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Jump to navigationJump to searchNew page: Image:lighterstill.jpg thumb|200px '''George Peabody''' (February 18 1795 – November 4 1869) was an entrepreneur and [[philanthropy|ph...
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[[image:peabodyg.png|thumb|200px]]
'''George Peabody''' ([[February 18]] [[1795]] – [[November 4]] [[1869]]) was an [[entrepreneur]] and [[philanthropy|philanthropist]] who founded the [[Peabody Institute]]. He was born in what was then [[Danvers, Massachusetts]] (now [[Peabody, Massachusetts]]), to a middle class family. His birthplace at 205 Washington Street in Peabody is now the [[George Peabody House Museum]] ([http://www.georgepeabodyhousemuseum.org]), a museum dedicated to preserving his life and legacy. One of George Peabody's longtime business associates and friends was the renowned banker and art patron, [[William Wilson Corcoran]].
While serving as a volunteer in the [[War of 1812]], Peabody (pronounced PEE-buh-dee) met [[Elisha Riggs]], who, in [[1814]], provided financial backing for the wholesale dry goods firm of ''Peabody, Riggs, and Company''.
In [[1816]], Peabody moved to [[Baltimore, Maryland|Baltimore]], where he would live for the next 20 years. And in 1837, Peabody settled in [[London]], where he would spend the rest of his life.
In 1851 he founded [[George Peabody and Company]] to meet the increasing
demand for [[securities]] issued by the [[Timeline of United States railway history|American railroads]] and three years later went into partnership with [[Junius Spencer Morgan]] (father of [[J. P. Morgan]]) to form [[Peabody, Morgan and Co.]], where the two financiers worked together until Peabody’s retirement in 1864. On his retirement, the firm was renamed [[J. S. Morgan & Co]]. The former UK [[merchant bank]] [[Morgan Grenfell]] (now part of [[Deutsche Bank]]), international [[universal bank]] [[JPMorgan Chase]] and [[investment bank]] [[Morgan Stanley]] can all trace their roots to Peabody's bank. (Chernow: ''The House of Morgan'')
[[Image:Peabody sign.JPG|thumb|Peabody Estates provide cheap housing in Central London even today. This sign is on the side of an estate in Westminster.]]
In 1862 in London, Peabody established the Peabody Donation Fund, which continues to this day, as the [[Peabody Trust]], to provide good quality housing "for the deserving poor" in London. The first dwellings opened by the Peabody Trust for the "artisans and labouring poor of London" were opened in Commercial Street, [[Whitechapel]] in February [[1864]]. They were designed by the architect [[H.A. Darbishire]] in an attractively ornate style, a break from the convention of [[Gothic]] that private clients came to require of him.
Peabody was made a [[Freedom_of_the_City#Freedom_of_the_City_of_London|Freeman]] of the [[City of London]], the motion being proposed by [[Charles Reed]] in recognition of his financial contribution to London's poor.
In America, Peabody founded and supported numerous institutions in [[New England]] and elsewhere. At the close of the [[American Civil War]], he established the [[Peabody Education Fund]] to "encourage the intellectual, moral, and industrial education of the destitute children of the Southern States." His grandest beneficence, however, was to Baltimore; the city in which he achieved his earliest success.
George Peabody is known to have provided benefactions of more than $8 million, most of them in his own lifetime. Among the list are included:
[[Image:P1167GPb.JPG|thumb|left|150px|Statue by [[Royal Exchange (London)]]]]
:1852 The Peabody Institute (now the [http://www.peabodylibrary.org/history/library.html| Peabody Institute Library]), Peabody, Mass: $217,000
:1856 The Peabody Institute, Danvers, Mass (now the [http://www.danverslibrary.org/administration/pilhistlong2.html| Peabody Institute Library of Danvers]): $100,000
:1857 The [[Peabody Institute]], Baltimore: $1,400,000
:1862 The [[Peabody Donation Fund]], London: $2,500,000
:1866 The [[Peabody Museum of Archaeology and Ethnology]], [[Harvard University]]
:1866 The [[Peabody Museum of Natural History]], [[Yale University]]: $150,000
:1867 The [[Peabody Essex Museum]], Salem, Mass: $140,000
:1867 The Peabody Institute, Georgetown, District of Columbia: $15,000 (today the Peabody Room, Georgetown Branch, DC Public Library).
