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Philanthropy of Andrew Carnegie. Andrew Carnegie (1835-1919) came from Scotland to the United States in 1848, and his family settled in Allegheny, Pennsylvania. At age thirteen, Andrew went to work as a bobbin boy in a cotton mill.
Andrew Carnegie may be the most influential philanthropist in American history. The scale of his giving is almost without peer: adjusted for inflation, his donations exceed those of virtually everyone else in the nation’s history.
Originally titled simply “Wealth” and published in the North American Review in June 1889, Andrew Carnegie’s essay “The Gospel of Wealth” is considered a foundational document in the field of philanthropy.
May 9, 2024 · Andrew Carnegie was a Scottish-born American industrialist who led the enormous expansion of the American steel industry in the late 19th century. He was also one of the most important philanthropists of his era.
He became a leading philanthropist in the United States, Great Britain, and the British Empire. During the last 18 years of his life, he gave away around $350 million (roughly $6.5 billion in 2023), [6] almost 90 percent of his fortune, to charities, foundations and universities. [7] .
Through the Carnegie Corporation of New York, the innovative philanthropic foundation he established in 1911, his fortune has since supported everything from the discovery of insulin and the dismantling of nuclear weapons, to the creation of Sesame Street and the Common Core Standards.
The Gospel of Wealth, Andrew Carnegie’s most famous essay, was written in 1889 and describes the responsibility of philanthropy by the new upper class of self-made rich. The central thesis of Carnegie’s essay is that the wealthy entrepreneur must assume the responsibility of distributing his fortune in a manner that assures that it will be ...
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