Joseph R. McMicking
Joseph R. and Mercedes Z. McMicking were born in the Philippine Islands in the early part of the 20th Century. JRM, as he was called, came to California where he attended Stanford University. In 1931 he returned to the Philippines, married Mercedes Zobel and started a long business career where he became the managing partner and visionary of the Ayala group of companies.
McMicking was a member of General MacArthur’s staff throughout World War II, attaining the rank of Colonel in the United States Army. Returning to the Philippines with the liberation in 1945, he re-joined his wife, Mercedes, and resumed his successful business career both in Manila and San Francisco.
In 1948, in San Francisco, JRM and his brother, Henry A. McMicking, formed McMicking and Company – one of the first Venture Capital firms in California. They were instrumental in funding Ampex Corporation, the pioneer in developing audio and videotape technology. Until his death in 1990, Joseph R. McMicking was actively involved in Venture Capital in the Bay Area and his business interests in the Philippines and in Spain. .
Joseph and Mercedes McMicking were always part of the local San Francisco philanthropic community. They also generously supported children’s charities and education in the Philippines. Joseph and Mercedes McMicking were the founders and principal benefactors of the Filipinas Foundation in Manila, Philippines. Now renamed the Ayala Foundation, it is one of the leading private foundations in the Philippines. In 1992, the Joseph and Mercedes McMicking Foundation endowed three permanent graduate scholarships at Stanford University. The scholarships are in the departments of Physics, Chemistry, and Biology, and are administered by the university.