Author Description

Excerpt from Year Book No. 36: July 1, 1936-June 30, 1937; With Administrative Reports Through December 10, 1937 The Carnegie Institution of Washington was founded by Andrew Car negie, January 28, 1902, when he gave to a board of trustees an endowment Of registered bonds of the par value of ten million dollars. To this fund an addition of two million dollars was made by Mr. Carnegie on December 10, 1907, and a further addition of ten million dollars was made by him on January 19, 1911. Furthermore the income of a reserve fund of about three million dollars, accumulated in accordance With the founder's specifications in 1911, is now available for general use and a sum of five million dollars has been paid by the Carnegie Corporation of New York as an increase to the Endowment Fund of the Institution, payments having been completed in 1931. The Institution was originally organized under the laws of the Dis triot of Columbia and incorporated as the Carnegie Institution, articles of incorporation having been executed on January 4, 1902. The Institution was reincorporated, however, by an act of the Congress of the United States, approved April 28, 1904, under the title of The Carnegie Institution of Washington. (see existing Articles of Incorporation on following pages.) Organization under the new Articles of Incorporation was effected May 18, 1904, and the Institution was placed under the control of a board of twenty-four trustees, all of whom had been members of the original corpora tion. The trustees meet annually in December to consider the affairs of the Institution in general, the progress of work already undertaken, the initiation of new projects, and to make the necessary appropriations for the ensuing year. During the intervals between the meetings of the trustees the affairs of the Institution are conducted by an Executive Committee chosen by and from the Board of Trustees and acting through the President of the Institution as chief executive officer.<