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74-635: With assistance from the Carnegie Corporation , Acadia University professor Walter Abell established the Maritime Art Association 's publication Maritime Art in 1940. Violet Gillett was also instrumental in the creation and production of the magazine. With assistance from the National Gallery of Canada the magazine changed its name to Canadian Art in 1943 focusing on Canadian and international art. Under

148-520: A business valuation appraiser (and perhaps an equipment and machinery appraiser) to provide a value of the combination of a business and the real estate used for that business, the specific market value is called "going concern value". It recognizes that the combined market value may be different from the sum of the separate values: "The market value of all the tangible and intangible assets of an established operating business with an indefinite life, as if sold in aggregate." Use value takes into account

222-573: A certain eclectic quality and remarkable perseverance in its chosen causes. His vision for adult education drew from both Victorian values of character as well as democratic ideals of freedom of thought and reasoning. Through the Carnegie Corporation, he established the American Association of Adult Education, which focused on grant funding for adult education programs. The creation of an outside organization helped shield

296-493: A framework and agenda for U.S. teacher education reform. These study groups drew on knowledge generated by grant programs and inspired follow-up grantmaking to implement their recommendations. During the presidency of Vartan Gregorian the corporation reviewed its management structure and grants programs. In 1998 the corporation established four primary program headings: education, international peace and security, international development, and democracy. In these four main areas,

370-443: A property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion". Market value is a concept distinct from market price , which is "the price at which one can transact", while market value is "the true underlying value" according to theoretical standards. The concept

444-432: A relatively inactive period for the Carnegie Corporation. Dollard joined the staff in 1939 as Keppel's assistant and became president in 1948. The foundation took greater interest in the social sciences, and particularly the study of human behavior. The trust also entered into international affairs. Dollard urged it to fund quantitative, "objective" social science research like research in physical sciences, and help to diffuse

518-675: A resource as important to the corporation as its endowment. While Gardner's opinion of educational equality was to multiply the channels through which an individual could pursue opportunity, it was during the term of long-time staff member Alan Pifer , who became acting president during 1965 and president during 1967 (again of both Carnegie Corporation and the CFAT), that the foundation began to respond to claims by various groups, including women, for increased power and wealth. The corporation developed three interlocking objectives: prevention of educational disadvantage; equality of educational opportunity in

592-708: A series of grants for the advancement of women in academic life. Two other study groups formed to examine critical problems in American life were the Carnegie Council on Children (1972) and the Carnegie Commission on the Future of Public Broadcasting (1977), the latter formed almost ten years after the first commission. David A. Hamburg , a physician, educator, and scientist with a public health background, became president in 1982 intending to mobilize

666-732: A specific use for the subject property and does not attempt to ascertain the highest and best use of the real estate. For example, the appraisal may focus on the contributory value of the real estate to a business enterprise. Some property tax jurisdictions allow agricultural use appraisals for farmland. Also, current IRS estate tax regulations allow land under an interim agricultural use to be valued according to its current use regardless of development potential. Stability and economic growth are two factors that international investors are seeking when considering investment options. A country offering economic value amongst its other incentives attracts investment funds . A political unrest situation can be

740-532: A trendsetter in philanthropy, often funding research or providing seed money for ideas while others financed more costly operations. For example, ideas it advanced resulted in the National Assessment of Educational Progress , later adopted by the federal government. A foundation's most precious asset was its sense of direction, Gardner said, gathering a competent professional staff of generalists that he called his "cabinet of strategy," and regarded as

814-576: A value other than market value is appropriate, USPAP only requires that the appraiser provide both the definition of value being used and the citation for that definition. Market value is the most commonly used type of value in real estate appraisal in the United States because it is required for all federally regulated mortgage transactions, and because it has been accepted by US courts as valid. However, real estate appraisers use many other definitions of value in other situations. Liquidation value

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888-412: Is for this reason that the debt rating of a country; for example, as determined by Moody's or Standard & Poor's is a crucial indicator of its exchange rate. Currency values and exchange rates play a crucial part in the rate of return on investments . Value for an investor, is the exchange rate of the currency which, contains the bulk of a portfolio, determining its real return. A declining value in

962-400: Is most commonly invoked in inefficient markets or disequilibrium situations where prevailing market prices are not reflective of true underlying market value. For market price to equal market value, the market must be informationally efficient and rational expectations must prevail. Mocciaro Li Destri, Picone & Minà (2012) have underscored the subtle but important difference between