:1867 [[Peabody Education Fund]]: $2,000,000
Peabody is the acknowledged father of modern philanthropy, having established the practice later followed by [[Andrew Carnegie]], [[John D. Rockefeller]], [[Bill Gates]], and some say [[Johns Hopkins]].
[[Image:Funeral of George Peabody at Westminster Abbey, 1869 ILN.jpg|thumb|250px|Peabody's funeral in Westminster Abbey.]]
George Peabody never married. He died in London on [[November 4]] [[1869]], aged 74. At the request of the [[Dean of Westminster]] and with the approval of the Queen, Peabody was given a temporary burial in [[Westminster Abbey]].
His will provided that he be buried in the town of his birth, [[Danvers, Massachusetts]], and Prime Minister Gladstone arranged for Peabody's remains to be returned to America on [[HMS Monarch (1868)|HMS ''Monarch'']], the newest and largest ship in Her Majesty's Navy. He is buried in [[Salem, Massachusetts]], at Harmony Grove Cemetery.
The town of South Danvers, Massachusetts changed its name to The City of [[Peabody, Massachusetts]] in honor of its favorite son. Peabody is a member of the [[Hall of Fame for Great Americans]] located at the [[Bronx Community College]], at the former site of [[New York University]] (NYU).
[[:Image:Peabody Royal Exchange Statue.jpg|A statue of him]] stands next to the [[Royal Exchange (London)|Royal Exchange]] in the City of London, unveiled in 1869 shortly before his death. There is a similar statue of him next to the [[Peabody Institute]], in Mount Vernon Park, part of the [[Mount Vernon, Baltimore|Mount Vernon]] neighborhood of [[Baltimore, Maryland]].
[[Category: General Reference]]
[[Category; Education]]
[[image:peabodyg.png|thumb|200px]]
'''George Peabody''' ([[February 18]] [[1795]] – [[November 4]] [[1869]]) was an [[entrepreneur]] and [[philanthropy|philanthropist]] who founded the [[Peabody Institute]]. He was born in what was then [[Danvers, Massachusetts]] (now [[Peabody, Massachusetts]]), to a middle class family. His birthplace at 205 Washington Street in Peabody is now the [[George Peabody House Museum]] ([http://www.georgepeabodyhousemuseum.org]), a museum dedicated to preserving his life and legacy. One of George Peabody's longtime business associates and friends was the renowned banker and art patron, [[William Wilson Corcoran]].
While serving as a volunteer in the [[War of 1812]], Peabody (pronounced PEE-buh-dee) met [[Elisha Riggs]], who, in [[1814]], provided financial backing for the wholesale dry goods firm of ''Peabody, Riggs, and Company''.
In [[1816]], Peabody moved to [[Baltimore, Maryland|Baltimore]], where he would live for the next 20 years. And in 1837, Peabody settled in [[London]], where he would spend the rest of his life.
In 1851 he founded [[George Peabody and Company]] to meet the increasing
demand for [[securities]] issued by the [[Timeline of United States railway history|American railroads]] and three years later went into partnership with [[Junius Spencer Morgan]] (father of [[J. P. Morgan]]) to form [[Peabody, Morgan and Co.]], where the two financiers worked together until Peabody’s retirement in 1864. On his retirement, the firm was renamed [[J. S. Morgan & Co]]. The former UK [[merchant bank]] [[Morgan Grenfell]] (now part of [[Deutsche Bank]]), international [[universal bank]] [[JPMorgan Chase]] and [[investment bank]] [[Morgan Stanley]] can all trace their roots to Peabody's bank. (Chernow: ''The House of Morgan'')
[[Image:Peabody sign.JPG|thumb|Peabody Estates provide cheap housing in Central London even today. This sign is on the side of an estate in Westminster.]]
