{"id":18005,"date":"2026-06-09T15:00:00","date_gmt":"2026-06-09T13:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=b7fc52a60981d7d56ffaf9fd4f84fb45"},"modified":"2026-06-09T15:00:00","modified_gmt":"2026-06-09T13:00:00","slug":"carnegie-corporation-of-new-york-changes-its-name-to-the-andrew-carnegie-foundation","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=18005","title":{"rendered":"Carnegie Corporation of New York\u00a0Changes\u00a0Its\u00a0Name to\u00a0the Andrew Carnegie Foundation\u00a0\u00a0"},"content":{"rendered":"

NEW YORK--(BUSINESS WIRE)--#AndrewCarnegieFoundation<\/a>--To honor the founder of one of the country\u2019s first philanthropic grantmaking institutions, Carnegie Corporation of New York announced today that it has changed its name to the Andrew Carnegie Foundation<\/b>. The new name recognizes Andrew Carnegie<\/a>, the Scottish immigrant who established the philanthropic organization on June 9, 1911.<\/p><\/a><\/a>

\nAnnounced on the foundation\u2019s 115th anniversary, the change provides a clear connection to Andrew Carnegie and reduces confusion caused by the original name. The foundation is Mr. Carnegie\u2019s primary philanthropic grantmaking foundation, not a corporation, and it disburses funds both nationally and internationally, not just in New York.<\/p>

\nThe Andrew Carnegie Foundation\u2019s mission is staying the same, focused on issues that Andrew Carnegie considered most important: education, democracy, and peace. He endowed his foundation with $135 million, and today, the endowment stands at more than $5 billion, with a grantmaking budget of $220 million for the current year.<\/p>

\n\u201cThe Andrew Carnegie Foundation represents one of the most powerful stories in modern philanthropy: an impoverished immigrant who rose to become one of the era\u2019s richest men and then devoted himself to doing \u2018real and permanent good in the world.\u2019 His example has inspired generations of philanthropists ever since,\u201d said Dame Louise Richardson<\/a>, president of the foundation and former head of the University of Oxford. \u201cOur foundation continues his extraordinary legacy over a century after his death, and today, across the world, tens of thousands of people benefit from the 2,500 free public libraries he funded in an unprecedented act of strategic generosity.\u201d<\/p>

\nAndrew Carnegie became one of the most influential figures in philanthropy in 1889 when he published the essay \u201cThe Gospel of Wealth,\u201d stating that the rich should use their excess wealth to improve the lives of others. After selling his steel company in 1901 for nearly $500 million, Carnegie committed to giving away his fortune. By 1911, Carnegie had established more than 20 institutions and had run out of more traditional names, leading him to select \u201ccorporation\u201d for his main grantmaking foundation.<\/p>

\nIn a nod to Andrew Carnegie\u2019s enduring legacy, the foundation\u2019s new logo features his signature. The foundation commissioned the Brooklyn-based agency Madeo to develop its new visual identity and redesigned website, Carnegie.org<\/a>.<\/p> Contacts<\/b>

\nAngely Montilla\naem@carnegie.org<\/a>347-360-7803<\/p>","protected":false},"excerpt":{"rendered":"

NEW YORK–(BUSINESS WIRE)–#AndrewCarnegieFoundation–To honor the founder of one of the country\u2019s first philanthropic grantmaking institutions, Carnegie Corporation of New York announced today that it has changed its name to the Andrew Carnegie Founda…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18005","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/18005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18005"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/18005\/revisions"}],"predecessor-version":[{"id":18006,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/18005\/revisions\/18006"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}