1036-433: Is the applicable definition, the appraisal must also contain an analysis of the highest and best use as well as an estimation of exposure time. All states require mandatory licensure of appraisers. USPAP does not require that all real estate appraisals be performed based on a single definition of market value. There are frequent situations when appraisers are called upon to appraise properties using other value definitions. If

1110-401: Is the most probable price that a specified interest in real property is likely to bring under all of the following conditions: This value definition differs from the previous one in that it assumes an orderly transition, and not "extreme compulsion". For land acquisitions by or funded by U.S. federal agencies, a slightly different definition applies: When a real estate appraiser works with

1184-902: The Ford Foundation . In 1948 the trust also provided the seed money to establish the Russian Research Center at Harvard University, today known as the Davis Center for Russia and Eurasian Studies, as an organization that could address large-scale research from both a policy and educational points of view. In 1951, the Group Areas Act took effect in South Africa and effectively put the apartheid system into place, leading to political ascendancy for Afrikaners and dispossession for many Africans and colored people suddenly required to live in certain areas of

1258-647: The University of Oxford . 40°46′N 73°59′W  /  40.76°N 73.98°W  / 40.76; -73.98 Market value Market value or OMV ( Open Market Valuation ) is the price at which an asset would trade in a competitive auction setting . Market value is often used interchangeably with open market value , fair value or fair market value , although these terms have distinct definitions in different standards, and differ in some circumstances. International Valuation Standards defines market value as "the estimated amount for which

1332-555: The 1959-60 Ashby Commission study of Nigerian needs in postsecondary education . This study stimulated aid increases from the United Kingdom, Europe, and the United States to African nations' systems of higher and professional education. Gardner had a strong interest in education, but as a psychologist he believed in the behavioral sciences and urged the corporation to funded much of the US' basic research on cognition, creativity, and

1406-532: The Advancement of Science issued two reports, Science for All Americans (1989) and Benchmarks for Science Literacy (1993), which recommended a common core of learning in science, mathematics, and technology for all citizens and helped set national standards of achievement. A new emphasis for the corporation was the danger to world peace posed by the superpower confrontation and weapons of mass destruction . The foundation underwrote scientific study of

1480-479: The Advancement of Teaching (CFAT), and the Carnegie Institution for Science (CIS). According to OECD , Carnegie Corporation of New York's financing for 2019 development increased by 27% to US$ 24 million. Carnegie Corporation of New York's president is Louise Richardson and the chairman of its board of trustees is Janet L. Robinson . By 1911, Andrew Carnegie had endowed five organizations in

1554-416: The Carnegie Corporation from accusations of political involvement in education, which would be viewed as private influence over public education. The corporation was aiming to prevent accusations of social-engineering of citizens by creating a separate organization. The AAAE's primary focus in the 1930s was promoting a more democratic society through the education of adults. The AAAE's most notable contribution

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1628-613: The Children's Television Workshop (now Sesame Workshop ), producer of Sesame Street and other noted children's programs. Growing belief in the power of educational television prompted creation of the Carnegie Commission on Educational Television , whose recommendations were adopted into the Public Broadcasting Act of 1968 that established a public broadcasting system. Many other reports on US education

1702-618: The Economy. Its major publication, A Nation Prepared (1986), reaffirmed the role of the teacher as the "best hope" for quality in elementary and secondary education. That report led to the establishment a year later of the National Board for Professional Teaching Standards, to consider ways to attract able candidates to teaching and recognize and retain them. At the corporation's initiative, the American Association for

1776-631: The Primary Grades (1994). Another, the Carnegie Commission on Science, Technology, and Government (1988), recommended ways that government at all levels could make more effective use of science and technology in their operations and policies. Jointly with the Rockefeller Foundation , the corporation financed the National Commission on Teaching & America's Future, whose report, What Matters Most (1996), provided

1850-610: The Regents Degree of the State of New York and Empire State College . The foundation's combined interest in testing and higher education resulted in establishment of a national system of college credit by examination (College-Level Entrance Examination Program of the College Entrance Examination Board ). Building on its past programs to promote the continuing education of women, the foundation made

