By the 1920s Schomburg had amassed a collection which consisted of artworks, manuscripts, rare books, slave narratives and other artifacts of Black history. In 1926 the New York Public Library purchased his collection for $10,000 with the help of a grant from the Carnegie Corporation. The collection formed the cornerstone of the Library's Division of Negro History at its 135th Street Branch in Harlem. The library appointed Schomburg curator of the collection, which was named in his honor: the Schomburg Center for Research in Black Culture. Schomburg used his proceeds from the sale to fund travel to Spain, France, Germany and England, to seek out more pieces of black history to add to the collection. In 2002, scholar Molefi Kete Asante named Schomburg on his list of 100 Greatest African Americans.