Carnegie Trusts

CARNEGIE TRUSTS, the second largest, and in some re spects the most remarkable, group of charitable foundations in the world. Andrew Carnegie's theory of wealth is summed up in the following sentence : "This, then, is held to be the duty of the man of wealth : to set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the wants of those dependent upon him ; and, after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer . . . the man of wealth thus becoming the mere trustee and agent for his poorer brethren." In this spirit he founded the following trusts in the United Kingdom and in America.

Carnegie Trust for the Universities of Scotland (Edin burgh) .—Founded in 190I this has a capital of f2,000,000. One half of the income is to be applied to the improvement and expansion of the four Scottish universities, chiefly in the field of research; one half to the payment of the whole or part of the fees of university students of Scottish birth or extraction.

Carnegie Dunfermline Trust.

Founded in 1903 with £750, 000, this is the counterpart of the Pittsburgh Institute (see be low). This trust is limited to the founder's native city of Dun fermline, but the income may be spent on anything which tends to bring "sweetness and light" to the community. The trustees are, however, charged to maintain the beautiful park known as Pittencrieff Glen, which was presented by the founder separately. They have established a number of institutes, a clinic, a craft school, a school of music and a physical training college, and have substantially assisted the public library, the baths, and a large number of local societies, educational, literary and artistic.

Carnegie Hero Fund

fund is administered from Dunfermline by the trustees of the Carnegie Dunfermline Trust.

Carnegie United Kingdom Trust (Dunfermline).— Founded in 1913 with a capital of £2,000,000 this is the analogue of the Carnegie Corporation of New York "for the improvement of the well-being of the masses of the people of Great Britain and Ireland by such means as are comprehended within the meaning of the word charitable." This trust has carried on the founder's library policy, having erected a number of public libraries, estab lished more than Ioo county libraries and assisted many special libraries. It has published an edition of Elizabethan music and a number of modern compositions. Grants have been made for the erection of six child welfare model centres, to the Old Vic. and Sadler's Wells theatres, London, as the nucleus of a national theatre for England, and to many musical and dramatic enter prises. The trust has also taken a prominent part in rural develop ment by founding county community councils, and in 1927 it set aside the sum of £ 200,000 over four years to encourage the pro vision of public playing fields.