Education: A debt due from present to future generations.

Philanthropy

Peabody is the acknowledged father of modern philanthropy having establiGeorge Peabodyd the practice later followed by Johns Hopkins Andrew Carnegie John D. 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. Darbishire in a Jacobethan style were opened in Commercial Street Spitalfields in February 1864.