In 1903, with the help of a handful of investors (including James Couzens and Horace Rackham), Ford incorporated Ford Motor Company.
Horace Rackham was a Detroit lawyer who opened his own law office in 1894.
In 1903, Henry Ford
to draw up documents incorporating the Ford Motor Company
Sensing an opportunity, Rackham
borrowed $5000 and bought 50 shares in the new company.
Ford Motor company
was, of course, wildly successful, and in 1907 Rackham
built a new home at 90 Edison in Boston-Edison
, and in 1913 quit his
and his wife Mary devoted the rest of their lives to philanthropy.
In addition to supporting numerous charities, Rackham
gave extensively to the University of Michigan
, underwriting expeditions and fellowships.
He also left the university $100,000 for graduate student loans.
The University named its graduate college, as well as the building housing it, after Horace H. Rackham
The results of Rackham's philanthropy can also be seen in and around the city of Detroit.
Most significantly, in 1924, Rackham
gave property in Huntington Woods to the city of Detroit.
Some of this property was used as parking for the new Zoo (a memorial fountain at the zoo bears Rackham's name); the remainder was used to build a public golf course, now known as the Rackham Golf Course
Within the city, the Horace H. Rackham Education Memorial Building, built in 1941, stands at Farsworth and Woodward in Detroit's cultural district.
lived at 90 Edison until his
death in 1933.
Read more about Horace Rackham
from the University of Michigan
's Graduate school.