Jay Rockefeller Manhattan, New York City, to John Davison Rockefeller III (1906–1978) and Blanchette Ferry Hooker (1909–1992), 26 days after the death of his patrilineal great-grandfather, John Davison Rockefeller Sr. (1839–1937). He is the grandson of John Davison Rockefeller Jr. Jay graduated from Phillips Exeter Academy in 1955. After his junior year at Harvard College, he spent three years studying Japanese at the International Christian University in Tokyo. He graduated from Harvard in 1961 with a Bachelor of Arts degree in Far Eastern Languages and History. He attended Yale University and did graduate work in Oriental studies and studied the Chinese language.
Rockefeller Center approval of the complex's status, the commission wrote, "Rockefeller Center ranks among the grandest architectural projects ever undertaken in the United States". The buildings became a National Historic Landmark two years later. The United States Department of the Interior wrote in its report that the center was "one of the most successful urban planning projects in the history of American architecture". Columbia University was not making enough money from Rockefeller Center leases by the 1970s, since a series of negotiations with Rockefeller Center Inc. (now Rockefeller Group) had effectively reduced the annual lease payment to $11 million. The university's funds