Banker. Philanthropist. He was the oldest son of Francis Martin Drexel, an Austrian artist and musician, and Catherine Hookey. He married Hannah J. Langstroth who gave birth Elizabeth Langstroth and Katharine Mary. Hannah died shortly after Katharine's birth. In 1860, he married Emma Bouvier with whom he had a third daughter, Louise Bouvier. When he died in 1885, he left 10% of his $15,000,000 estate to charity. The balance was left in trust for his daughters. Elizabeth and Louise founded the Saint Francis Industrial School in Eddington, Pennsylvania, and endowed the Francis A. Drexel Chair in Moral Theology at the Catholic University in Washington, D.C. Under the terms of his will, his three daughters received a lifetime income from the trust. When Katharine, the last surviving daughter, died in 1955, there were no direct heirs. The trust terminated and the remaining $14,000,000 was divided among the original charities named in Drexel's will.
Banker. Philanthropist. He was the oldest son of Francis Martin Drexel, an Austrian artist and musician, and Catherine Hookey. He married Hannah J. Langstroth who gave birth Elizabeth Langstroth and Katharine Mary. Hannah died shortly after Katharine's birth. In 1860, he married Emma Bouvier with whom he had a third daughter, Louise Bouvier. When he died in 1885, he left 10% of his $15,000,000 estate to charity. The balance was left in trust for his daughters. Elizabeth and Louise founded the Saint Francis Industrial School in Eddington, Pennsylvania, and endowed the Francis A. Drexel Chair in Moral Theology at the Catholic University in Washington, D.C. Under the terms of his will, his three daughters received a lifetime income from the trust. When Katharine, the last surviving daughter, died in 1955, there were no direct heirs. The trust terminated and the remaining $14,000,000 was divided among the original charities named in Drexel's will.
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