Tuesday, September 27, 2011

Andrew Carnegie's Philanthropy

Andrew Carnegie was considered one of the top steel magnates of his time and with his vertical integration strategy to own all of the mines that made his steel, he became one of the richest people in history. But it wasn't all money for Carnegie as he also became well known as a philanthropist. Towards the end of his life, he donated a great portion of his vast wealth to many philanthropic societies or landmarks.Some of his major philanthropic ventures included Carnegie Hall, the Carnegie Institution for research into American colleges and universities, the Carnegie Hero Fund Commission, and many more.