Carnegie Corporation of New York was founded by a steel baron-turned-philanthropist Andrew Carnegie in November 1911. During that time, the Corporation was the largest single philanthropic trust that had ever been established.
The vision of the Corporation is to promote the advancement and diffusion of knowledge and understanding.
They aim to benefit the people of the United States. Their goal is doing real and permanent good in this world and deemed that its efforts should create ladders on which the aspiring can rise.
Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.