By The Foundation for a Better Life

In the mid 1800s, a boy from Scotland arrived in America, his parents seeking a better life. Andrew Carnegie had nothing but a pocket full of dreams and a love for heroes like Robert Bruce and William Wallace. But it was the American story of Horatio Alger to which he became most attached.

The rags-to-riches tale inspired ingenuity and rewarded it with wealth and opportunity. But his arrival in Pennsylvania was anything but charmed. His parents struggled to make ends meet, and Carnegie went to work as a bobbin boy, his nimble fingers changing bobbins in a cotton mill 12 hours a day, 6 days a week. He was 12 years old.

Carnegie moved on to become a telegraph messenger boy and later, operator. On his rare off time, he could be seen with his nose in a book. He learned whatever he could, pestered his superiors for knowledge, and worked hard. He also invested. His philosophy of living frugally and accumulating wealth would guide him his entire working career.

Carnegie’s curious mind led him to innovations that benefited his employers, and his management skills and tough negotiating style moved him up the ranks in management until he was ready to venture out on his own. His investment in oil paid off well and with those profits he established a steel company.

As his wealth grew, Carnegie was determined to create opportunities for others, beginning with libraries. He loved reading and bemoaned the lack of access to good books. When he sold his steel business for the equivalent of $13 billion in today’s dollars at age 65, he devoted the rest of his life to giving away his fortune. In his essay The Gospel of Wealth, Carnegie outlined the ethics of prosperity and the moral obligation of those with money.

His hardscrabble upbringing and his innate humanitarianism had created in him a desire to set forth not only a foundation to support worthy causes but also a philosophy of giving. He believed it was the obligation of wealthy individuals to give away surplus for lasting social benefits such as libraries, schools and cultural institutions. He preached against extravagance and self-indulgence, arguing that wealth should not encourage laziness. He viewed wealth as a tool to reduce social inequality, and he was a lifelong supporter of education.

The young, wide-eyed Scottish boy who saw opportunity to do more and become more, even when his family suffered privations, had a vision for a better world. He devoted the last 20 years of his life building it through strategic philanthropy and became a model for future philanthropists.

Carnegie built more than 2000 libraries, endowed universities, scholarships, teachers’ pensions, and institutions to promote arts, literature and music. He funded the Peace Palace in the Hague, Netherlands, that is now the home of the International Court of Justice; a poetic reminder that peace and justice are only possible when a society provides opportunity for all its citizens.

By the time of his death, Carnegie had given away 90% of his fortune. He accepted that he could not give away all his wealth in his lifetime and so set up a corporation to continue giving after he was gone. It’s a legacy that has lasted more than 100 years.

“No man becomes rich unless he enriches others,” Carnegie wrote, but more importantly, lived.

The Foundation for a Better Life promotes positive values to live by and pass along to others. Go to PassItOn.com.