Read the following paragraph and determine if the hypothesis is true:

The Carnegie Foundation (Dutch: "Carnegie Stichting" ) is an organization based in The Hague, Netherlands. It was founded in 1903 by Andrew Carnegie in order to manage his donation of US$1.5 million, which was used for the construction, management and maintenance of the Peace Palace. The Peace Palace was built to house the Permanent Court of Arbitration and a library of international law.

Choices:
* Yes
* It's impossible to say
* No
Hypothesis: Carnegie Foundation was created in 1903



Yes