MARY MOODY NORTHEN, INCORPORATED
MARY MOODY NORTHEN, INCORPORATED. Mary Moody Northen, Incorporated, a private charitable foundation based in Galveston, was established in 1964 by Mary Moody Northen, businesswoman and philanthropist. She started the foundation primarily to sustain projects concerned with environmental matters, historical preservation, and higher education. Upon the death of her father, William Lewis Moody, Jr., in 1954, Northen had assumed command of more than fifty family corporations, including American National Insurance Company, City National Bank of Galveston, a national hotel company, and a large number of ranching operations. She increased her inheritance through her financial investments. When she died in 1986, she left the bulk of her estate to Mary Moody Northen, Incorporated. As part of the bequest, she stipulated that the foundation trustees oversee the restoration of the Moody family home in Galveston as a museum for the history of business and commerce and the free-enterprise system. The seven-year, $10 million restoration resulted in the Moody Mansion and Museum, a historical house museum with unique sound and lighting effects and original furnishings and memorabilia of the Moody family. In the early 1990s the foundation focused its efforts primarily on the operation of the museum and on the development of the Wilderness Conservancy and the Mountain Lake Hotel in Virginia. Northen had acquired the hotel and surrounding acreage in 1968, in the hopes of creating a natural sanctuary where families could enjoy the beauty of the region while learning how to live compatibly with nature. In 1990 the assets of the foundation were valued in excess of $44 million, including the Moody Mansion and the Mountain Lake properties, which were held as program-related assets. The foundation was managed by its trustees.
Image Use Disclaimer
All copyrighted materials included within the Handbook of Texas Online are in accordance with Title 17 U.S.C. Section 107 related to Copyright and “Fair Use” for Non-Profit educational institutions, which permits the Texas State Historical Association (TSHA), to utilize copyrighted materials to further scholarship, education, and inform the public. The TSHA makes every effort to conform to the principles of fair use and to comply with copyright law.
For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml
If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.
The following, adapted from the Chicago Manual of Style, 15th edition, is the preferred citation for this article.Handbook of Texas Online, "Mary Moody Northen, Incorporated," accessed February 14, 2016, http://www.tshaonline.org/handbook/online/articles/vrmmn.
Uploaded on June 15, 2010. Published by the Texas State Historical Association.
Get Texas history everyday,
with day by day
Each day's email tells a little bit more of the story of Texas and links to our collection of more than 27,000 articles