with Orval Adams assuming that title. During these same years, Kennedy also served as chairman of Mayor Richard J. Daley's Mayor's Committee for Economic and Cultural Growth in Chicago. In 1957, Kennedy became a member of the board of trustees of the University of Chicago. While serving in this post, he was involved in fundraising. In 1966, he was asked to head a fundraising drive for Brigham Young University (BYU). He worked on this project until becoming the US Treasury Secretary. From 1961 until January 1969, Kennedy was a member of the board of trustees of the Brookings Institution. In 1963, he commissioned a house in Winnetka, Illinois. Government service Kennedy served as a special assistant on debt management to Treasury Secretary George M. Humphrey. He also served on the staff of the Board of Governors of the Federal Reserve system from 1930 to 1946, ending up assistant to the Chairman. In October 1962, U.S. President John F. Kennedy (no relation) appointed him a member of a private corporation (COMSAT) to own and operate the United States' share of a global satellite communications system. He was elected to the permanent board of directors in 1964. In 1967, U.S. President Lyndon B. Johnson appointed Kennedy as chairman of the Commission on Budgetary Concepts, whose recommendations were adopted as standard government budgetary practice. Kennedy was nominated by Nixon to be the 60th Secretary of the Treasury. He served from 1969 until 1971. Nixon, who had little interest in economics and expected his top economic advisers to run that portfolio, fairly quickly concluded that Kennedy was not up to the task, being weak both on policy-making and as a lead economics spokesman for the administration. Nixon concluded Kennedy was a "cipher" and by April 1970 told aide John Ehrlichman that Kennedy was to be replaced. Kennedy served as the U.S. Ambassador to NATO from March 1972 to February 1973. He founded the US-Taiwan Business Council in 1976, and served as its Chairman for fourteen years, until 1990. Church service He also served as a special representative of the LDS Church's First Presidency. This assignment required him to represent the church around the world, meeting with government and ecclesiastical leaders. In 1985, the David M. Kennedy Center for International Studies at BYU opened and is named in his honor. Following the death of his wife, Lenora Bingham, on August 24, 1995, Kennedy died in