Showing results for "Gospel" in Philanthropy & Charity

His good friend Mark Twain dubbed him "St. Andrew." British Prime Minister William Gladstone called him an "example" for the wealthy. Such terms seldom apply to multimillionaires. But Andrew Carnegie was no run-of-the-mill steel magnate. At age 13 and full of dreams, he sailed from his native Dunfermline, Scotland, to America. Here, in one volume, are two impressive works by Andrew Carnegie himself: his autobiography and The Gospel of Wealth, a groundbreaking manifesto on the duty of the wealthy to give back to society all of their fortunes.

What is the proper mode of administering great wealth? It is to address this question that steel tycoon Andrew Carnegie's famous essay "Wealth", or more commonly known as "The Gospel of Wealth" was written (in 1889). His answer – Philanthropy. Not just any philanthropy, but specifically, projects funded and overseen during the life of the magnate, for things that benefit the community and engage the public in maintaining long after the magnate is gone -- libraries, parks, universities, hospitals, medical labs, observatories, entertainment halls, swimming pools, etc.

Andrew Carnegie wrote the "Gospel of Wealth" in 1889, during the height of the Gilded Age, when 4,000 American families controlled almost as much wealth as the rest of the country combined. His essay laid the foundation for modern philanthropy. Today, we find ourselves in a new Gilded Age—defined by levels of inequality that surpass those of Carnegie's time. The widening chasm between the advantaged and the disadvantaged demands our immediate attention. Now is the time for a new "Gospel of Wealth."