Two Former Governors Elected Chairman And Vice Chairman Of Carnegie Corporation Board

THOMAS H. KEAN AND RICHARD W.RILEY UNDERLINE THE CORPORATION’S BIPARTISAN COMMITMENT TO AGENDA SETTING

Carnegie Corporation President, Vartan Gregorian, announced the election by the Trustees of the Corporation of Governer Thomas H. Kean to Chairman of the Board and Secretary Richard W. Riley, to Vice Chairman. “We are so fortunate to have the continued support and guidance of these two distinguished public servants,” said Gregorian “Their accomplishments in the field of education reform and years of dedicated service to the Corporation will help provide the depth of knowledge and leadership the Corporation needs as we move forward.”

Thomas H. Kean will serve the Corporation as chairman for the second time. He joined the Corporation board in 1991and assumed chairmanship in 1997, serving until 2002. He rejoined the Corporation in 2003. Kean served as the governor of New Jersey from 1982 to 1990; during that time he joined the President's Education Policy Advisory Committee and chaired the Education Commission of the States and the National Governor's Association Task Force on Teaching. He was also president of Drew University from 1990 to 2005 In December 2002, Kean was appointed by President George W. Bush to head The National Commission on Terrorist Attacks on the United States (the "9/11 Commission"), a bipartisan panel charged with investigating the September 11,2001 terrorist attacks on New York City and Washington, DC. The resulting 9/11 Commission Report has been called one of the most important historical documents of the modern era. Currently, Kean serves as Chairman of THK Consulting.

Richard W. Riley was elected Governor of South Carolina in 1978 and served for eight years. During his tenure, he joined with other leading governors in helping to elevate education to the top of the nation’s agenda. In 1992, he was appointed U.S. Secretary of Education by President Bill Clinton and served the eight years as the nation’s chief education officer. Secretary Riley helped launch historic initiatives to raise academic standards; improve instruction for the poor and disadvantaged; and expand grant and loan programs to help more Americans go to college. He also created the Partnership for Family Involvement in Education, which now has more than 8,000 participating groups. Since leaving his national post in January 2001, Riley has rejoined the law firm of Nelson Mullins Riley & Scarborough. He has also been appointed Distinguished Professor at his alma mater, Furman University. Secretary Riley graduated cum laude from Furman University in 1954 and then served as an officer aboard a U. S. Navy minesweeper. In 1959, Riley received a law degree from the University of South Carolina.Carnegie Corporation of New York was created by Andrew Carnegie in 1911 to promote “the advancement and diffusion of knowledge and understanding.” As a grantmaking foundation, the Corporation seeks to carry out Carnegie’s vision of philanthropy, which he said should aim “to do real and permanent good in this world.” The Corporation’s capital fund, originally donated at a value of about $135 million, had a market value of $2.5 billion on September 30, 2006. The Corporation awards grants totaling approximately $90 million a year in the areas of education, international peace and security, international development and strengthening U.S. democracy.