Houston Endowment Inc.
In 1937, Jones and his wife, Mary Gibbs Jones, established Houston Endowment Inc., which eventually became the largest private foundation in Texas. It was the principal beneficiary of the Jones' estates, ultimately owning a large number of businesses and buildings, mostly in Houston. Jones was named president of the foundation, and remained so until his death. He was succeeded as president by his nephew, John T. Jones.
Read more about this topic: Jesse H. Jones
Famous quotes containing the words houston and/or endowment:
“When your dreams tire, they go underground
and out of kindness that’s where they stay.”
—Libby Houston (b. 1941)
“The parent must not give in to his desire to try to create the child he would like to have, but rather help the child to develop—in his own good time—to the fullest, into what he wishes to be and can be, in line with his natural endowment and as the consequence of his unique life in history.”
—Bruno Bettelheim (20th century)