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Corporation News
For
further information contact:
Carnegie Corporation of New York
Public Affairs 212-207-6273
Carnegie Corporation Highly
Ranked in Report on Giving to Minority-Led Organizations
In its July 2008 report Funding the New Majority the Greenlining
Institute examines grants awarded to minority-led organizations
in 2005 by some of the nation’s largest private foundations.
Carnegie Corporation was ranked in the top 10 in terms of the percentage
of grants awarded to minority-led nonprofits. According to the Greenlining
Institute’s methodology, 12.1 percent of the foundation’s
2005 domestic grants were awarded to minority-led nonprofits. Read
the report.
Carnegie Corporation believes that, as tax exempt organizations,
private foundations are held in the public trust and must operate
with transparency and be held accountable for prudent investment
and management of their assets.
The Corporation was founded by the immigrant, industrialist and
philanthropist, Andrew Carnegie to advance and diffuse knowledge
and understanding. His two primary concerns were education and international
peace. The Corporation remains true to the founder’s spirit
and to this day continues to focus intently on the issues about
which he cared so deeply. And, the foundation invests in workable
strategies—and the organizations that implement those strategies—that
can demonstrably contribute to the betterment of our society.
“We are proud of our stewardship of Mr. Carnegie’s legacy
and will continue to invest our assets to create pathways to educational
and economic opportunity for
all Americans; and to citizenship, civic participation and integration
in a pluralistic society,” said Geri Mannion who leads the
foundation’s immigrant integration work which focuses on ensuring
that new arrivals from regions including Latin America, Asia and
the Middle East can become full participants in American civic and
civil life.
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