Albert Gooderham
Encyclopedia
Colonel Sir Albert Edward Gooderham, KCMG
Order of St Michael and St George
The Most Distinguished Order of Saint Michael and Saint George is an order of chivalry founded on 28 April 1818 by George, Prince Regent, later George IV of the United Kingdom, while he was acting as Prince Regent for his father, George III....

 (June 2 1861 in Toronto - April 25 1935) was a Canadian financier
Financier
Financier is a term for a person who handles typically large sums of money, usually involving money lending, financing projects, large-scale investing, or large-scale money management. The term is French, and derives from finance or payment...

, soldier
Soldier
A soldier is a member of the land component of national armed forces; whereas a soldier hired for service in a foreign army would be termed a mercenary...

, and philanthropist
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...

. His grandfather was brewer William Gooderham.

Gooderham founded the Canadian Academy of Music
Canadian Academy of Music
The Canadian Academy of Music was a Canadian music conservatory in Toronto, Ontario that was actively providing higher education in music during the first half of the 20th century. The school was founded in 1911 by Albert Gooderham who financed the school out of his own personal fortune and served...

 in 1911, and invited Luigi von Kunits
Luigi von Kunits
Luigi von Kunits was an Austrian conductor, composer, violinist, and pedagogue. He was the founding conductor of the Toronto Symphony Orchestra in 1922....

 to Canada to teach at the Academy. In 1929, Gooderham survived the stock market crash
Wall Street Crash of 1929
The Wall Street Crash of 1929 , also known as the Great Crash, and the Stock Market Crash of 1929, was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and duration of its fallout...

 with his fortune largely intact; during the financial crisis that followed, he kept the Toronto Symphony Orchestra
Toronto Symphony Orchestra
The Toronto Symphony Orchestra is a Canadian orchestra based in Toronto, Ontario.-History:The TSO was founded in 1922 as the New Symphony Orchestra, and gave its first concert at Massey Hall in April 1923. The orchestra changed its name to the Toronto Symphony Orchestra in 1927. The TSO...

 from bankruptcy.

He was also the chairman of the Ontario branch of the Red Cross, and donated land for the establishment of Connaught Laboratories
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