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Philanthropy at Carnegie Corporation:
Vision and Practice

THE TRANSPARENT ORGANIZATION: Carnegie Corporation Values Documents, Grant Information and Financial Documents

"I believe that accountability can only be achieved with strategic thinking and planning, periodic self-assessment - and absolute transparency in communicating our progress toward our goals."
- Vartan Gregorian1

"As Andrew Carnegie saw himself as a trustee of public wealth, I see foundations as stewards of public trusts. After all, philanthropies have historical, legal and moral obligations to society as well as to their founders. They are entrusted with the administration of considerable wealth - totaling some $385 billion in 1999. This wealth was given to them for specific purposes and time periods. That means they must remain faithful to their missions and be as open as possible in their work. Or, as a former Carnegie Corporation trustee put it, philanthropies 'should have glass pockets.'"
- Vartan Gregorian2

The ongoing introspection and public discourse about what it meant to be an effective, accountable and transparent steward of the public trust which has marked the "Gregorian era" at Carnegie Corporation of New York was also, of course, characteristic of the Corporation in previous eras.

Under Gregorian's leadership, however, the Corporation has renewed its commitment to transparency, re-imagining "transparency's" possibilities in ways unimaginable prior to the current Internet era.

Not only have we been able to make accessible to the interested public large numbers of writings of past Corporation presidents and trustees on topics still of moment to the foundation world today, such as Accountability, Avoidance of Conflict of Interest, Effectiveness, Fiscal Prudence, Flexibility, Investing for Perpetuity, and Transparency, but we have also received Dr. Gregorian's full support in posting the most up-to-date documents through which Carnegie's staff and trustees judge whether they have individually and as an organization performed " their duties faithfully, in a manner adequate to the great purpose of the trust, and in the disinterested public spirit which has moved the founder of the trust." These include:

Staff and Trustee Values Documents
Descriptions of Carnegie Corporation's Investment Philosophy
Annual Reports - Complete with Financial Information
Grant Information

• Staff and Trustee Values Documents

Carnegie Corporation Code of Ethics - Updated April 8, 2004, and both reviewed and re-signed by every Carnegie Corporation of New York staff-member annually

Carnegie Corporation Conflict of Interest Policies and Procedures for Staff - Reviewed and re-signed by every Carnegie Corporation of New York staff-member annually

Carnegie Corporation Conflict of Interest Guidelines For Trustees - Reviewed and signed by every Carnegie Corporation of New York Trustee prior to officially joining the Board

Carnegie Corporation Whistleblower Policy

Carnegie Corporation Authorship Agreement

Carnegie Corporation Copyright Policy

Carnegie Corporation Sexual Harassment Policy

• Descriptions of Carnegie Corporation's Investment Philosophy
Andrew Carnegie's 1911 Deed of Gift

Vartan Gregorian, "President's Essay: Some Reflections on the Historic Roots, Evolution and Future of American Philanthropy," 2000 Annual Report

Edward M. Sermier, "Fiscal 2000: The Year in Review," 2000 Annual Report

D. Ellen Shuman, "Investing for the Long Term," 2000 Annual Report

Not attributed, "Diversification Serves the Endowment Well," 2001 Annual Report

• Complete Annual Reports - Complete with Financials
2002-2003 Combined Annual Report
http://www.carnegie.org/sub/about/ann2002-03.pdf

2001 Annual Report
http://www.carnegie.org/sub/about/ar2001.pdf

2000 Annual Report
http://www.carnegie.org/sub/about/ar2000.pdf

1999 Annual Report
http://www.carnegie.org/sub/about/ar1999.pdf

• Grant Information
Carnegie Corporation Grantmaking Overview
http://home.carnegie.org/grants/overview.htm

How to Apply for a Grant
http://www.carnegie.org/sub/program/grant.html

Program Guidelines and Priorities: 2002-2003
http://www.carnegie.org/sub/program/areas.html

Database of Carnegie Grants from 1990-Present
http://www.carnegie.org/sub/program/grantsearch.html


1 Vartan Gregorian, quoting his own speech at the 20th Anniversary Conference of Independent Sector in 2000 within "Report of the President: Transparency and Accomplishment: A Legacy of Glass Pockets" in the Carnegie Corporation Combined 2002-2003 Annual Report ( New York, Carnegie Corporation, 2004), X.

2 Vartan Gregorian, President's Report: Some Reflections on the Historic Roots, Evolution and Future of American Philanthropy," 2000 Annual Report (New York, Carnegie Corporation, 2001), http://www.carnegie.org/sub/about/pessay/pessay00.html

3 Trustee's Response to the reading of Andrew Carnegie's Deed of Gift - from the Notes of the first Board Meeting of Carnegie Corporation, November 1911 - now in the Carnegie Archive at Columbia University.

 


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