1924-805: The Special Fund, then the British Dominions and Colonies Fund, and later the Commonwealth Program. Charter amendments have allowed the corporation to use 7.4 percent of its income in countries that are or once were members of the British Commonwealth . In its early years, Carnegie served as both president and trustee . His private secretary James Bertram and his financial agent, Robert A. Franks, acted as trustees as well and, respectively, corporation secretary and treasurer. This first executive committee made most of

1998-777: The United States National Research Council, Harvard University 's Davis Center for Russian and Eurasian Studies (formerly known as the Russian Research Center), the Carnegie libraries , the University of Chicago Graduate Library School , and the Children's Television Workshop (now Sesame Workshop ). It also has funded the Carnegie Endowment for International Peace (CEIP), the Carnegie Foundation for

2072-520: The United States and three in the United Kingdom, and given more than $ 43 million to build public libraries and given another almost $ 110 million elsewhere. But ten years after he sold the Carnegie Steel Company , more than $ 150 million remained in his accounts and at 76, he wearied of philanthropic choices. Long-time friend Elihu Root suggested he establish a trust. Carnegie transferred most of his remaining fortune into it, and made

2146-533: The annual Reel Artists Film Festival, featuring documentaries on visual arts and artists. On October 5, 2021, the Canadian Art Foundation's board of directors announced that Canadian Art was immediately ceasing all operations, citing financial concerns and revenue loss due to the COVID-19 pandemic as driving factors for the organization's closure; it had already ceased publication earlier in

2220-568: The best available knowledge from social science and education research was used to improve social policy and practice, as partner with major institutions with the capability to influence public thought and action. If "change agent" was a major term during Pifer's time, "linkage" became a byword in Hamburg's. The corporation increasingly used its convening powers to bring together experts across disciplinary and sectoral boundaries to create policy consensus and promote collaboration. Continuing tradition,

2294-421: The best scientific and scholarly talent and thinking on "prevention of rotten outcomes" - from early childhood to international relations. The corporation pivoted from higher education to the education and healthy development of children and adolescents, and the preparation of youth for a scientific and technological, knowledge-driven world. In 1984 the corporation established the Carnegie Commission on Education and

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2368-463: The cause of not only loss of confidence, but a reduced value in currency, creating transfer of capital to other and more stable sources. In the event of a government printing currency to discharge a portion of a significant amount of debt, the supply of money is increased, with an ultimate reduction in its value, aggravated by inflation . Furthermore, should a government be unable to service its deficit by way of selling domestic bonds, thereby increasing

2442-456: The commission made detailed suggestions for introducing more flexibility into the structure and financing of higher education. One outgrowth of the commission's work was creation of the federal Pell grants program offering tuition assistance for needy college students. The corporation promoted the Doctor of Arts "teaching" degree as well as various off-campus undergraduate degree programs, including

2516-503: The corporation $ 125 million. At that time the corporation was the largest single philanthropic charitable trust ever established. He also made it a residual legatee under his will so it therefore received an additional $ 10 million, the remainder of his estate after had paid his other bequests. Carnegie reserved a portion of the corporation's assets for philanthropy in Canada and the then- British Colonies , an allocation first referred to as

2590-518: The corporation continued to engage with major issues confronting higher education. Domestically, it emphasized reform of teacher education and examined the current status and future of liberal arts education in the United States. Abroad, the corporation sought to devise methods to strengthen higher education and public libraries in Sub Saharan Africa . As a cross-program initiative, and in cooperation with other foundations and organizations,

2664-658: The corporation financed at this time, included Charles E. Silberman 's acclaimed Crisis in the Classroom (1971), and the controversial Inequality: A Reassessment of the Effect of Family and Schooling in America by Christopher Jencks (1973). This report confirmed quantitative research, e.g. the Coleman Report , showed that in public schools resources only weakly correlated with educational outcomes, which coincided with

2738-542: The corporation initiated the Carnegie Commission on the Poor White Problem in South Africa. Better known as the "Carnegie Poor White Study" , it promoted strategies to improve the lives of rural Afrikaner whites and other poor whites in general. A memorandum sent to Keppel said there was "little doubt that if the natives were given full economic opportunity, the more competent among them would soon outstrip

2812-458: The corporation instituted a scholars program, offering funding to individual scholars, particularly in the social sciences and humanities , in the independent states of the former Soviet Union . On November 18, 2021, the corporation announced that Louise Richardson will become its next and 13th president. She joined the foundation in January 2023 at the end of her seven-year term as head of

