Founder/Donor's Intent

Money is a great power because . . . it is a frozen form of productive energy. And, therefore, the spending of money is a grave responsibility.

Ayn Rand

Money is energy. It enables potential efforts to become actual efforts, potential successes to become actual successes, ideas to become reality. Money can make the difference between an individual or organization initiating its ideas and succeeding or not. It can enable a good venture underway to succeed when otherwise it may not. Capital in the right hands can be a massive advantage.

Carl B. Barney

One of the highest values to a man of reason and self-esteem is other human beings. Of any category in the universe, human beings are of greatest importance to him.

Ayn Rand

I want others to have the same life-changing benefits as I have had from studying Ayn Rand and the Objectivist philosophy.

Carl B. Barney

The Prometheus Foundation (PF), in essence, is a store of “productive energy.” It is money that the Founder/Donor accumulated during his working life and now wishes to use to help make the world a better place for people to flourish. The only substantive, enduring way to do this is by advancing rational philosophy and rational psychology. This means advancing Ayn Rand’s philosophy of Objectivism and any psychology that integrates with it; such psychology would integrate with Objectivism, with Ayn Rand’s theory of emotions, and her work on epistemology and psycho-epistemology. PF exists solely for this purpose.

Advancing Objectivism includes promoting Ayn Rand’s novels and nonfiction works, promoting Leonard Peikoff’s books and courses, creating courses on Objectivism, and creating organizations or undertaking projects that explicitly advance the philosophy.

Every day, in many small ways, Objectivism is slowly changing the world. It is a long game. This is why, through the Objectivist Venture Fund (OVF), we want to invest in infrastructure (rather than one-off programs) that will endure. As of March 2019, examples of worthy recipients include the Ayn Rand Center in Europe, ARC Israel, the Ayn Rand Centre UK and centers in other countries, the Balkan Objectivist Center, the John Galt School, and The Objective Standard.

In addition to supporting innovative ventures, PF places high priority on encouraging and nurturing intellectuals who are committed to advancing Objectivism. Thus, the New Intellectuals Fund (NIF) will provide scholarships to very bright, up-and-coming scholars (the Scholarships Program) as well as grants to boost productiveness of proven intellectuals and promoters of Ayn Rand and Objectivism (the Productiveness Program).

Those who serve on the Board or on the Awards Committee of PF should do so with the sole intention of carrying out the intent of the Founder/Donor. The PF funds are entrusted to you for this purpose. By agreeing to work with PF, you pledge to honor the intent for their uses as set forth here and in the accompanying Charter.

Thank you for your integrity in carrying out my intent.

Carl B. Barney, Founder/Donor