In the past, Dr. Carnegie contributed to this fund each year with other donors to award an annual scholarship. Former recipients often give to this fund. On her death (2008), Dr. Carnegie left $125,172.06 to NEF to be used explicitly for "black nurses enrolled in doctoral programs in memory of Dr. M. Elizabeth Carnegie." Dr. Carnegie was an educator and author in the field of nursing, known for breaking down racial barriers. She was the first black nurse to serve as a voting member on the board of a state nursing association. She was later president of the American Academy of Nursing and edited the Journal of Nursing Research.