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Founded in 1867 as the Centenary Biblical Institute by the Baltimore Conference of the Methodist Episcopal Church, the institution’s original mission was to train young men in ministry. It subsequently broadened its mission to educate both men and women as teachers. The school was renamed Morgan College in 1890 in honor of the Reverend Lyttleton Morgan, the first chairman of its Board of Trustees, who donated land to the college. Morgan awarded its first baccalaureate degree to George F. McMechen in 1895. McMechen later obtained a law degree from Yale and eventually returned to Baltimore, where he became a civic leader and one of Morgan’s strongest financial supporters.

In 1915 the late Andrew Carnegie gave the school a conditional grant of $50,000 for the central academic building. The terms of the grant included the purchase of a new site for the College, payment of all outstanding obligations, and the construction of a building to be named after him. The College met the conditions and moved to its present site in northeast Baltimore in 1917. Carnegie Hall, the oldest original building on the present MSU campus, was erected two years later.