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 the London School of Economics
In 1939, with the outbreak of the Second World War, LSE's Houghton Street campus became home to the Ministry for Economic Warfare, whilst following discussions between school Director, Carr-Saunders and Winston Churchill, it was agreed to temporarily relocate the school to Cambridge, where it took over Peterhouse. Initially for a period of a year, the beginning of the Blitz led to LSE's post at Cambridge to be lengthened, returning to London in 1945.