2886-617: The corporation joined the Ford and Rockefeller foundations and others in funding educational litigation by civil rights organizations. It also initiated a program to train black lawyers in the South for the practice of public interest law and to increase the legal representation of black people. Maintaining its commitment to early childhood education, the corporation endorsed the application of research knowledge in experimental and demonstration programs, which subsequently provided strong evidence of

2960-411: The country only, on pain of imprisonment for remaining in possession of homes in areas designated for whites. The Carnegie corporation pulled its philanthropic endeavors from South Africa for more than two decades after this political change, turning its attention from South Africa to developing East African and West African universities instead. John W. Gardner was promoted from a staff position to

3034-496: The definition of value used for the appraisal. Commonly, the definition set forth for U.S. federally regulated lending institutions is used, although other definitions may also be used under some circumstances: In the US, licensed or certified appraisers may be required under state, federal, or local laws to develop appraisals subject to USPAP Uniform Standards of Professional Appraisal Practice . The Uniform Standards of Professional Appraisal Practice requires that when market value

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3108-442: The editorship of Paul Arthur and Barry Lord the name was changed to artscanada in 1967. In 1983, the publisher Society for Art Publications ceased operations and the name was changed back to Canadian Art . Struggling financially, the magazine was purchased by Maclean Hunter and Key Publishers in 1984. Canadian Art has been owned by the Canadian Art Foundation since 1991, receiving charitable status in 1992. Richard Rhodes edited

3182-413: The exchange rate has the effect of decreasing the purchasing power of income and capital gains, derived from any returns. In addition, other income factors such as interest rates, inflation and even capital gains from domestic securities, are influenced by the influential and complex factors, of the exchange rate. The case of Luxmoore-May and Another v. Messenger May Baverstock [1990] 1 W.L.R. 1009 shows us

3256-515: The feasibility of the proposed federal Strategic Defense Initiative and joined the John D. and Catherine T. MacArthur Foundation to support the analytic work of a new generation of arms control and nuclear nonproliferation experts. After the end of the USSR , corporation grants helped promote the concept of cooperative security among erstwhile adversaries and projects to build democratic institutions in

3330-444: The firms’ capacity to create value through correct operational choices and valid strategies, on the one hand, and the epiphenomenal manifestation of variations in stockholder value on the financial markets (notably on stock markets). In this perspective, they suggest to implement new methodologies able to bring strategy back into financial performance measures. Market value is also distinct from fair value in that fair value depends on

3404-645: The former Soviet Union and Central Europe . The Prevention of Proliferation Task Force, coordinated by a grant to the Brookings Institution , inspired the Nunn-Lugar Amendment to the Soviet Threat Reduction Act of 1991, intended to help dismantle Soviet nuclear weapons and reduce proliferation risks. More recently, the corporation addressed interethnic and regional conflict and funded projects seeking to diminish

3478-526: The foundation established several other major study groups, often directed by the president and managed by a special staff. Three groups covered the educational and developmental needs of children and youth from birth to age fifteen: the Carnegie Council on Adolescent Development (1986), the Carnegie Task Force on Meeting the Needs of Young Children (1991), and the Carnegie Task Force on Learning in

3552-572: The foundation's burgeoning interest in improved school effectiveness. Becoming involved with South Africa again during the mid-1970s, the corporation worked through universities to increase the legal representation of black people and increase the practice of public interest law. At the University of Cape Town , it established the Second Carnegie Inquiry into Poverty and Development in Southern Africa, this time to examine

3626-592: The funding decisions. Other seats on the board were held ex officio by presidents of five previously established US Carnegie organizations: After Carnegie died in 1919, the trustees elected a full-time salaried president as the trust's chief executive officer and ex officio trustee. For a time the corporation's gifts followed the patterns Carnegie had already established. Grants for public libraries and church organs continued until 1917, and also went to other Carnegie organizations, and universities, colleges, schools, and educational agencies. Carnegie's letter of gift to

3700-556: The key early experiments in continuing education for women, with major grants to the University of Minnesota (1960, co-directors Elizabeth L. Cless and Virginia L. Senders), Radcliffe College (1961, under President Mary Bunting ), and Sarah Lawrence College (1962, under Professor Esther Raushenbush). Gardner's interest in leadership development led to the White House Fellows program in 1964. Notable grant projects in higher education in sub-Saharan Africa include

