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Carnegie Foundation
From Wikipedia, the free encyclopedia
- This article is about the Dutch Carnegie Foundation, owner and manager of the Peace Palace. For other uses, see The Carnegie Foundation.
The Carnegie Foundation ("Carnegie Stichting" in Dutch) is an organization based in The Hague, The Netherlands. It was founded in 1903 by Andrew Carnegie in order to manage his donation of $1.5 million, which was used for the construction, management and maintanace of the Peace Palace. The Peace Palace was built to house the Permanent Court of Arbitration and a library of international law.
The Foundation became the legal owner of the Peace Palace since the Permanent Court of Arbitration, which is based there along with its library, could not own the building under Dutch law..
The Foundation has five Dutch board members, from which four are chosen by the Dutch monarch and one by the Supervisory Board of the Permanent Court of Arbitration. Current chairman of the Carnegie Foundation is Hans van den Broek.