London School of Economics
The London School of Economics was founded in 1895 by Beatrice and Sidney Webb, initially funded by a bequest of £20,000 from the estate of Henry Hunt Hutchinson. Hutchinson, a lawyer and member of the Fabian Society, left the money in trust, to be put "towards advancing its [The Fabian Society's] objects in any way they [the trustees] deem advisable". The five trustees were Sidney Webb, Edward Pease, Constance Hutchinson, William de Mattos and William Clark.
City and Guilds of London Art School
The City and Guilds of London Art School was founded in 1854 by the Reverend Robert Gregory under the name Lambeth School of Art. It began as a night school in rooms occupied during the day by a National School in his south London parish of St Mary the Less. With the support of Henry Cole Director of the Victoria and Albert Museum, who supplied Gregory with teachers, the school flourished and became a leader in the provision of instruction in applied art and design to working artisans, many of whom were employed by local manufacturing firms, including Doulton's and Farmer and Brindley. The rapid expansion of the school led to the need for new premises, and in 1860 Albert, Prince of Wales (Edward VII) laid the foundation stone for new premises in Millers Lane, built on the site of the Vauxhall Gardens as part of a redevelopment that included St Peter's church. The buildings are still standing, although the road is now called St Oswald's Place.