Omaha daily bee., 1911-11-12
CARNEGIE GIVES MILLIONS
Steel Maynate Announces Transfer
Of S25,O00,000 to Corporation.
SPREAD OF KNOWLEDGE OBJECT
rhiIanthropist Makes Largest GIFT
OF Career for Purpose of Al
vanccment and infusion
of Knowledge.

NEW York, Nov. ll-Andrew Car
negia last nisht announced that he had
given S250Oo.oC0 10 the Carnegie Corpora
tlon OF New York, organized here today
under a charter granted By tho New
York Legislature last June Ito promote
the advancement and diffusion OF knowl-
edge and understanding among the peo-
pie OF the United States"
In bestowing this gift upon the cor
poration. organised especially 20 receive
81 md apply ns income to the purpose
indicated Mr. Carnegie in a statement
given out At his home on Fifth avenue
tonight said he Intends 20 leave with
the corporate body the work Of found
ing and aiding llbrarles and educational
institutions which he as an Individual
has carried on for many years. The
statement is as follows:
THE Carnegie Corporation Of New
York. Incorporated BY an act passed By
the New York legislature June 0, 1911,
was organized November 10, l9ll
Purposes Of Corporation.
The purposes Of the corporation. as
stated IN the charter. are as follows;
Section i--Andrew Carnegie. Elihu
Root. Henry & Pritchett, william y.
Frew. Robert s. Woodward, Charles L.
Taylor Robert A. Franks, James Der
tram and their successors are hereby
constituted body corporate by the name
OF the Carnegie Corporation Of New
York, for the purpose OF receiving and
maintaining a fund. or funds and ap-
plying the Income thereof TO promote the
advancement 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
TO time be found appropriate therefor"
The incorporators met at Mr. Carnegio's
house Friday afternoon. November 10,
1911. accepted the esarttr, adopted tho
constitution and bylaws and elected the
following officers:
President, Andrew Carnegie; vice
president, Elihu Root treasurer Robert
A. Franks; secretary. James Bertram
Mr.. Carnegie transferred to tho cor
poration. for its corporate purposes. 49,
Ooo.0OO par value. first mortgage gold
bonds OF the United States steel corpora
ton.
II Is Intended thdt the business ol
founding and aiding libraries and oduca
tionai institutions. which has been cor
ried on by Mr.. Carnegie as an mdiyidua
4 FOR many years will be turned over e
the corporation az an early date an
carried on by the corporation.
Gifts Reach Huge Total.
Mr. Carnegie's donation OF S25OOOO00 4
the Carnegie corporation increases an
total OF his gifts for various philanthropy
purposes. according to the best estimates
70 far beyond the 400 100000 mark.
lila library gif.s al0ne make praeticall
n giidlo OF monuments around IN
Yworld 20 a man who SOME sixty year
ago began his Industrial career as bobbl
boy 10 a cotton factory.
a The approximately totals Of Mr. Cal
hegio's donations are.
Hero funds (united States, German!
Norway, $, OoOooo:. 80 ~, 80.
carnegies institute at Washington
.colsssa in unitsd States and caHad'
coiicgss in England, 1900, OO0
Trust for Scottish universities, tt0,OOo, 90
Dumferline trust. $5,O00,V00
Carnegie Institute al fiftAbprgh, 81
D0O,OOQ
Bureau OF American republics. 10000
Peace temple at 'rhe Hague, 100000
Libraries N0Oo0.oo0
International peace endowment, so
Evaporation Of Carnegie corporation
Total Sis. 100000.