Carnegie Trust for the Universities of Scotland

The Carnegie Trust for the Universities of Scotland is a charitable trust established by Andrew Carnegie in 1901 for the benefit of the universities of Scotland, their students and their staff.

The incorporation of the Trust was by royal charter in August 1902, later replaced in July 1978. The endowment of the Trust on establishment was $10million (an unprecedented gift, amounting to around 200-times the annual governmental funding of the four Scottish universities at the time). In 2004-5, the assets of the Trust amounted to £58million, which enabled awards of £1,667,540 to be made. Under the terms set down by Andrew Carnegie, one half of the Trust's income is reserved for "the improvement and expansion of the Universities of Scotland" with the other half to go towards "the payment of fees of students of Scottish birth or extraction in respect of courses leading to a degree of a Scottish University".

The ex–officio Trustees of the Trust are: the Principals of the Universities of Scotland; the First Minister of Scotland and the Lords Provost of Edinburgh and Glasgow. (Prior to Scottish devolution, the Secretary of State for Scotland held the ex officio post currently occupied by the First Minister.) There are fourteen nominated Trustees, made up of esteemed Scots from various fields. The Executive Committee, which manages the Trust itself, consists of five of the nominated Trustees and four of the Principals of the Scottish Universities in rotation.

Scotland

Scotland (/ˈskɒt.lənd/; Scots: [ˈskɔt.lənd]; Scottish Gaelic: Alba [ˈal̪ˠapə]) is a country that is part of the United Kingdom and covers the northern third of the island of Great Britain. It shares a border with England to the south, and is otherwise surrounded by the Atlantic Ocean, with the North Sea to the east and the North Channel and Irish Sea to the south-west. In addition to the mainland, the country is made up of more than 790 islands, including the Northern Isles and the Hebrides.

Edinburgh, the country's capital and second-largest city, was the hub of the Scottish Enlightenment of the 18th century, which transformed Scotland into one of the commercial, intellectual, and industrial powerhouses of Europe. Glasgow, Scotland's largest city, was once one of the world's leading industrial cities and now lies at the centre of the Greater Glasgow conurbation. Scottish waters consist of a large sector of the North Atlantic and the North Sea, containing the largest oil reserves in the European Union. This has given Aberdeen, the third-largest city in Scotland, the title of Europe's oil capital.

Carnegie

Carnegie may refer to:

People

Andrew Carnegie

Andrew Carnegie (/kɑːrˈneɪɡi/ kar-NAY-gee, but commonly /ˈkɑːrnᵻɡi/ KAR-nə-gee or /kɑːrˈnɛɡi/ kar-NEG-ee; November 25, 1835 – August 11, 1919) was a Scottish-American industrialist who led the enormous expansion of the American steel industry in the late 19th century. He built a leadership role as a philanthropist for the United States and the British Empire. During the last 18 years of his life, he gave away to charities, foundations, and universities about $350 million (in 2015 share of GDP, $78.6 billion) – 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 it stimulated a wave of philanthropy.

Carnegie was born in Dunfermline, Scotland, and immigrated to the United States with his very poor parents in 1848. Carnegie started work as a telegrapher and by the 1860s had investments in railroads, railroad sleeping cars, bridges and oil derricks. He accumulated further wealth as a bond salesman raising money for American enterprise in Europe. He built Pittsburgh's Carnegie Steel Company, which he sold to J.P. Morgan in 1901 for $480 million (2015 per share of GDP, $370 billion), creating the U.S. Steel Corporation. Carnegie devoted the remainder of his life to large-scale philanthropy, with special emphasis on local libraries, world peace, education and scientific research. With the fortune he made from business, he built Carnegie Hall and he founded the Carnegie Corporation of New York, Carnegie Endowment for International Peace, Carnegie Institution for Science, Carnegie Trust for the Universities of Scotland, Carnegie Hero Fund, Carnegie Mellon University and the Carnegie Museums of Pittsburgh, among others.

Universities in Scotland

Universities in Scotland includes all universities and university colleges in Scotland, founded between the fifteenth century and the present day.

The first university college in Scotland was founded at St John's College, St Andrews in 1418 by Henry Wardlaw, bishop of St. Andrews. St Salvator's College was added to St. Andrews in 1450. The University of Glasgow was founded in 1451 and King's College, Aberdeen in 1495. St Leonard's College was founded in Aberdeen in 1511 and St John's College was re-founded as St Mary's College, St Andrews in 1538, as a Humanist academy for the training of clerics. Public lectures that were established in Edinburgh in the 1540s, would eventually become the University of Edinburgh in 1582. After the Reformation, Scotland's universities underwent a series of reforms associated with Andrew Melville. After the Restoration there was a purge of Presbyterians from the universities, but most of the intellectual advances of the preceding period were preserved. The Scottish university colleges recovered from the disruption of the civil war years and Restoration with a lecture-based curriculum that was able to embrace economics and science, offering a high-quality liberal education to the sons of the nobility and gentry.