![]() ![]() Having endowed the Tuskegee Institute in 1912, the former Sears Roebuck president worked with Booker T. Julius Rosenwald Fund is created to support public schools, universities and museums. In 1970 agronomist Norman Borlaug is awarded the Nobel Peace Prize for his role. It is credited later with helping to finance the Green Revolution, bringing new technologies and new management techniques to agriculture in the developing world and transforming India from a grain importer to a grain exporter saving almost 1b from starvation, but also stirring controversy for its use of pesticides and genetically modified plants. Rockefeller Jr found the Rockefeller Foundation focused on global health, including the creation of the field of public health, the development of the vaccine to prevent yellow fever, and the development of the field of molecular biology. In 1917, at Andrew Carnegie’s direction, his foundation created TIAA-CREF so that teachers could have pensions. In 2011 he establishes the Carnegie Corporation of New York with a broad mandate “to promote the advancement and diffusion of knowledge and understanding”. Having funded 3,000 libraries, American Tycoon Andrew Carnegie publishes the essay Gospel of Wealth, asserting that “the man who dies rich dies disgraced. ![]() By Jane Wales, Vice President of the Aspen Institute and Executive Director of its Program on Philanthropy and Social Innovation (PSI), and founder of the Global Philanthropy Forum 1890-1920s: The Institutional Wave-endowed general-purpose foundations with broad mandates and professional staffs.
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