Carnegie Corporation of New York  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. Carnegie Corporation has endowed or otherwise helped to establish institutions that include the United States National Research Council, what was then the Russian Research Center at Harvard University (now known as the Davis Center for Russian and Eurasian Studies), the Carnegie libraries and the Children's Television Workshop. It also for many years generously funded Carnegie's other philanthropic organizations, the Carnegie Endowment for International Peace (CEIP), the Carnegie Foundation for the Advancement of Teaching (CFAT), and the Carnegie Institution for Science (CIS). By 1911 Andrew Carnegie had endowed five organizations in the US 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 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 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 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 the funding decisions.