This statue to George Peabody is positioned in Mount Vernon, just east
of the Washington Monument. An entreprenuer who moved to Baltimore in
1816 he co-founded Peabody, Riggs, and Company. Recognized as the
father of modern philanthropy, he established the first music
conservatory in the United States in Baltimore -- now known as the
Peabody Institute -- in 1857. The Peabody Education Fund is believed
to have donated more than $8 million to charitable trusts and
organizations.