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.
University College London
UCL is a founding member of the Russell Group, an association of 24 British research universities established in 1994, and of the G5 lobbying group, which it established in early 2004 with the universities of Cambridge and Oxford, Imperial College London and the London School of Economics. UCL is regarded as forming part of the ‘golden triangle’, an unofficial term for a set of leading universities located in the southern English cities of Cambridge, London and Oxford including the universities of Cambridge and Oxford, Imperial College London, King's College London and the London School of Economics.