Community hub
Recent from talks
Knowledge base stats:
Talk channels stats:
Members stats:
Carnegie Corporation of New York
The Carnegie Corporation of New York is a private foundation established by Andrew Carnegie in 1911 "to promote the advancement and diffusion of knowledge and understanding."
Since its founding, the Carnegie Corporation has endowed or otherwise helped establish institutions including the United States National Research Council, Harvard University's Davis Center for Russian and Eurasian Studies (formerly known as the Russian Research Center), the Carnegie libraries, the University of Chicago Graduate Library School, and the Children's Television Workshop (now Sesame Workshop). It also has funded the Carnegie Endowment for International Peace (CEIP), the Carnegie Foundation for the Advancement of Teaching (CFAT), and the Carnegie Institution for Science (CIS). According to OECD, Carnegie Corporation of New York's financing for 2019 development increased by 27% to US$24 million.
Carnegie Corporation of New York's president is Louise Richardson and the chairman of its board of trustees is Janet L. Robinson.
By 1911, Andrew Carnegie had endowed five organizations in the United States and three in the United Kingdom, and given more than $43 million to build public libraries and given another almost $110 million elsewhere. But ten years after he sold the Carnegie Steel Company, more than $150 million remained in his accounts and at 76, he wearied of philanthropic choices. Long-time friend Elihu Root suggested he establish a trust. Carnegie transferred most of his remaining fortune into it, and made the trust responsible for distributing his wealth after he died. Carnegie's previous charitable giving had used conventional organizational structures, but he chose a corporation as the structure for his last and largest trust. Chartered by the State of New York as the Carnegie Corporation of New York, the corporation's capital fund, originally worth about $135 million, had a market value of $4.6 billion on October 2025.
In 1911–1912, Carnegie gave the corporation $125 million. At that time the corporation was the largest single philanthropic charitable trust ever established. He also made it a residual legatee under his will so it therefore received an additional $10 million, the remainder of his estate after it had paid his other bequests. Carnegie reserved a portion of the corporation's assets for philanthropy in Canada and the then-British Colonies, an allocation first referred to as the Special Fund, then the British Dominions and Colonies Fund, and later the Commonwealth Program. Charter amendments have allowed the corporation to use 7.4 percent of its income in countries that are or once were members of the British Commonwealth.
In its early years, Carnegie served as both president and trustee. His private secretary James Bertram and his financial agent, Robert A. Franks, acted as trustees as well and, respectively, corporation secretary and treasurer. This first executive committee made most of the funding decisions. Other seats on the board were held ex officio by presidents of five previously established US Carnegie organizations:
Grants for public libraries and church organs continued until 1917, and also went to other Carnegie organizations, and universities, colleges, schools, and educational agencies. Carnegie's letter of gift to the original trustees making the endowment said that the trustees would "best conform to my wishes by using their own judgement." Elihu Root served as president from 1919–1920, James R. Angell from 1920-1921, and Henry S. Pritchett from 1921-1923.
Corporation strategies changed over the years but remained focused on education, although the trust did also increasingly fund scientific research, convinced that the nation needed more scientific expertise and "scientific management". It also worked to build research facilities for the natural and social sciences. The corporation made large grants to the National Academy of Sciences/National Research Council, the Carnegie Institution of Washington, the National Bureau of Economic Research, Stanford University's now-defunct Food Research Institute and the Brookings Institution, then became interested in adult education and lifelong learning, an obvious follow-on to Carnegie's vision for libraries as "the university of the people". In 1919 it initiated the Americanization Study to explore educational opportunities for adults, primarily for new immigrants. After Carnegie died in 1919, the trustees elected a full-time salaried president as the trust's chief executive officer and ex officio trustee. For a time the corporation's gifts followed the patterns Carnegie had already established.
Hub AI
Carnegie Corporation of New York AI simulator
(@Carnegie Corporation of New York_simulator)
Carnegie Corporation of New York
The Carnegie Corporation of New York is a private foundation established by Andrew Carnegie in 1911 "to promote the advancement and diffusion of knowledge and understanding."
Since its founding, the Carnegie Corporation has endowed or otherwise helped establish institutions including the United States National Research Council, Harvard University's Davis Center for Russian and Eurasian Studies (formerly known as the Russian Research Center), the Carnegie libraries, the University of Chicago Graduate Library School, and the Children's Television Workshop (now Sesame Workshop). It also has funded the Carnegie Endowment for International Peace (CEIP), the Carnegie Foundation for the Advancement of Teaching (CFAT), and the Carnegie Institution for Science (CIS). According to OECD, Carnegie Corporation of New York's financing for 2019 development increased by 27% to US$24 million.
Carnegie Corporation of New York's president is Louise Richardson and the chairman of its board of trustees is Janet L. Robinson.
By 1911, Andrew Carnegie had endowed five organizations in the United States and three in the United Kingdom, and given more than $43 million to build public libraries and given another almost $110 million elsewhere. But ten years after he sold the Carnegie Steel Company, more than $150 million remained in his accounts and at 76, he wearied of philanthropic choices. Long-time friend Elihu Root suggested he establish a trust. Carnegie transferred most of his remaining fortune into it, and made the trust responsible for distributing his wealth after he died. Carnegie's previous charitable giving had used conventional organizational structures, but he chose a corporation as the structure for his last and largest trust. Chartered by the State of New York as the Carnegie Corporation of New York, the corporation's capital fund, originally worth about $135 million, had a market value of $4.6 billion on October 2025.
In 1911–1912, Carnegie gave the corporation $125 million. At that time the corporation was the largest single philanthropic charitable trust ever established. He also made it a residual legatee under his will so it therefore received an additional $10 million, the remainder of his estate after it had paid his other bequests. Carnegie reserved a portion of the corporation's assets for philanthropy in Canada and the then-British Colonies, an allocation first referred to as the Special Fund, then the British Dominions and Colonies Fund, and later the Commonwealth Program. Charter amendments have allowed the corporation to use 7.4 percent of its income in countries that are or once were members of the British Commonwealth.
In its early years, Carnegie served as both president and trustee. His private secretary James Bertram and his financial agent, Robert A. Franks, acted as trustees as well and, respectively, corporation secretary and treasurer. This first executive committee made most of the funding decisions. Other seats on the board were held ex officio by presidents of five previously established US Carnegie organizations:
Grants for public libraries and church organs continued until 1917, and also went to other Carnegie organizations, and universities, colleges, schools, and educational agencies. Carnegie's letter of gift to the original trustees making the endowment said that the trustees would "best conform to my wishes by using their own judgement." Elihu Root served as president from 1919–1920, James R. Angell from 1920-1921, and Henry S. Pritchett from 1921-1923.
Corporation strategies changed over the years but remained focused on education, although the trust did also increasingly fund scientific research, convinced that the nation needed more scientific expertise and "scientific management". It also worked to build research facilities for the natural and social sciences. The corporation made large grants to the National Academy of Sciences/National Research Council, the Carnegie Institution of Washington, the National Bureau of Economic Research, Stanford University's now-defunct Food Research Institute and the Brookings Institution, then became interested in adult education and lifelong learning, an obvious follow-on to Carnegie's vision for libraries as "the university of the people". In 1919 it initiated the Americanization Study to explore educational opportunities for adults, primarily for new immigrants. After Carnegie died in 1919, the trustees elected a full-time salaried president as the trust's chief executive officer and ex officio trustee. For a time the corporation's gifts followed the patterns Carnegie had already established.