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.
Singapore Management University
The School of Economics (SoE) was established in July 2002 as part of the then School of Economics and Social Sciences (SESS). Following a restructuring exercise, the University's economics faculty was separated from the social sciences to form a school of its own. This restructuring was largely accepted as a sound decision in view of the fact that SoE's curriculum had been modelled on that of the Wharton School instead of following the traditional social science-type economics curriculum found at most other institutions.