THE ESTATE OF STEPHEN GIRARD

The largest trust left to the City of Philadelphia is the one created by Stephen Girard, By his will, dated 1830, he bequeathed to the Commonwealth of Pennsylvania $300,000 and to the City of Philadelphia, cash and real estate amounting to over $6,000,000. Mr. Girard was a mariner, merchant, banker and humanitarian. Never before had a private citizen of the United States bequeathed so vast a sum for the public good. Mr. Girard's will is extremely detailed and lengthy; it contains bequests for manly individuals, organizations and purposes; however, the bulk of his estate was for the establishment of " a permanent College, with suitable out-buildings, sufficiently spacious for the residence and accommodation of at least three hundred scholars and the requisite teachers and other persons necessary in such an institution".

Mr. Girard's legacy by the founding of GIRARD COLLEGE continues with the opportunity provided to approximately 750 young men and women who benefit by the programs provided by this outstanding institution.

Today ninety percent of the funding for Girard College is supported by the revenues generated by the investment, real estate and mining operations of Girard Estate. The remaining ten percent is provided by other sources.

STEPHEN GIRARD

May 20, 1750 - December 26, 1831
Merchant, Mariner, Banker, Humanitarian

1750 - Born near Bordeaux, France, May 20th

1776 - Arrived in Philadelphia aboard "L'Aimable Louis"

1777 - Married to Mary Lum, June 6th

1778 - Became citizen of the United States, October 27th

1791 - Birth and death of only child, Mary Girard

1793 - Superintended City Hospital at Bush Hill during yellow fever epidemic

1802 - Elected to Select Councils, October 12th

1807 - Purchase block bounded by 11th, 12th, Market And Chestnut Streets, July 1st (Originally intended to be the site of Girard College)

1812 - Purchased property U. S. Bank, June 24th

1813 - Major subscriber to U.S. Bonds in support of War of 1812.

1815 - Death of Mary Lum Girard, September 13th

1816 - Appointed Director, Second U.S. Bank

1831 - Purchased Peel Hall Farm, site of Girard College, June 6th

1831 - Died December 26, aged 81 years 7 months

1851 - Reinterred Girard College, September, 30th

Suggested Reading

Stephen Girard, America's First Tycoon
Wilson George c 1995

Stephen Girard, Founder
Herrich, Cheesman c 1923

Life and Times of Stephen Girard (2 Vols.) McMaster, John Bach c 1918

Financial Reports:

Audited Financial Statements - Fiscal 2014

Audited Financial Statements - Fiscal 2013

Audited Financial Statements - Fiscal 2012

Audited Financial Statements - Fiscal 2011

Audited Financial Statements - Fiscal 2010

 

The Board of Directors of City Trusts Investment Policy