3774-402: The learning process, particularly among young children, associating psychology and education. Perhaps its most important contribution to reform of pre-college education at this time was the series of education studies done by James B. Conant , former president of Harvard University ; in particular, Conant's study of comprehensive American high schools (1959) resolved public controversy concerning

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3848-577: The legacies of apartheid and make recommendations to nongovernmental organizations for actions commensurate with the long-run goal of achieving a democratic, interracial society. The influx of nontraditional students and " baby boomers " into higher education prompted formation of the Carnegie Commission on Higher Education (1967), funded by the CFAT. (During 1972, the CFAT became an independent institution after experiencing three decades of restricted control over its own affairs.) In its more than ninety reports,

3922-424: The legal interpretation of market value: "The measure of damage in this case is, I conclude, the difference between what the foxhounds in fact realised consequent on the defendants' breach of contract and what was their true open market value at that time. What better guide could there be to that value than the price at which these paintings happened to be knocked down at Sotheby's so shortly afterwards? The price which

3996-485: The less competent whites" Keppel endorsed the project that produced the report, motivated by his concern with maintaining existing racial boundaries. The corporation's concern for the so-called "poor white problem" in South Africa stemmed at least in part from similar misgivings about poor whites in the American South . White poverty defied traditional understandings of white racial superiority and thus became

4070-443: The long-term positive effects of high-quality early education, particularly for the disadvantaged. A 1980 report on Highscope 's Perry Preschool Project—which focused on the outcomes for sixteen-year-olds enrolled in experimental preschool programs—provided crucial evidence that safeguarded Project Head Start in a time of deep cuts to federal social programs. The foundation also promoted educational children's television and initiated

4144-549: The magazine for 25 years, retiring in 2015. In the following year, David Balzer was appointed the interim editor-in-chief. Balzer stepped down at the end of March 2019 and Jayne Wilkinson was named Editor-in-Chief in May 2019. In 1998 the magazine began co-sponsoring an art award, the Canadian Emerging Artist Prize, with Connor Clark Private Trust. For over a decade, the Canadian Art Foundation had organized

4218-590: The natural and social sciences. The corporation made large grants to the National Academy of Sciences / National Research Council , the Carnegie Institution of Washington , the National Bureau of Economic Research , Stanford University 's now-defunct Food Research Institute and the Brookings Institution , then became interested in adult education and lifelong learning , an obvious follow-on to Carnegie's vision for libraries as "the university of

4292-414: The original trustees making the endowment said that the trustees would "best conform to my wishes by using their own judgement." Corporation strategies changed over the years but remained focused on education, although the trust did also increasingly fund scientific research, convinced that the nation needed more scientific expertise and "scientific management". It also worked to build research facilities for

4366-490: The parties involved, while market value does not. For example, IVS currently notes fair value "requires the assessment of the price that is fair between two specific parties taking into account the respective advantages or disadvantages that each will gain from the transaction. Although market value may meet these criteria, this is not necessarily always the case. Fair value is frequently used when undertaking due diligence in corporate transactions, where particular synergies between

4440-528: The people". In 1919 it initiated the Americanization Study to explore educational opportunities for adults, primarily for new immigrants. With Frederick P. Keppel as president (1923–1941), the Carnegie Corporation shifted from creating public libraries to strengthening library infrastructure and services, developing adult education, and adding arts education to the programs of colleges and universities. The foundation's grants in this period have

4514-470: The presidency in 1955. Gardner simultaneously became president of the CFAT, which was housed at the corporation. During Gardner's time in office the Carnegie Corporation worked to upgrade academic competence in foreign area studies and strengthened its liberal arts education program. In the early 1960s it inaugurated a continuing education program and funded development of new models for advanced and professional study by mature women. Important funding went to

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4588-435: The public, and the media, in order to foster policy debate. Developing programs that larger organizations, especially governments, could implement and scale in size became a major objective. The policy shift to institutional knowledge transfer came in part as a response to relatively diminished resources that made it necessary to leverage assets and "multiplier effects" to have any effect at all. The corporation considered itself

4662-482: The purpose of public secondary education, and made the case that schools could adequately educate both average students and the academically gifted. Under Gardner, the corporation embraced strategic philanthropy—planned, organized, and deliberately constructed to attain stated ends. Funding criteria no longer required just a socially desirable project. The corporation sought out projects that would produce knowledge leading to useful results, communicated to decision-makers,

