William Lewis Moody Jr.
William Lewis Moody Jr. (January 25, 1865 – July 21, 1954)[1][2][3] was an American financier and entrepreneur from Galveston, Texas, who founded a private bank, an insurance company, and one of the largest charitable foundations in the United States.[4] Moody was active in the day-to-day operations of his companies until two days before his death.[3]
William Lewis Moody Jr. | |
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Born | William Lewis Moody Jr. January 25, 1865 Fairfield, Texas, USA |
Died | July 21, 1954 89) Galveston, Texas, U.S. | (aged
Resting place | Galveston, Texas, U.S. 29°16′52″N 94°49′33″W |
Education | Virginia Military Institute |
Alma mater | University of Texas at Austin |
Occupation(s) | Insurance and banking executive |
Years active | 1886–1954 |
Known for | Financial and philanthropic endeavors |
Predecessor | William Lewis Moody Sr. |
Successor | Mary Moody Northen |
Political party | Democratic |
Spouse | Libbie Shearn Rice Moody |
Children | William Lewis Moody, III Shearn Moody Sr. Mary Moody Northen Libbie Moody Thompson |
Parent(s) | Pherabe Elizabeth (Bradley) William Lewis Moody Sr. |
Relatives | Shearn Moody Jr. Lee Moody, Jackson Moody, Daniel Moody, Christopher Moody |
Personal life
Moody's parents were Col. William Lewis Moody and Pherabe Elizabeth Moody, née Bradley.[1][3] Moody was born on January 25, 1865, in Fairfield, Texas.[3] After attending boarding schools in Virginia,[3] he attended Virginia Military Institute in Lexington, Virginia.[2][3] Following that, he studied law at the University of Texas before going to work at his father's cotton business in Galveston in 1886.[3]
On August 26, 1890,[2] Moody married Libbie Rice Shearn.[1] They had four children:[1][5]Mary Elizabeth (who married Edwin Clyde Northen[6]), William Lewis III, Shearn, and Libbie (who married Clark W. Thompson). Their family home, "The Moody Mansion", is now a museum.[7] Mary later took over many of the family businesses after Moody's death.[8]
Business interests
In 1889, Moody set up the private bank W. L. Moody and Company,.[1] In 1905, he founded American National Insurance Company,[1][5][9] which, at the time of Moody's death, was the biggest one west of the Mississippi River.[10]
In 1907, Moody founded City National Bank.[11] He served as President of the bank until he died.[11] In 1953, the bank's name was changed to Moody National Bank in his honor.[1]
Moody's business interests also included ventures outside of the financial arena. In 1923 Moody purchased the Galveston Daily News, the oldest newspaper in Texas, from Alfred H. Belo. He later expanded his media interests by acquiring the Galveston Tribune.[3]
In 1930, Moody founded the National Hotel Company.[1] His holdings at one time included the Galvez Hotel in Galveston and the Menger Hotel in San Antonio, Texas. In 1931, the company took control of a financially troubled Conrad Hilton's hotels, hiring Hilton to help manage the company. The merger later ended with Hilton taking back some of the hotels he had brought to the group.[12]
Legacy
In 1942, Moody and his wife set up the Moody Foundation, to which Moody's estate was transferred after his death.[1][5] The Foundation awards grants to various civic and environmental causes in Texas. The Moodys' daughter Mary helped run the foundation from its inception until her death in 1986, and members of the family are still involved.[5] Today the Moody Foundation has grown into a $1.197 billion USD charitable foundation, making grants throughout the state of Texas.[4]
The Moody Coliseum in University Park, Texas, as well as Moody Towers on the University of Houston campus, are named after Moody. Texas A&M University Press publishes a series of books called the "W. L. Moody Jr. Natural History Series". At Rice University, one of the endowed chairs is for the W. L. Moody Jr. Professor of Mathematics, currently held by Robert Hardt; past holders include Morton L. Curtis.
Completed in 2011 the home of "Austin City Limits Live at The Moody Theater," was named after Moody in downtown Austin, Texas.
On October 21, 2013, it was announced that the foundation gave a $50 million gift to the University of Texas at Austin to name the college of communication the Moody College of Communication[13]
Additionally, on November 12, 2019, the foundation announced a $100 million donation to Southern Methodist University to establish the Moody School of Graduate and Advanced Studies.
Also, in downtown Austin, Texas the Moody Center was completed in April 2022 and was dedicated by Matthew McConaughey. It stands as one of the largest private donations by the Moody Foundation to date.[14]
Gallery
- Moody's home, now preserved as a house museum.
- City National Bank Building, founded by Lewis Moody
Notes
- "William Lewis Moody Jr". Historical Marker Society of America. Retrieved June 22, 2009.
- Who Was Who In America, Vol. 3, 1951-1960. Library of Congress number 43-3789.
- "Moody, William Lewis Jr". The Handbook of Texas Online. Texas State Historical Association. Retrieved June 22, 2009.
- Foundation Center, Top 100 Assets
- "Foundation History". The Moody Foundation. Retrieved June 22, 2009.
- "Mary Elizabeth Moody Northen". The Handbook of Texas Online. Texas State Historical Association. Retrieved June 24, 2009.
- "The Moody Mansion". The Moody Mansion. Retrieved June 22, 2009.
- "Mary Moody Northen, Incorporated". The Handbook of Texas Online. Texas State Historical Association. Retrieved June 24, 2009.
- "American National Insurance Company". The Handbook of Texas Online. Texas State Historical Association. Retrieved June 24, 2009.
- "Executive Suite". Time, Inc. September 6, 1954. Archived from the original on November 3, 2012. Retrieved June 24, 2009.
- "About Moody National Bank". Moody National Bank. Retrieved June 22, 2009.
- "Hilton Hotels Corporation". The Handbook of Texas Online. Texas State Historical Association. Retrieved June 24, 2009.
- "Moody Foundation Invests $50 Million in UT Austin College of Communication". Archived from the original on June 30, 2015.
- "About Moody Center Austin, Texas".
External links
- Moody National Bank
- The Moody Foundation
- 1859 Historic Hotels successor to the National Hotel Company.
- Moody Mansion Historic Home
- William Lewis Moody Jr. at Handbook of Texas Online
- Mary Elizabeth Moody Northen at Handbook of Texas Online