Norton 's use of an endowment was innovative and novel at the time he set it up to support the museum he established in perpetuity .
Ralph Hubbard Norton ( 1875 -- 1953 ) , born in Chicago , was an art collector and museum founder .
art collector 's use of an endowment was innovative and novel at the time Ralph Hubbard Norton set it up to support the museum Ralph Hubbard Norton established in perpetuity .
Ralph Hubbard Norton ( 1875 -- 1953 ) , born in Chicago , was an art collector and museum founder .