evidence." In February 1994, President Bill Clinton named Peterson as a member of the Bipartisan Commission on Entitlement and Tax Reform co-chaired by Senators Bob Kerrey and John Danforth. He also served as co-chair of the Conference Board Commission on Public Trust and Private Enterprises (Co-Chaired by John Snow). Later career Peterson succeeded David Rockefeller as chairman of the Council on Foreign Relations in 1985 and served until his retirement from that position in 2007. He served as trustee of the Rockefeller family's Japan Society and of the Museum of Modern Art, and was previously on the board of Rockefeller Center Properties, Inc. He was the founding chairman of the Peterson Institute for International Economics (formerly the "Institute for International Economics", renamed in his honor in 2006), and a trustee of the Committee for Economic Development. He was also chairman of the Federal Reserve Bank of New York between 2000 and 2004. In 2008, he founded the Peter G. Peterson Foundation (PGPF), an organization devoted to spreading public awareness on fiscal sustainability issues related to the national debt, federal deficits, Social Security policy, and tax policies. PGPF distributed the 2008 documentary film I.O.U.S.A., and did outreach to the 2008 presidential candidates. Peterson funded The Fiscal Times, a news website that reports on current economic issues, including the federal budget, the deficit, entitlements, health care, personal savings, taxation, and the global economy. Fiscal Times contributors and editors include several veteran economics reporters for The New York Times and The Washington Post. On August 4, 2010, it was announced that he had signed "The Giving Pledge." He was one of 40 billionaires, led by Bill Gates and Warren Buffett, who agreed to give at least half their wealth to charity. Most of his giving was to his own foundation, The Peter G. Peterson Foundation, which focuses on raising public awareness about long-term fiscal sustainability issues. Political activities From 2007 through 2011, Peterson was reported to have contributed $458 million to the Peter G. Peterson Foundation, to promote the cause of fiscal responsibility. Peterson opposed the Republican 2017 tax reforms, because they would cut corporate and other taxes by raising the debt. "Mortgaging our fiscal future for trillions in temporary tax cuts will hurt our economy over time, and every C.E.O. should know that," he said. "True business patriots need to advocate for their country as well as their company." Personal life He