Premise: The Carnegie Foundation (Dutch: "Carnegie Stichting" ) is an organization based in The Hague, Netherlands. It was founded in 1903 by Andrew Carnegie in order to manage his donation of US$1.5 million, which was used for the construction, management and maintenance of the Peace Palace. The Peace Palace was built to house the Permanent Court of Arbitration and a library of international law.
Hypothesis: It was founded before 1903 by Andrew Carnegie in order to manage his donation of US$1.5 million, which was used for the construction, management and maintenance of the Peace Palace.