How did Henry Hunt Hutchinson’s estate help establish the London School of Economics?

The London School of Economics and Political Science (LSE) was cofounded in 1895 by Sidney and Beatrice Webb, along with George Bernard Shaw and other members of the Fabian Society.12

The establishment of the school was made possible through the estate of Henry Hunt Hutchinson. Sidney Webb served as a trustee of Hutchinson’s will, which stipulated that the residue of his estate should be dedicated to socially constructive purposes. Utilizing these funds, the Webbs and their colleagues founded the LSE to advance the study of the social sciences, establishing a core principle that the institution would provide knowledge and interpretation free from political dogma.1