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.
Universities in the United Kingdom
The London School of Economics (a college of the University of London) was founded as a company registered at Companies House, having no Royal Charter or founding Act of Parliament. The University of Buckingham was the only private university in the UK until 2012.