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Carnegie Corporation of New York

Profile

Last profile update: 07/25/2017
Last grant data update: 10/07/2017

At A Glance

Carnegie Corporation of New York

437 Madison Ave.

New York City, NY United States 10022-7003

Telephone: (212) 371-3200

URL: carnegie.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business; Other

EIN

131628151

BRIDGE Number

0742953486

Background

Incorporated in 1911 in NY - Founded by the late Andrew Carnegie to promote the advancement and diffusion of knowledge and understanding. Carnegie established the Carnegie Steel Company, which launched the steel industry in Pittsburgh, PA. During his lifetime, he personally donated over $300 million in gifts, including over $56 million for more than 2,500 municipal library buildings throughout the English-speaking world. Carnegie Corporation of New York's capital fund, originally valued of $135 million, now has a market value of over $2.4 billion, placing it among the largest foundations in the country. Under Carnegie's will, grants must benefit the people of the United States, although up to 7.4 percent of the funds may be used for the same purpose in countries that are or have been members of the British Commonwealth, currently limited to selected countries in Sub-Saharan Africa

Purpose and Activities

As a grantmaking foundation, Carnegie Corporation of New York seeks to carry out Andrew Carnegie's vision of philanthropy, which he said should aim 'to do real and permanent good in this world.' Currently the foundation's work is focused in two integrated programs: the National Program, which includes support for education as a pathway to citizenship; and the International Program, which addresses international peace and security issues.