One of the serious obstacles to the improvement of our race is indiscriminate charity.

Andrew Carnegie

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Andrew Carnegie kar-NAY-gee (November 25, 1835 – August 11, 1919) was a Scottish-American industrialist, and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. He became a leading philanthropist in the United States and in the British Empire. During the last 18 years of his life, he gave away $350 million (conservatively $65 billion in 2019 dollars, based on percentage of GDP) to charities, foundations, and universities – almost 90 percent of his fortune. His 1889 article proclaiming "The Gospel of Wealth" called on the rich to use their wealth to improve society, and stimulated a wave of philanthropy.

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