The London School of Economics and Political Science (commonly referred to as the LSE) is a public research universitylocated in London, England and a constituent college of the federal University of London. Founded in 1895 by Fabian Societymembers Sidney Webb, 1st Baron Passfield, Beatrice Webb, Graham Wallas and George Bernard Shaw for the betterment of society, LSE joined the University of London in 1900 and first issued degrees to its students in 1902.
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.
