Carnegie Institution

Definition and stakes

Edna Henry Lee Turpin,  Brief biographies from American history… (1907)

“ Carnegie says that a man who has accumulated a great fortune ought to share it with the people. Among the objects which he considers most worthy the aid of men of wealth, he names universities, free libraries, hospitals, public parks, swimming baths, public halls, and church buildings. His own favorite charity is the aid of public libraries to which he has given millions of dollars. In 1902 he gave ten million dollars to found Carnegie Institution in Washington “for promotion of study and research.” ”
Source: Gutenberg

J. N. Larned,  History For Ready Reference, Volume 7 (1895)

“ The Carnegie Foundation for the Advancement of Teaching. After the founding of the Carnegie Institution, of Washington, Mr. Carnegie’s next great gift to Education, made in 1905, was in the sum of $10,000, 000, placed in the hands of trustees as a fund the income of which may be applied "to provide retiring pensions, without respect to race, sex, creed, or color, for the teachers of universities, colleges, and technical schools in the United States, the Dominion of Canada, and Newfoundland," and "to provide for the care and maintenance of the widows and families of the said teachers." ”
Source: Gutenberg

Various,  Popular Science Monthly (1907)

“ It is disappointing that the Carnegie Institution has been able to do nothing beyond making grants to certain scientific men and founding certain research institutions along well-established lines, but it may none the less be difficult to say what else it could do to better advantage. Money spent on scientific research is almost surely well spent. If the undertakings of the Carnegie Institution are what in commercial life would be called three-per-cent. investments, in science they bring a material return manyfold as large, and the ideal results are not to be measured. ”
Source: Wikisource

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