4736-579: The results through major universities. The corporation advocated for standardized testing in schools to determine academic merit regardless of the student's socio-economic background. Its initiatives have also included helping to broker the creation of the Educational Testing Service in 1947. The corporation determined that the U.S. increasingly needed policy and scholarly expertise in international affairs, and so tied into area studies programs at colleges and universities as well as

4810-807: The risks of a wider war resulting from civil strife. Two Carnegie commissions, Reducing the Nuclear Danger (1990), the other Preventing Deadly Conflict (1994), addressed the dangers of human conflict and the use of weapons of mass destruction. The corporation's emphasis in Commonwealth Africa, meanwhile, shifted to women's health and political development and the application of science and technology, including new information systems, to foster research and expertise in indigenous scientific institutions and universities. During Hamburg's tenure, dissemination achieved even greater primacy with respect to strategic philanthropy. Consolidation and diffusion of

4884-456: The schools; and broadened opportunities in higher education. A fourth objective cutting across these programs was to improve the democratic performance of government. Grants were made to reform state government as the laboratories of democracy , underwrite voter education drives, and mobilize youth to vote, among other measures. Use of the legal system became a method for achieving equal opportunity in education, as well as redress of grievance, and

4958-434: The subject of study. The report recommended that "employment sanctuaries" be established for poor white workers and that poor white workers replace "native" workers in most skilled aspects of the economy. The authors of the report suggested that white racial deterioration and miscegenation would be the outcome unless something was done to help poor whites, endorsing the necessity of the role of social institutions to play in

5032-489: The successful maintenance of white racial superiority. The report expressed trepidation concerning the loss of white racial pride, with the implicit consequence that poor whites would not successfully resist "Africanisation." The report sought, in part, to forestall the historically inevitable accession of a communal, class based, democratic socialist movement aimed at uniting the poor of each race in common cause and brotherhood. World War II and its immediate aftermath were

5106-421: The supply of money, it must increase the volume of saleable securities to foreigners, which in turn creates a decrease in their value. A significant debt can prove a concern for foreign investors, should they believe there is a risk of the country defaulting on its obligations. They will be reluctant to purchase securities subject to that particular currency, if there is a perceived, significant risk of default. It

5180-465: The trust responsible for distributing his wealth after he died. Carnegie's previous charitable giving had used conventional organizational structures , but he chose a corporation as the structure for his last and largest trust. Chartered by the State of New York as the Carnegie Corporation of New York, the corporation's capital fund, originally worth about $ 135 million, had a market value of $ 1.55 billion on March 31, 1999. In 1911–1912, Carnegie gave

5254-748: The two parties may mean that the price that is fair between them is higher than the price that might be obtainable in the wider market. In other words "special value" may be generated. Market value requires this element of "special value" to be disregarded, but it forms part of the assessment of fair value. The term is commonly used in real estate appraisal , since real estate markets are generally considered both informationally and transactionally inefficient. Also, real estate markets are subject to prolonged periods of disequilibrium, such as in contamination situations or other market disruptions. Appraisals are usually performed under some set of assumptions about transactional markets, and those assumptions are captured in

5328-406: The year. The final issue, Spring 2021, had been published on March 15, 2021. Carnegie Corporation The Carnegie Corporation of New York is a philanthropic fund established by Andrew Carnegie in 1911 to support education programs across the United States, and later the world. Since its founding, the Carnegie Corporation has endowed or otherwise helped establish institutions including

5402-525: Was later much cited in legal challenges to segregation. Keppel believed foundations should make facts available and let them facts speak for themselves. His cogent writings on philanthropy made a lasting impression on field and influenced the organization and leadership of many new foundations. In 1927, Keppel toured sub-Saharan Africa and recommended a first set of grants to establish public schools in eastern and southern Africa. Other grants went to for municipal library development in South Africa. During 1928

5476-818: Was the Harlem Experiment, an initiative to provide adult education to African Americans in Harlem during the Harlem Renaissance that began in 1926. Keppel initiated a famous 1944 study of race relations in the United States by the Swedish social economist Gunnar Myrdal in 1937 by naming a non-American outsider as manager of the study. His theory that this task should be done by someone unencumbered by traditional attitudes or earlier conclusions led to Myrdal's widely heralded book American Dilemma (1944). The book had no immediate effect on public policy, but

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