The Cleveland Museum of Art was founded as a trust in 1913 with an endowment from prominent Cleveland industrialists Hinman Hurlbut, John Huntington, and Horace Kelley.[5] The neoclassical, white Georgian Marble, Beaux-Arts building was constructed on the southern edge of Wade Park, at the cost of $1.25 million.[6] Wade Park and the museum were designed by the local architectural firm, Hubbell & Benes, with the museum planned as the park's centerpiece.[7] The 75-acre (300,000 m2) green space takes its name from philanthropist Jeptha H. Wade, who donated part of his wooded estate to the city in 1881.[8] The museum opened its doors to the public on June 6, 1916, with Wade's grandson, Jeptha H. Wade II, proclaiming it, "for the benefit of all people, forever".[9] Wade, like his grandfather, had a great interest in art and served as the museum's first vice-president; in 1920 he became its president.[10] Today, the park, with the museum still as its centerpiece, is on the National Register of Historic Places.[11]