), the Americas Society ($10 million), the American Farmland Trust (5.5 million), and the Maine Coast Heritage Trust ($5 million). In addition, $20 million will be allocated to charities selected by the executors of Rockefeller's will. Either $250 million or the balance of his residuary estate will fund the launch of the David Rockefeller Global Development Fund, which will finance projects focused on global health, poverty, and "promoting sustainable international development, improving the management of international finance, world trade and the global economy, and strengthening multilateralism, and advancing far-sighted, collaborative and constructive United States foreign policies."

A selection of works from Rockefeller's fifteen-thousand-piece art collection will be donated to the Museum of Modern Art, which his mother helped found in 1929, with other works going to the Metropolitan Museum of Art, the Museum of Fine Arts Boston, the National Gallery of Art, the Morgan Library & Museum, and the Portland Museum of Art. In addition, the "Playhouse" building, part of the Rockefeller family's three-thousand-acre "Kykuit" estate north of New York City, will be donated to the National Trust for Historic Preservation; the Harvard Museum of Comparative Zoology will receive Rockefeller's extensive beetle collection; and Brown University will receive the Lucy Truman Aldrich Collection of Rare Illustrated Children's Books.