LP profile · Foundation
Carnegie Corporation of New York
Carnegie Corporation of New York is a foundation headquartered in United States (North America). Ranked #31 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Carnegie Corporation of New York was established in 1911 by the industrialist Andrew Carnegie.
- It is one of the oldest and most influential grantmaking foundations in the United States, created with the mission "to promote the advancement and diffusion of knowledge and understanding."
- The foundation has historically supported the establishment of major institutions such as the United States National Research Council and provided significant endowments to universities.
Source of Capital
- The corporation's capital originates from an endowment established by its founder, Andrew Carnegie.
- The initial endowment in 1911 was valued at approximately $135 million, making it the largest single philanthropic trust of its era.
Major Events
- No information available.
Allocation Strategy
- The Corporation operates as a grantmaking foundation, distributing funds to nonprofit organizations, universities, and public institutions.
- Its grantmaking is organized into four primary program areas: Education, Democracy, International Peace and Security, and Higher Education and Research in Africa.
- The foundation does not make direct venture capital or private equity investments in for-profit companies as part of its programmatic work.