How is the Foundation governed?

The Carnegie Foundation is governed by a self-perpetuating board of trustees composed of leaders in education, business and government. The Carnegie Foundation is a nonprofit corporation chartered by an act of Congress in 1906. Classified as a private operating foundation under sections 509(a) and 4942(j) (3) of the Internal Revenue Code, the Foundation uses income from an endowment to support its activities and does not award grants or scholarships.