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.
Examination boards in the United Kingdom
The University of London School Examinations Board merged with the London and East Anglian Group to form the University of London Examinations & Assessment Council (known as London Examinations or ULEAC) in 1991. In 1996, London Examinations merged with the vocational BTEC to form the Edexcel Foundation (the legal entity called London Qualifications). Though it originally ran as an educational charity like AQA, the Foundation was taken over by Pearson in 2003 (and renamed simply Edexcel), making it the only British exam board to be run by a profit-making company.