History of the London School of Economics
The history of the London School of Economics dates from 1895, when the School was founded by Fabian Society members Sidney and Beatrice Webb, Graham Wallas, and George Bernard Shaw, with funding provided by private philanthropy, including a bequest of £20,000 from Henry Hunt Hutchinson to the Fabian Society.
Beatrice Webb
Sidney and Beatrice Webb never had any children. In retirement Beatrice would reflect on the success of their other progeny. For instance, in 1895 they had founded the London School of Economics with Graham Wallas and George Bernard Shaw: