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.
London Institution
The London Institution was an educational institution founded in London in 1806 (not to be confused with the British Institution for Promoting the Fine Arts in the United Kingdom founded the previous year, with which it shared some founders). It preceded the University of London in making scientific education widely available in the capital to people such as the Dissenters who adhered to non-orthodox religious beliefs and were consequently barred from attending Oxford University or Cambridge University.