Carnegie Corporation Renamed to Andrew Carnegie Foundation to Reflect Founder’s Legacy
The Carnegie Corporation of New York, one of the oldest philanthropic organizations in the United States, has officially changed its name to the Andrew Carnegie Foundation. This decision aims to more accurately reflect the foundation's mission and its founder, Andrew Carnegie. The name change was announced by Dame Louise Richardson, who became the foundation's president in 2023. The previous name, which had been in use since the foundation's inception in 1911, often led to confusion about the organization's purpose and scope. The foundation, which holds $4.8 billion in assets and distributes over $180 million annually, seeks to reduce societal polarization as one of its primary goals. The name change is part of an effort to clarify the foundation's identity and highlight its historical roots in Carnegie's philanthropic vision.