Thursday, September 29, 2011

Andrew Carnegie

Over the course of Andrew Carnegie's life, he made donations to various charities. However, before 1901, these donations were quite insignificant. Then in 1902, Carnegie created a fund for teachers and donated 10 million dollars to it. This fund was called the Carnegie Institution. Since Carnegie loved to read, he donated money to several cities and towns to create more than 2,000 public libraries. Andrew also gave 125 million to the Carnegie Corporation which aided colleges and schools. Carnegie also believed in world peace, so to aid this cause, he established the Carnegie Endowment for International Peace. By 1911, Carnegie had given away 90 percent of his fortune. 


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