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.
London Academy
Formerly "Edgware School", it opened as the London Academy in September 2004. The London Academy was one of 5 DfES Academies opened in 2004. Academies are all-ability schools established with sponsorship from business, faith or voluntary groups. The first 3 opened in 2002, and 9 more in 2003. Sponsorship of £1.5 million was provided by the chairman of a venture capital company, Peter Shalson. Money was also raised by resale of part of the old site.