In 1862 in London, Peabody established the Peabody Donation Fund, which continues to this day, as the [[Peabody Trust]], to provide good quality housing "for the deserving poor" in London. The first dwellings opened by the Peabody Trust for the "artisans and labouring poor of London" were opened in Commercial Street, [[Whitechapel]] in February [[1864]]. They were designed by the architect [[H.A. Darbishire]] in an attractively ornate style, a break from the convention of [[Gothic]] that private clients came to require of him.
Peabody was made a [[Freedom_of_the_City#Freedom_of_the_City_of_London|Freeman]] of the [[City of London]], the motion being proposed by [[Charles Reed]] in recognition of his financial contribution to London's poor.
In America, Peabody founded and supported numerous institutions in [[New England]] and elsewhere. At the close of the [[American Civil War]], he established the [[Peabody Education Fund]] to "encourage the intellectual, moral, and industrial education of the destitute children of the Southern States." His grandest beneficence, however, was to Baltimore; the city in which he achieved his earliest success.
George Peabody is known to have provided benefactions of more than $8 million, most of them in his own lifetime. Among the list are included:
[[Image:P1167GPb.JPG|thumb|left|150px|Statue by [[Royal Exchange (London)]]]]
:1852 The Peabody Institute (now the [http://www.peabodylibrary.org/history/library.html| Peabody Institute Library]), Peabody, Mass: $217,000
:1856 The Peabody Institute, Danvers, Mass (now the [http://www.danverslibrary.org/administration/pilhistlong2.html| Peabody Institute Library of Danvers]): $100,000
:1857 The [[Peabody Institute]], Baltimore: $1,400,000
:1862 The [[Peabody Donation Fund]], London: $2,500,000
:1866 The [[Peabody Museum of Archaeology and Ethnology]], [[Harvard University]]
:1866 The [[Peabody Museum of Natural History]], [[Yale University]]: $150,000
:1867 The [[Peabody Essex Museum]], Salem, Mass: $140,000
:1867 The Peabody Institute, Georgetown, District of Columbia: $15,000 (today the Peabody Room, Georgetown Branch, DC Public Library).
:1867 [[Peabody Education Fund]]: $2,000,000
Peabody is the acknowledged father of modern philanthropy, having established the practice later followed by [[Andrew Carnegie]], [[John D. Rockefeller]], [[Bill Gates]], and some say [[Johns Hopkins]].
[[Image:Funeral of George Peabody at Westminster Abbey, 1869 ILN.jpg|thumb|250px|Peabody's funeral in Westminster Abbey.]]
George Peabody never married. He died in London on [[November 4]] [[1869]], aged 74. At the request of the [[Dean of Westminster]] and with the approval of the Queen, Peabody was given a temporary burial in [[Westminster Abbey]].
His will provided that he be buried in the town of his birth, [[Danvers, Massachusetts]], and Prime Minister Gladstone arranged for Peabody's remains to be returned to America on [[HMS Monarch (1868)|HMS ''Monarch'']], the newest and largest ship in Her Majesty's Navy. He is buried in [[Salem, Massachusetts]], at Harmony Grove Cemetery.
The town of South Danvers, Massachusetts changed its name to The City of [[Peabody, Massachusetts]] in honor of its favorite son. Peabody is a member of the [[Hall of Fame for Great Americans]] located at the [[Bronx Community College]], at the former site of [[New York University]] (NYU).
[[:Image:Peabody Royal Exchange Statue.jpg|A statue of him]] stands next to the [[Royal Exchange (London)|Royal Exchange]] in the City of London, unveiled in 1869 shortly before his death. There is a similar statue of him next to the [[Peabody Institute]], in Mount Vernon Park, part of the [[Mount Vernon, Baltimore|Mount Vernon]] neighborhood of [[Baltimore, Maryland]].
[[Category: General Reference]]
[[Category; Education]]
