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.
British Library of Political and Economic Science
The Library was founded in 1896, one year after the LSE. It was founded in order to "provide, for the serious student of administrative and constitutional problems, what has hitherto been lacking in this country, namely a collection of the materials for economic and political research". A history of its development and collections has recently been made available on its institutional repository, LSE Research Online.