The Carnegie Corporation of New York

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    THE report of the president of the Carnegie Corporation of New York, Frederick P. Keppel, for the year ended September 30 records the distribution of grants amounting to nearly four million dollars (including nearly half a million from the Corporation's British Dominions and Colonies Fund) in the following proportions: endowment and support of universities, colleges and schools 22, the arts 17, library interests 15, research studies and publications 14, adult education 5, miscellaneous 27 per cent. It is a document of outstanding interest to trustees and administrators of funds for educational, scientific and cultural purposes and to prospective benefactors and beneficiaries. Highly important questions of principle and policy are lucidly and briefly discussed under the headings “The Public and Foundations”, “Funds for Philanthropy” and “Board Procedure”. It appears that whilst the volume of large gifts and bequests, derived as they are from fortunes made under conditions which are unlikely to recur, tends to dimmish, the funds of the various community trusts made up of relatively small individual contributions have grown steadily in the past ten years from sixteen to fifty million dollars, and the president believes that “current contributions from public funds, from industry and commerce, plus the cumulative contributions of private endowments, are together taking over a steadily increasing share of the total load” of the finance of educational, scientific and cultural enterprises.

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    The Carnegie Corporation of New York. Nature 143, 932 (1939) doi:10.1038/143932a0

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