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.
Borough Road
London South Bank University was established on Borough Road as the Borough Polytechnic Institute in 1892, soon after Borough Road College had moved. The associated National School of Bakery was founded two years later in 1894 and is now the oldest bakery school in the world. The Institute expanded and became the Polytechnic of the South Bank (1970), South Bank Polytechnic (1987), attaining university status as South Bank University in 1992, before adopting its current name in 2003. A bust of Joseph Lancaster, given by the Victorian philanthropist John Passmore Edwards, remains at the University.