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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
CHRONOLOGY
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
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