Andrew Carnegie Philanthropy
Andrew Carnegie was born in Scotland, and made his fortune in the US steel and railroad industries. He was one of the first to state the precept that wealthy individuals had a moral obligation to give away their money.
- Carnegie was passionate about education. His wealth was used to fund numerous libraries, schools, and universities internationally. In 1881, Carnegie spent over $56 million to establish free public libraries.
- Carnegie started Carnegie Institute of Technology in Pittsburgh, and the name later changed to Carnegie Mellon University. By the end of his life, Carnegie had given $350 million, and left $125 million with the Carnegie Corporation to continue giving to society.
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