The foundation focused on a small number of projects, including the Moody State School for Cerebral Palsied Children, before Moody's death. The University of Texas has described the Galveston Moody family as “among the most distinguished Texas families”. [2] Moody died at home in 1996, after suffering from years of chronic high blood pressure and kidney disease. Northen served as a foundation trustee until her death in 1986. The philanthropic legacy of the Moody family of Galveston is carried on today by the Moody Foundation and the Mary Moody Northen Endowment. After returning home Moody briefly studied law at the University of Texas before joining his father's firm on his twenty-first birthday in 1886. The most active insiders traders include Robert L Moody, Ross R Moody, and E Douglas Mc Leod. The company was founded on October 1, 2015 and is headquartered in Austin, TX. He and his wife Libbie had four children – Mary Elizabeth, William Lewis III, Shearn and Libbie. [1][5] The Foundation awards grants to various civic and environmental causes in Texas. “Moody, William Lewis, Jr.,” at the San Luis Salute in Galveston, Texas on February 21, 2020 Quy Tran, Contributor Show More Show Less 6 of 6 Tony Buzbee and Frances Moody at Astros Team Up for Kids and K9s at Tootsies. [5] Today the Moody Foundation has grown into a $1.197 billion USD charitable foundation, making grants throughout the state of Texas.[4]. 1322 Space Park Drive, Suite A248 Houston, Texas 77058. Although sentenced to five years in federal prison, Moody served little time and was released on parole in May 1991. He also owned as many as eleven ranches in Texas and Oklahoma. [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). You should not act or rely on the basis of information on this site without seeking the advice of an attorney. One of those families, the family of Colonel William Lewis Moody, his wife and children, came to Texas in the late 1850s and settled in Galveston a few years later. [3], In 1930, Moody founded the National Hotel Company. / [1][4] However the Internal Revenue Service accused him making millions of dollars of grants to himself, and therefore owing more than $14 million in taxes and penalties. The board members and company have hired superstar level defense counsel who have come out swinging in their defense. He also asks the 122nd District Court in Galveston to award him money damages, including the amount of the fine. / Robert has made over 8 trades of the National Western Life stock since 2012, according to the Form 4 filled with the SEC. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. The company’s answer contains a lengthy list of complaints against Robert, and alleges that his suit is motivated by “resentment” of Ross. William Lewis Moody, Jr., financial magnate and entrepreneur, was born in Fairfield, Texas, on January 25, 1865, the son of Pherabe Elizabeth (Bradley) and William Lewis Moody. The Moody Family is well known throughout Galveston Island, Texas and is a strong supporter of community interests. may 29, 2020 moody foundation distributes awards to graduating galveston moody scholars. He remained close to William Jennings Bryan until Bryan's death in 1925. Through hard work and commitment to family, the Moodys established one of the most prosperous entrepreneurial and philanthropic legacies in the country and have come to represent the essence of Texas and the notion that learning and innovation can spark civic transformation. The following, adapted from the Chicago Manual of Style, 15th edition, is the preferred citation for this entry. Both charitable foundations are major forces in health care, education, historic preservation, and the arts. Since then, the Moodys’ businesses have remained in family hands. may 26, 2020 Moody was active in the day-to-day operations of his companies until two days before his death. And as the Galveston Regional Chamber of Commerce's director of special events, it's her job to know the lay of the (is)land. [11] He served as President of the bank until he died. At Rice University, one of the endowed chairs is for the W. L. Moody Jr. Shearn Moody Jr. (May 23, 1933 – June 25, 1996) was an American financier, entrepreneur, and philanthropist from Galveston, Texas.He was heir to a financial empire as well as a convicted felon and originator of the Moody Gardens resort complex. “All that is accomplished in life is by will, by effort, by patience, by perseverance,” Col. Moody once wrote to his son, W. L. Jr. “Riches will not buy wisdom.”. Robert L Moody Net Worth ... Robert's mailing address filed with the SEC is ONE MOODY PLAZA, , GALVESTON, TX, 77550. Mary Elizabeth Moody Northen, Col. Moody’s granddaughter and eldest child of W. L. Jr. and Libbie Rice Shearn, ushered the family’s interests into the 1980s, and they endure today in numerous businesses, nonprofits and family trusts still operated by Moody descendants. After a brief stay in New York as the representative of W. L. Moody and Company, he closed the New York office, and the Moodys returned to Galveston. At the age of nine he was sent to Roanoke, Virginia, to attend Hollins Institute. Moody was active until two days before his death, on July 21, 1954. In 1884–85 he and his brother Frank went to Germany to further their education. "Moody Foundation Invests $50 Million in UT Austin College of Communication", https://en.wikipedia.org/w/index.php?title=William_Lewis_Moody_Jr.&oldid=984942768, Creative Commons Attribution-ShareAlike License, This page was last edited on 23 October 2020, at 00:57. [3] After attending boarding schools in Virginia,[3] he attended Virginia Military Institute in Lexington, Virginia. In 1923 Moody purchased the Galveston Daily News, the oldest newspaper in Texas, from Alfred H. Belo. Upon his father's death in 1920, he became president of W. L. Moody and Company, Bankers, and the W. L. Moody Cotton Company. Font size: 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. He was a sickly child, one of only three of the six Moody children who lived to adulthood. It operates through the following business segments: Domestic Insurance Operations and International Insurance Operations. Moody felt that the court system was corrupt and believed that his enemies used the legal system to try to steal his wealth and power; he claimed to have employed "several hundred" lawyers in various legal battles and even at one point hired nationally known lawyer Roy Cohn to help in his ongoing litigation problems. W. L. Jr. focused his energy on growing the family business, often working every day of the week except Sunday. As of 4 December 2018 Robert still owns at least 1,166,396 units of National Western Life stock. City National Bank Building, founded by Lewis Moody. It offers a broad portfolio of individual whole life, universal life and term insurance plans, and annuities, including supplementary riders. accessed November 03, 2020, As Mary Elizabeth grew up, W. L. Jr. educated her on the intricacies of finance and corporate politics. [7] Mary later took over many of the family businesses after Moody's death. Texas A&M University Press publishes a series of books called the "W. L. Moody Jr. Natural History Series". 1322 Space Park Drive, Suite A248 Houston, Texas 77058 across from NASA and the Johnson Space Center, Brothers Face Off in Massive Galveston Lawsuit. By the 1940s, Mary Elizabeth Moody Northen, who had married Edwin Clyde Northen, was taking a prominent role in the family business, and W.L. Moody was well known for eccentric behavior, such as building a slide from his bedroom window to a swimming pool, where he kept pet penguins, and wearing house slippers wherever he went. A soap opera—style drama—starring Galveston’s first family—plays out in federal court. All Rights Reserved. [4] This dream was short lived, however, as in 1972 his own company ousted him after the federal government began investigating his business dealings.
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