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.
History of University College London
The College formally came into existence as a Joint Stock Company on 11 February 1826 as 'The University of London', and was unique in Great Britain in being completely secular; in fact no minister of religion was allowed to sit on the College Council. Thomas Arnold was to refer to it as "that Godless institution in Gower Street".