Carnegie Corporation gives more than $16 million in second quarter
July 12, 2013
There are a number of family names that many Americans know shaped the business, financial and social sectors in New York City for many years. Rockefeller, Morgan, Guggenheim and Vanderbilt are just a few that come to mind.
Carnegie should also be another moniker that pops up in these types of discussions, and the family is still making waves today. As part of its second-quarter grant making cycle, the Carnegie Corporation of New York recently gave more than $16. 3 million to various nonprofit organizations.
Twenty-seven entities received sums, including the American Library Association, Harvard University, D.C. Public Education Fund, the National Academy of Sciences and the Center for Strategic and International Studies. These gifts fell into specific categories - international initiatives, national programs and special opportunities funds.
The Carnegie Corporation has been dedicated to giving large sums each year. According to financial information provided by the organization, in 2012 alone, administrators approved $111.2 million in grants, an increase from the $93.2 million given in 2011. Even during the height of the Great Recession in 2008, the institution gave $194.5 million through 905 grants.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.