Abstract
THE annual report of the Carnegie Corporation of New York, for the year ended September 30, 1943, includes the reports of the president, Mr. W. A. Jessup, and of the secretary and of the treasurer, and gives a complete list of grants voted during the year totalling 2,562,900 dollars. Income for the year was 4,114,952 dollars in the Main Endowment Fund applicable to the United States, and 355,288 dollars in the fund applicable to the British. Dominions and Colonies, the interest on the funds being equivalent to 2·7 per cent on investment securities, as compared with a yield of 4·5 per cent in the period 1932–33. The president points out that by means of reserves for various purposes the Corporation has spread allocations for the payment of appropriation for certain long-time interests over a period of years and has built up a depreciation reserve as partial protection of the endowment and legacy. The fact that the income to-day is only three fifths of the income ten years ago has, however, modified the grant-making policy of the Corporation. The Trustees are faced with the necessity of reducing either the number of grants made or the amounts involved, and possibly both.
Article PDF
Rights and permissions
About this article
Cite this article
Carnegie Corporation of New York: Annual Report. Nature 154, 48 (1944). https://doi.org/10.1038/154048c0
Issue Date:
DOI: https://doi.org/10.1038/154048c0