(CUL) U.S. CARNEGIE CORPORATION HONORS TURKISH FAMILY WITH MEDAL.NEW YORK, Oct 17, 2009 (TUR tur: see ibex. ) -- The U.S. Carnegie Corporation honored on Thursday a Turkish family with a medal of philanthropy. Turkey's Koc family received the Carnegie Medal of Philanthropy in a ceremony in New York. The Carnegie Corporation is giving the award every two years to commemorate a philanthropist U.S. businessman Andrew Carnegie of Scottish origin. Over 20 institutions, launched by Carnegie, have the responsibility for judging awardees and honoring those chosen for the Carnegie Medal of Philanthropy, since 2001. In 2007, the World Monuments Fund The World Monuments Fund (WMF) is a New York-based private, non-profit organization dedicated to the preservation of historic architecture and cultural heritage sites worldwide through fieldwork, advocacy, grantmaking, education, and training. granted Koc family the "Hadrian Award" given to persons or institutions that contribute to world cultural heritage. U.S. industrialist Andrew Carnegie (1835-1919) established the Carnegie Steel Company Andrew Carnegie constructed a profitable steel mill at Braddock, Pennsylvania in the mid-1870s. The profits made by the Edgar Thomson Steel Works were sufficiently great enough to permit Mr. Carnegie and a number of his associates to purchase other nearby steel mills. in 1870s. At age sixty-five, he sold the company to J. P. Morgan for $480 million and devoted the rest of his life to his philanthropic activities and writing, including his autobiography. Carnegie donated 90 percent of the money he earned from the sale of his company. (calculated as approximately 13 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) (BRC-MS) (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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