Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-11-11
ANOTHER BIG GIT 7
Carnegie Announces EndoW-
ment of $25,O 100000.
TO DIFFUSE KNOWLEDGE
Corporation for Purpose Formed I'M
der Laws of New York.
CARRIES ON WORK UNDER WAY
TO DIFFUSE KNOWLEDGE
CARRIES ON WORK UNDER WAY
Founding and Aiding Libraries and
Continued-His Donations.

NEW YORK. November 11-Andrew
Carnegie last night announced that he
had given s25,OOO,O 900 to the Carnegie Cor
poration of New York. organized here
yesterday, under charter granted by
the New York legislature last June, ito
promote the advancement and diffusion
of knowledge and understanding among
the people OF the United States
The gift was in the form Of : per
cent first mortgage bonds of the United
States Steel Corporation, the value of the
bonds being taken at par. The bonds
closed yesterday at 1925, SO at yester-
days closing the gift was worth about
s6o6.2-O more than the face value of the
bonds. The income of which the incor-
10000 a year.
In bestoWing this gift upon the cor
poration, organized especially to receive
it and apply its income TO the purpose in
dicated, Mr.. Carnegie IN statement
given out AT his home on 9Th avenue last
night said he intends to leave with the
corporate body the work Of founding and
aiding libraries and educational i4st.tu-
lions which he as an individual has car
ried on for many years. The statement
is as follows:
Purpose of Corporation.
The Carnegie Corporation of New
York, incorporated by an act passed by
the New York legislature June 8, 1911,
was organized November 10, 1911.
THE purposes of this corporation, as
stated in the charter, are as follows:
Section 1. Andrew Carnegie, Elihu
Root, Henry S. Pritchett, William n.
Frew, Robert S. Woodward, Charles j..
Taylor, Robert a. Franks, James Bert
ram and their successors are hereby con-
Stituted a body corporate by the name
of Carnegie Corporation of New York.
for the purpose of receiving and main
tanning fund or funds and applying the
income thereof to promote an advance
ment and diffusion of knowledge and
understanding among the people OF the
United States. by aiding technical schools
institutions of higher learning. Libraries.
scientific research, hero funds, useful
publications and by such other agencies
and means as shall from time 10 time
be found appropriate therefor
THE incorporatorS met at Mr. Carne-
sies house, Friday afternoon, November
1Os 1911, accepted the charter, adopted
the constitution and bylaws and elected
the following officers: President, Andrew
Carnegie: vice president. Elihu Root;
treasurer, Robert \. Franks, secretary,
James Bertram.'
Donations Exceed 100000, 900.
Mr.. Carnegie's donation Of $4,000, 900
for the Carnegie corporation increases
the total of his gifts for various phil
anthropic purposes. according to the
best estimates, to far beyond the two
hundred million-dollar mark.
Since retirement from active business
Mr.. Carnegie has devoted himself al
most exclusively to pnilantnropic ac-
Invites. He suggested the corporation
now organized more than year ago,
and the last legislature passed the
charter BILL which was signed by Gov.
Dix June II.
The incorporators are men who have
been identified with Mr. Carnegie's work
for several years Mr.. Pritchett, former
head of the Massachusetts Institute of
Technology. recently became president
of the Carnegie Foundation for the Ad-
vancement of Teaching: Mr. Frew is
president OF the board of strustees of
the Carnegie Institute Of Pittsburgh, Mr..
Woodward is president of the Carnegie
Institution at Washington. Mr.. Taylor
lis president of the hero fund commits.
sion and Senator Root has been Mr..