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 of London School
The school was founded by a private Act of Parliament in 1834, following a bequest of land in 1442 for poor children in the City of London. The original school was established at Milk Street, moving to the Victoria Embankment in 1879 and its present site on Queen Victoria Street in 1986.