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''His theory was that big business would prosper in proportion to the lightening of its tax load and its profit, would be transferred to the rest of the nation.''<ref>[http://www.treas.gov/education/history/secretaries/awmellon.shtml Mellon's philosophy.] </ref>  </blockquote>

''His theory was that big business would prosper in proportion to the lightening of its tax load and its profit, would be transferred to the rest of the nation.''<ref>[http://www.treas.gov/education/history/secretaries/awmellon.shtml Mellon's philosophy.] </ref>  </blockquote>

Mellon served under presidents Harding, Coolidge and Hoover as Secretary of the Treasury, during which time he reduced U.S. debt by 9 billion dollars.  Mellon ranked, at the time, as one of the richest people in the world. His vast art collection formed the basis of the [[National Gallery of Art]].

Mellon served under presidents Harding, Coolidge and Hoover as Secretary of the Treasury, during which time he reduced U.S. debt by 9 billion dollars. .<ref>The New American Desk Encyclopedia, Penguin Group, 1989</ref> Mellon ranked, at the time, as one of the richest people in the world. His vast art collection formed the basis of the [[National Gallery of Art]].

The Andrew W. Mellon Foundation was formed on June 30, 1969. The Foundation philosophy is to build, strengthen and sustain institutions and their core capacities.  

The Andrew W. Mellon Foundation was formed on June 30, 1969. The Foundation philosophy is to build, strengthen and sustain institutions and their core capacities.